jlend
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Post by jlend on Mar 12, 2018 16:27:06 GMT
Does the loan ltv needs updating on the MT website?
Should it be lower than 70% now tranche 2 is not going ahead?
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oik
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Post by oik on Mar 12, 2018 16:39:07 GMT
I suspect MT might be even be very slightly relieved that this one is going.
With a GDV of £7.9m, a stack of money would need to be raised down the line that hardly looks an easy one in the present climate. Perhaps still harder when the developer is a 26 year old. Better to have the hiccups now than after several millions have been invested. I wish him well.
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oik
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Post by oik on Mar 12, 2018 16:43:42 GMT
Does the loan ltv needs updating on the MT website? Should it be lower than 70% now tranche 2 is not going ahead? Depends if you really think the site is worth 44% more than 6 weeks ago. Some might argue that with finance looking a problem that the LTV has gone up.
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jlend
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Post by jlend on Mar 12, 2018 16:59:43 GMT
Does the loan ltv needs updating on the MT website? Should it be lower than 70% now tranche 2 is not going ahead? Depends if you really think the site is worth 44% more than 6 weeks ago. Some might argue that with finance looking a problem that the LTV has gone up. Fair point. Should not the ltv on the website relate to the formal valuation made by the RICS surveyor?
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hazellend
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Post by hazellend on Sept 8, 2018 21:09:14 GMT
Any update on refinance MT?
Time to apply higher interest or default the loan?
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liso
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Post by liso on Sept 12, 2018 10:57:21 GMT
We were told at the beginning of August that refinance was well advanced and likely to complete within 2 weeks. We are now 6 weeks on, no refinance and no update. Can you please tell us what is happening? MoneyThing
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averageguy
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Post by averageguy on Sept 13, 2018 14:24:14 GMT
We were told at the beginning of August that refinance was well advanced and likely to complete within 2 weeks. We are now 6 weeks on, no refinance and no update. Can you please tell us what is happening? MoneyThing Update on website
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withnell
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Post by withnell on Sept 28, 2018 14:19:48 GMT
Hopefully this refinance should complete soon?
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averageguy
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Post by averageguy on Oct 18, 2018 11:43:01 GMT
MT ...refinance was imminent over a month ago..update please?
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averageguy
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Post by averageguy on Oct 24, 2018 8:47:23 GMT
MT ...refinance was imminent over a month ago..update please? Cough cough ED
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Post by mrclondon on Oct 24, 2018 9:06:53 GMT
The first accounts of the borrowing company since incorporation in Oct 2016 are now 3 months overdue. Will be very difficult to achieve a refinance without them, and certainly not from a mainstream finance provider.
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Post by spareafewcoppersguv on Oct 24, 2018 9:48:06 GMT
The first accounts of the borrowing company since incorporation in Oct 2016 are now 3 months overdue. Will be very difficult to achieve a refinance without them, and certainly not from a mainstream finance provider.
Please would you provide an update MoneyThing SophieThing Thanks
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averageguy
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Post by averageguy on Oct 25, 2018 14:42:04 GMT
MT ...refinance was imminent over a month ago..update please? Cough cough ED Cough cough cough ..Gosh my cough’s got worse ...so MT? Just as an aside Ed’s been doing updates recently..is Sophie incapacitated?
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Post by MoneyThing on Oct 25, 2018 17:35:06 GMT
Apologies. Tied up today in meetings (not literally), but will be posting a number of updates on loans (inc. this & Wigan), during the course of tomorrow. Kind regards, Ed.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 2, 2018 14:39:30 GMT
Update provided, 2 months default interest recieved, rest due shortly.
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