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Post by alexp2p on Jul 3, 2019 5:03:01 GMT
Any opinion about this loan?
Does the planning permission for the parking area already exist or not?
Also lender risks described by Proplend medium to high.
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rs
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Post by rs on Jul 3, 2019 9:31:50 GMT
Any opinion about this loan? Does the planning permission for the parking area already exist or not? Also lender risks described by Proplend medium to high. When is this loan going live? Did'nt get the loan email yet.
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sapphire
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Post by sapphire on Jul 3, 2019 9:35:59 GMT
Any opinion about this loan? Does the planning permission for the parking area already exist or not? Also lender risks described by Proplend medium to high. When is this loan going live? Did'nt get the loan email yet. Full loan request published yesterday under Pending Loans. Email with live date is usually sent within a few days after this is published.
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sapphire
Member of DD Central
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Post by sapphire on Jul 4, 2019 8:49:12 GMT
Going live on Friday per today's newsletter.
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IFISAcava
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Post by IFISAcava on Jul 4, 2019 9:27:20 GMT
Going live on Friday per today's newsletter. Interestingly the last bit of the newsletter (with the loan notification) didn't come through in the email I received, only if I opened it up as a web page.
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liso
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Post by liso on Jul 4, 2019 12:11:08 GMT
Does the planning permission for the parking area already exist or not? PP is unclear. The valuation report states "planning permission has been obtained", but the LRS, when outlining the parking conditions still to be met, refers to an "assumption" that planning exists. Perhaps Proplend could clarify please? proplend
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rs
Member of DD Central
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Post by rs on Jul 4, 2019 19:15:47 GMT
Does the planning permission for the parking area already exist or not? PP is unclear. The valuation report states "planning permission has been obtained", but the LRS, when outlining the parking conditions still to be met, refers to an "assumption" that planning exists. Perhaps Proplend could clarify please? proplend Proplend mention the parking condition in their report and are withholding the £20k for this parking work to be completed. I'll be having a little of the tranche C & A of this loan.
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Post by proplend on Jul 5, 2019 7:29:21 GMT
Good morning
The Borrower has advised that they have a statutory approval confirming conditions 3 & 5 have been relaxed - giving them a further 12 months. It is a Condition Precedent that this is provided prior to drawdown. We are retaining £20k in addition to the 6 months Interest Reserve, which will be held back until such time as the works have been completed, and the conditions satisfied.
I hope this helps clarify. Richard
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nummo
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Post by nummo on Jul 5, 2019 11:15:57 GMT
Got in on some tranche A and B. Happy with that.
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Post by uksoul on Jul 5, 2019 13:20:55 GMT
Got in on some tranche A and B. Happy with that. Got the max in on tranche C - well pleased. Will get in on tranche A & B on the next loan
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nummo
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Post by nummo on Jul 6, 2019 13:56:57 GMT
Anyone else's account stuck at waiting to close? This is my first time on a live loan so maybe this is normal?
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liso
Member of DD Central
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Post by liso on Jul 6, 2019 14:18:44 GMT
Anyone else's account stuck at waiting to close? This is my first time on a live loan so maybe this is normal? It's normal. There are conditions to be met before the loan draws down - see Proplend's own post further back in this thread.
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nummo
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Post by nummo on Jul 6, 2019 14:31:46 GMT
Thought as much but wanted to check!
Thanks for the help!
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eeyore
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Post by eeyore on Dec 22, 2022 10:48:34 GMT
Partial payment today of this overdue Proplend loan today, originally due to be redeemed in July 2022. The payment is £360 per £1,000 (leaving £640) and should already be in lenders' cash accounts.
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Post by uksoul on Dec 22, 2022 13:50:28 GMT
Partial payment today of this overdue Proplend loan today, originally due to be redeemed in July 2022. The payment is £360 per £1,000 (leaving £640) and should already be in lenders' cash accounts. No partial payment for me ..I'm in tranche C and the loan is showing completed
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