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Post by MoneyThing on Oct 8, 2015 9:28:13 GMT
IMPORTANT NOTICEMorning, We are having a slight problem with today's roll-over of CSP174 whereby ALL investors have been repaid their capital rather than just those who have chosen to opt-out. As a result we have taken the rolled-over loan off the pending list for the time being whilst we investigate what happened and correct. If you did choose to roll-over your investment - please do not withdraw these funds from your account.I will provide an update on the forum and via email once we have corrected the problem. Kind regards, Ed UPDATE: Shuang is busy travelling across country to get onto a secure network to fix the problem and is confident this can be resolved before 4pm when the new loan is due to go live. I have to admit that this was human rather than technical error (i.e. my fault not Shuang's).
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rogerbu
Member of DD Central
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Post by rogerbu on Oct 8, 2015 10:04:41 GMT
IMPORTANT NOTICEMorning, We are having a slight problem with today's roll-over of CSP174 whereby ALL investors have been repaid their capital rather than just those who have chosen to opt-out. As a result we have taken the rolled-over loan off the pending list for the time being whilst we investigate what happened and correct. If you did choose to roll-over your investment - please do not withdraw these funds from your account.I will provide an update on the forum and via email once we have corrected the problem. Kind regards, Ed UPDATE: Shuang is busy travelling across country to get onto a secure network to fix the problem and is confident this can be resolved before 4pm when the new loan is due to go live. I have to admit that this was human rather than technical error (i.e. my fault not Shuang's). It's always bad news letting 'Bosses' near computers! Whoops. I forgot that we were not supposed to comment on this thread - Sorry
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Post by MoneyThing on Oct 8, 2015 10:19:46 GMT
UPDATE: Shuang is busy travelling across country to get onto a secure network to fix the problem and is confident this can be resolved before 4pm when the new loan is due to go live. I have to admit that this was human rather than technical error (i.e. my fault not Shuang's). It's always bad news letting 'Bosses' near computers! Whoops. I forgot that we were not supposed to comment on this thread - Sorry Yes... I have already been reprimanded!
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Post by MoneyThing on Oct 8, 2015 10:48:41 GMT
IMPORTANT NOTICEMorning, We are having a slight problem with today's roll-over of CSP174 whereby ALL investors have been repaid their capital rather than just those who have chosen to opt-out. As a result we have taken the rolled-over loan off the pending list for the time being whilst we investigate what happened and correct. If you did choose to roll-over your investment - please do not withdraw these funds from your account.I will provide an update on the forum and via email once we have corrected the problem. Kind regards, Ed UPDATE: Shuang is busy travelling across country to get onto a secure network to fix the problem and is confident this can be resolved before 4pm when the new loan is due to go live. I have to admit that this was human rather than technical error (i.e. my fault not Shuang's). UPDATE: All fixed! Regards, Ed.
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Post by MoneyThing on Oct 9, 2015 12:26:36 GMT
Afternoon,
Just wanted to let you know the following loan changes about to take place (with the same borrower):
MT206 (Red Range Rover Sport) - Redeeming today (£42,000). MT207 (BMW X6) - Redeeming today (£18,000).
MT208 (Land Cruiser) - Remaining in place for the moment. See note below. MT209 (Black Range Rover Sport) - Remaining in place for the moment. See note below.
New Short Term Loan - 2015 Black Range Rover TDV6 Auto (loan amount £40,000 - 50% LTV) - To complete today and will be uploaded today on Preview for bidding on Monday at 4pm.
Note: I have just met with the borrower and have agreed to change the facility over the next couple of weeks. An all-assets Debenture will be placed on the borrower's company with a floating charge on all their stock and a fixed charge on a high value vehicle which by itself is worth higher than the loan amount of £150,000 (the Debenture will state that all stock will be maintained at a minimum combined value of £300,000). This 6 month loan will replace all the loans above (including the 'new short term loan').
Kind regards,
Ed
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Post by SianThing on Dec 14, 2015 10:58:18 GMT
Morning all,
Managed Portfolios CSP226-CSP229 will be renewing later this month.
Please be aware that although originally scheduled to renew of 26th December we have brought these forward to now renew on 23rd December.
Best regards,
Sian
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Post by MoneyThing on Dec 17, 2015 16:12:37 GMT
Afternoon,
Loan MT276 has just redeemed and a new loan (MT308), with the same borrower has been uploaded to Pending to go live at 10am tomorrow morning.
