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Spv 83
Nov 22, 2017 20:42:56 GMT
via mobile
Post by propertycalf on Nov 22, 2017 20:42:56 GMT
Anyone brave enough?
I like the idea of staggered quarterly payments.
Not sure how long it will take to fully fund tho!
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hazellend
Member of DD Central
Posts: 2,361 
Likes: 2,179
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Spv 83
Nov 22, 2017 21:00:26 GMT
Post by hazellend on Nov 22, 2017 21:00:26 GMT
Anyone brave enough? I like the idea of staggered quarterly payments. Not sure how long it will take to fully fund tho! I'm in SPV81 so not going in for this. Don't know why anybody prefers quarterly payments rather than monthly though. With property moose, quarterly is preferrable to the usual default setting of never (for most of my rentals).
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Spv 83
Nov 22, 2017 21:11:59 GMT
via mobile
Post by propertycalf on Nov 22, 2017 21:11:59 GMT
I just meant I'm invested in SPV 81, So if I decide to invest in SPV 83, alternate payments between these 2 would be good for me.
I'd obviously prefer monthly payments!
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jnm21
Posts: 441
Likes: 166
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Spv 83
Nov 22, 2017 21:20:57 GMT
via mobile
Post by jnm21 on Nov 22, 2017 21:20:57 GMT
If 83 pays on time you may get 81 & 83 payments on the sane day! : )
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carolus
Member of DD Central
Posts: 204
Likes: 191
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Spv 83
Nov 22, 2017 21:50:14 GMT
Post by carolus on Nov 22, 2017 21:50:14 GMT
Anyone brave enough? I like the idea of staggered quarterly payments. Not sure how long it will take to fully fund tho! I'm in SPV81 so not going in for this. Don't know why anybody prefers quarterly payments rather than monthly though. With property moose, quarterly is preferrable to the usual default setting of never (for most of my rentals). I have a pretty good idea why you'd prefer quarterly payments if you're the management company...
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Spv 83
Nov 22, 2017 22:38:33 GMT
via mobile
Post by propertycalf on Nov 22, 2017 22:38:33 GMT
If 83 pays on time you may get 81 & 83 payments on the sane day! : ) Good point!
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Post by sayyestocress on Nov 23, 2017 11:30:40 GMT
I just meant I'm invested in SPV 81, So if I decide to invest in SPV 83, alternate payments between these 2 would be good for me. I'm not so sure they would alternate, though? I was under the impression that all the flats in this development were purchased at the same time, the SPV83 flats were originally part of 81, so I would assume 81 and 83 would pay out at the same time. I could be typing nonsense though...
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Spv 83
Nov 23, 2017 12:38:36 GMT
via mobile
Post by propertycalf on Nov 23, 2017 12:38:36 GMT
I was thinking that, but if they only begin paying us in arrears from when it fully funds?
Would probably suit them to pay all at once, considering they already find the payments for the first block a struggle!
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Spv 83
Nov 23, 2017 12:58:51 GMT
Post by sayyestocress on Nov 23, 2017 12:58:51 GMT
My guess would be they'd pay it at the same time as 81 because they would receive the rent from the developer at the same time. If it fully funds between one of the payments, I would assume PM would keep the proportion that it wasn't held by the SPV, taking it for themselves if they've effectively had it on their own books or use it to pay for the PMF that may alternatively have paid for the flats originally. But anyway, I already had my fill with 81 and it's all just guesswork  |
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Spv 83
Nov 23, 2017 14:25:40 GMT
Post by propertycalf on Nov 23, 2017 14:25:40 GMT
Sadly that'ss the problem with PM
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jnm21
Posts: 441
Likes: 166
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Spv 83
Nov 26, 2017 1:25:07 GMT
Post by jnm21 on Nov 26, 2017 1:25:07 GMT
Very skeptical (note I didn't say wrong  . |
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Spv 83
Nov 26, 2017 11:20:45 GMT
via mobile
Post by propertycalf on Nov 26, 2017 11:20:45 GMT
Hopefully they should have well enough money to pay investors on time then!
Be interested to see how long the last apartment takes to fund from this chunk of development.
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jnm21
Posts: 441
Likes: 166
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Spv 83
Nov 26, 2017 16:17:25 GMT
Post by jnm21 on Nov 26, 2017 16:17:25 GMT
If it were me, I'd look at the SM of 81 rather than invest in 83 - currently 2 shares for less than £10, but there have been more. You may get the compensation for the late payment (then again no one should hold their breath). That said, I couldn't press the button on either myself (not least as I already did before PM decided to tell us about the arrears).
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Spv 83
Nov 26, 2017 21:14:46 GMT
via mobile
Post by propertycalf on Nov 26, 2017 21:14:46 GMT
Hopefully they should have well enough money to pay investors on time then! Be interested to see how long the last apartment takes to fund from this chunk of development. I think investors should leave the last of the 7 alone and leave it with PM. At least then they have some skin in the game and it may encourage them to make sure investor are paid on time. I like the thinking.. Would be hard to encourage everybody to keep out of it at once tho With shares is spv 81 on the SM and with shares in SPV 83 undoubtedly joining them, wouldn't imagine there is much motivation for the final apartment funding quickly
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jnm21
Posts: 441
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Post by jnm21 on Nov 29, 2017 23:01:31 GMT
Don't forget it is likely a PMF fund that owns the flats not funded - if it funds PM win, if it doesn't fund, PMF investors lose, PM lose nothing!
I wish I knew where I couldget no lose bets like that.
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