adrian77
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Post by adrian77 on Jun 27, 2019 8:06:39 GMT
Another satisfied customer ... as a matter of interest has anybody local recently seen this site who could let us know what progress has been made - hopefully a lot?
I thank you.
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adrian77
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Post by adrian77 on Jul 5, 2019 13:35:05 GMT
Well I can't see the update - can't find them but I think there were some photos showing a partially erected steel frame. Has anybody made a recent visit - I thank you
Whilst I am here the above was also posted for the house in Ba*n*t and guess what - no update...
These early charges are already about 11 months late - looks like another potential disaster to me given that the total lent is nearly £1.4m and at 20% that is a fair few quid.
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james21
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Post by james21 on Jul 5, 2019 13:51:39 GMT
Well I can't see the update - can't find them but I think there were some photos showing a partially erected steel frame. Has anybody made a recent visit - I thank you Whilst I am here the above was also posted for the house in Ba*n*t and guess what - no update... These early charges are already about 11 months late - looks like another potential disaster to me given that the total lent is nearly £1.4m and at 20% that is a fair few quid. 26/06/2019 We are meeting with the Borrower to discuss the current status of the project on 8/7/2019
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adrian77
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Post by adrian77 on Jul 5, 2019 17:52:37 GMT
thanks was in the 9th tranche which I was looking at - bit concerned the FS computer system can't uniformly update the loan updates..be interesting to see what Monday brings...
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bfish
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Post by bfish on Jul 12, 2019 17:00:07 GMT
thanks was in the 9th tranche which I was looking at - bit concerned the FS computer system can't uniformly update the loan updates..be interesting to see what Monday brings... "An update from FundingSecure on the below loans are available on the platform, please login for details. " 1124490659 Cam*** Str*** Liv*****l as of June 26th - 'meeting Borrower 8th July to discuss' (the outstanding £1.4m + interest !) Strangely enough FS forgot to add the above to this forum ! And have even forgotten to update the following too !!! 1905572848 ditto . . . but not published yet 1829465985 ditto . . . but not published yet 1906808477 ditto . . . but not published yet 1832147014 ditto . . . but not published yet 2181869507 ditto . . . but not published yet 1827402892 ditto . . . but not published yet 1332129078 ditto . . . but not published yet
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rs
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Post by rs on Jul 12, 2019 17:12:12 GMT
thanks was in the 9th tranche which I was looking at - bit concerned the FS computer system can't uniformly update the loan updates..be interesting to see what Monday brings... "An update from FundingSecure on the below loans are available on the platform, please login for details. " 1124490659 Cam*** Str*** Liv*****l as of June 26th - 'meeting Borrower 8th July to discuss' (the outstanding £1.4m + interest !) Strangely enough FS forgot to add the above to this forum ! And have even forgotten to update the following too !!! 1905572848 ditto . . . but not published yet 1829465985 ditto . . . but not published yet 1906808477 ditto . . . but not published yet 1832147014 ditto . . . but not published yet 2181869507 ditto . . . but not published yet 1827402892 ditto . . . but not published yet 1332129078 ditto . . . but not published yet
Does it really matter as the updates are not going to say much apart from the saga continues.
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bfish
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Post by bfish on Jul 12, 2019 18:06:30 GMT
Does it really matter as the updates are not going to say much apart from the saga continues.
As FS have repeatedly told us they have trained 2/3 new staff members to improve their Customer Service and levels of communication, is it not reasonable to do what we can to encourage their efforts, both in the notifications we see here, and the Updates that they publish on their own website ? In this instance of course, an immediate report back on the results of the Directors' meeting with the Borrower (last Monday), entered across all tranches, would certainly indicate a change of attitude at the top - a change they SAY they aspire to !?
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rogerthat
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Post by rogerthat on Aug 15, 2019 11:15:52 GMT
13/08/2019
Following a meeting with the borrower we will review the valuation relating to the refinance by end August with a view to agreeing a settlement.
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rogerthat
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Post by rogerthat on Sept 11, 2019 12:27:01 GMT
2 hours ago (11/09/19)
"The refinance offer is now due to be complete by the end of this week. Once we have all of the details we will again review with the borrower the best way forward"
A secondary thought..the more cynical amongst us, might suggest this is an anagram of the previous update
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p2ploser
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Post by p2ploser on Sept 11, 2019 18:17:22 GMT
I can’t figure out what this means. I assume it means that the refinance won’t cover the debt so they will have to have further discussions. Wish their updates would improve to something clearer and meaningful.
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Post by mrclondon on Sept 11, 2019 18:23:52 GMT
I can’t figure out what this means. I assume it means that the refinance won’t cover the debt so they will have to have further discussions. Wish their updates would improve to something clearer and meaningful. Pretty awful wording from FS, but my interpretation is that the borrower expects to receive a formal offer of refinance by the end of this week, not that the refinance is happening this week. (And yes, the expectation is that the offer will not cover the entire debt)
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p2ploser
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Post by p2ploser on Sept 11, 2019 18:29:28 GMT
Don’t they keep telling us they are getting better 🤒
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james21
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Post by james21 on Sept 11, 2019 18:36:25 GMT
I can’t figure out what this means. I assume it means that the refinance won’t cover the debt so they will have to have further discussions. Wish their updates would improve to something clearer and meaningful. Pretty awful wording from FS, but my interpretation is that the borrower expects to receive a formal offer of refinance by the end of this week, not that the refinance is happening this week. (And yes, the expectation is that the offer will not cover the entire debt)
The personal guarantee will be worthless
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adrian77
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Post by adrian77 on Sept 11, 2019 19:26:41 GMT
I agree FS are pumping out more updates which I think is good and clearly part of their PR spin tactic but what is not so good is that they still seem,to me, to be pretty meaningless. Not least this one!
FS how about telling us what is the state of this development - could anybody local comment - I thank you.
I really hope this one has moved on since the basic steelwork was installed but looking at this chap's accounts I don't see how he has had the readies to do this...I note the loan is £1.4m and unless this one is very well advanced there is no way on this planet can I see this one getting enough refinance to cover the loan. The £665K tranche is 18 months late so ,at 20% p.a. that is 665K x 40% = £250K interest on that one alone. If we take £1.4m at 18 months that is £420K...so best part of£2m with expenses - yet another interesting one...
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Post by mrclondon on Nov 13, 2019 13:00:15 GMT
All loans now defaulted on the website. The final ids are
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