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Post by portlandbill on Apr 25, 2018 14:50:06 GMT
My "Recovery" list comment for this loan says:-
"Feb 2018: Properties will go to auction mid April. It is expected that they should meet/exceed guide prices set, which will result in full repayment of loan facility and all/most of outstanding interest."
How's that progressing?
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Post by stevefindlay on Apr 25, 2018 15:21:51 GMT
Please send your request to invest@bondmason.com - we don't discuss individual loans on the forum.
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Post by portlandbill on Apr 26, 2018 12:44:47 GMT
Please send your request to invest@bondmason.com - we don't discuss individual loans on the forum. With respect stevefindlay, if the comments on the loans on the platform were meaningful, you wouldn't have to. Here's another example: "Feb 2018: Loan has gone over term but sale is agreed and is expected to complete in the next couple of weeks."
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ton27
Member of DD Central
Posts: 431 
Likes: 267
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Post by ton27 on Apr 26, 2018 12:50:52 GMT
I also think the comments should have more info. and be updated regularly.
In addition is it right that one lender gets an update but others do not?
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ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
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Post by ashtondav on Apr 26, 2018 15:13:19 GMT
Property loans are plagued by these sort of comments. It’s a combination of standard property industry development issues and the vast and necessary experience of prevarication techniques by borrowers in this market. For real fun and games pop along to the FS forum and see the vague comments there. Sometimes “ongoing” is the most insightful we get. Initial valuation is the first, ahem, hurdle and the second is achieving 70% of that valuation in a “fire sale”.
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Loan 2860
Apr 26, 2018 17:29:00 GMT
via mobile
Post by stevefindlay on Apr 26, 2018 17:29:00 GMT
The loan comments may or may not deserve more detail. However, two things to note:
(1) The comments on BondMason are likely to be as brief as any comments provided by underlying lending partners, not more detailed.
(2) We aren't going to provide additional (or more) details on the P2P Independent Forum - this is not an official communication channel for us.
Please contact us using the usual methods (email, phone etc) if you want to discuss anything with respect to your BondMason account.
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