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Post by mrclondon on Nov 28, 2018 14:17:59 GMT
fundingsecure - I'm possibly mis-reading what you've written but it would be helpful if you could clarify which asset will be first charge and which will be second charge.
In the main loan description you say "This is a 6 month loan secured by a first legal charge over a 3 bedroom property in S******* Avenue, Halifax and a second charge over an additional property in the same road."
Yet on the assets tab you state the 3 bed property has an existing first charge and is currently owned by the client. Intuitively it would make more sense that the 2nd charge is against the 3 bed property, and the first charge against the other property that is being bought and planning to convert applied for.
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Post by mrclondon on Nov 28, 2018 14:29:41 GMT
Now corrected on on the loan description to show the 1st charge on the property being bought. Thanks fundingsecure |
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Post by brummiefred on Nov 28, 2018 14:40:37 GMT
Am I missing any info/report/valuation of the Nursing Home?  |
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Post by mrclondon on Nov 28, 2018 14:52:53 GMT
Am I missing any info/report/valuation of the Nursing Home? Scroll down the assets tab - its listed second, as the loan listing had been erroneously constructed with the 3 bed property as the main asset
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Post by mrclondon on Jan 29, 2019 17:44:43 GMT
Planning to convert to appartments has now been applied for. Link is on DD Central for those with access, otherwise search Calderdale Planning Portal with the post code from the VR (of the former care home) |
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Post by mrclondon on Mar 15, 2019 15:27:08 GMT
Planning to convert to appartments has now been applied for. Link is on DD Central for those with access, otherwise search Calderdale Planning Portal with the post code from the VR (of the former care home) The planning application has today been approved, a major step forward.
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Doc
Member of DD Central
Posts: 196 
Likes: 211
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Post by Doc on Jun 19, 2019 15:50:29 GMT
Loan just repaid : Capital £329K Interest £25.6k
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arby
Member of DD Central
Posts: 910
Likes: 959
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Post by arby on Jun 19, 2019 15:59:53 GMT
Loan just repaid : Capital £329K Interest £25.6k And right on time. A very welcome change!
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kielbasa
Member of DD Central
Posts: 246
Likes: 411
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Post by kielbasa on Jun 19, 2019 17:02:06 GMT
More of the same please, FundingSecure.
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benaj
Member of DD Central
Posts: 4,862
Likes: 1,591
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Post by benaj on Jun 19, 2019 17:21:12 GMT
Repaid after 182 days.
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baldpate
Member of DD Central
Posts: 548
Likes: 406
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Post by baldpate on Jun 19, 2019 21:26:56 GMT
Well, blow me down with a sackfull of feathers - an FS property loan that repaid on the due day! What is the world coming to!
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Post by leafkicker on Jun 19, 2019 21:48:33 GMT
Bought on the primary market, held to the end, and repaid on time. Very satisfying loan.
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