Kind regards,
Ed
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Post by MoneyThing on Dec 30, 2015 11:06:25 GMT
Morning,
Hope you had an enjoyable Christmas.
Loan MT274 will be redeeming later today.
(New loans with the same borrower coming up in early January).
Kind regards,
Ed
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Post by MoneyThing on Mar 10, 2016 19:17:53 GMT
Evening, As sensibly pointed out here, please see below update on loans due to end this month (March): All car & watch loans due to end this month will be repaid to investors at term. In addition the Croft loan will also be repaid to investors. This covers all loans due to end in March. (All CSP loans will continue to renew). Kind regards, Ed
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Post by MoneyThing on Mar 29, 2016 16:26:26 GMT
Afternoon, Please see below update on loans due to end in April: MT270 - This is due to be repaid (1st April). Not joking! CSP272, 273 & 278 - Will continue to renew (with new loan schedules). MTAF308 - Car is in the process of being sold (deposit paid). Likely to be repaid shortly before loan end date (17th). MT271 - Will renew one more time (22nd) MTAF275 - Car is in the process of being sold (deposit paid). Likely to be repaid shortly before loan end date (23rd). Kind regards, Ed
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Post by MoneyThing on Apr 13, 2016 18:59:29 GMT
Afternoon, Please see below update on loans due to end in April: MT270 - This is due to be repaid (1st April). Not joking! CSP272, 273 & 278 - Will continue to renew (with new loan schedules). MTAF308 - Car is in the process of being sold (deposit paid). Likely to be repaid shortly before loan end date (17th). MT271 - Will renew one more time (22nd) MTAF275 - Car is in the process of being sold (deposit paid). Likely to be repaid shortly before loan end date (23rd). Kind regards, Ed UPDATE: MTAF308 - Loan is due to be repaid sometime on Friday (£203,000).
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Post by MoneyThing on Apr 15, 2016 14:15:11 GMT
Afternoon, Please see below update on loans due to end in April: MT270 - This is due to be repaid (1st April). Not joking! CSP272, 273 & 278 - Will continue to renew (with new loan schedules). MTAF308 - Car is in the process of being sold (deposit paid). Likely to be repaid shortly before loan end date (17th). MT271 - Will renew one more time (22nd) MTAF275 - Car is in the process of being sold (deposit paid). Likely to be repaid shortly before loan end date (23rd). Kind regards, Ed UPDATE: MTAF308 - Loan is due to be repaid sometime on Friday (£203,000). UPDATE: MTAF308 - Loan has now been repaid to investors (£203,000). Kind regards, Ed.
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Post by MoneyThing on Apr 20, 2016 10:54:00 GMT
Morning,
UPDATE: MTAF275 - Loan is due to be repaid sometime on Friday (£265,300).
Having spent the day yesterday with the supercar borrower, I am pleased to report that another c. £500,000 of supercar loans will be transacted within the next week or two.
(In addition, we will be announcing the £475,000 New Partner loan shortly which will be going live on Friday).
More details to follow in the 'Pipeline Update' later today.
Kind regards,
Ed
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Post by MoneyThing on Apr 20, 2016 14:53:22 GMT
Afternoon, Please see below update on loans due to end in April: MT270 - This is due to be repaid (1st April). Not joking! CSP272, 273 & 278 - Will continue to renew (with new loan schedules). MTAF308 - Car is in the process of being sold (deposit paid). Likely to be repaid shortly before loan end date (17th). MT271 - Will renew one more time (22nd) MTAF275 - Car is in the process of being sold (deposit paid). Likely to be repaid shortly before loan end date (23rd). Kind regards, Ed UPDATE: MT271 (£20,000) - Will now be repaid to investors on the loan end date (22nd).
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Post by MoneyThing on Apr 22, 2016 14:25:53 GMT
Morning, UPDATE: MTAF275 - Loan is due to be repaid sometime on Friday (£265,300). Having spent the day yesterday with the supercar borrower, I am pleased to report that another c. £500,000 of supercar loans will be transacted within the next week or two. (In addition, we will be announcing the £475,000 New Partner loan shortly which will be going live on Friday). More details to follow in the 'Pipeline Update' later today. Kind regards, Ed UPDATE: MTAF275 has now been repaid and capital & interest credited to lenders accounts. Thank you to all who participated in this loan. Kind regards, Ed.
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