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Post by alexp2p on Sept 7, 2020 19:27:59 GMT
Any opinions on the D***** B**** C*** loan?
I have been in the previous loan and looks like a solid borrower with a good track record.
The only problem I would see that the boorower is also one of the tenants paying rent.
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Post by overthehill on Sept 8, 2020 9:13:10 GMT
Just about every loan at Tranche A is a good investment.
IMO I would take the 'in the process of securing residential planning consent' with a pinch of salt, the previous loan said that as well. Not a chance I'd be buying a house there, take a look at google maps, it is surrounded by water at the same level and in the vicinity of a recent dam burst. It seems to have local authority support though! It doesn't look like the valuation is based on any possible future planning approval though , unlike Fundingsecure who in hindsight used this as a carrot to entice lenders into and enhance values of worthless sites/land (this one of course already has a proven income track record)
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bababill
Member of DD Central
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Post by bababill on Dec 15, 2021 9:07:44 GMT
I think the projected value has increased by 100k approx. 36 month term too as opposed to the shorter period as on the last refinance.
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bababill
Member of DD Central
Posts: 526
Likes: 245
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Post by bababill on Jan 20, 2022 22:13:56 GMT
It’s now back to a 12 month loan 😞.
With a 11 month interest reserve ....
And a exit fee ...
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