Post by star dust on Jun 8, 2015 16:58:36 GMT
For anyone still not getting those emails just received:
Completed/Drawndown Loans
PBL 35 has fully completed – funds are with the borrower and we have security in place.
PBL 19 We have had confirmation from our solicitors that this loan will complete tomorrow (at last!). All interest and cash back accrued thus far will be paid to our very patient and appreciated investors.
Repaid Loans
PBL 5 – Funds have been received by our solicitor. We will receive them tomorrow and will repay all of our investors in this loan.
Newly Listed Loans Available for Investment
PBL 33 – The local council has this week, signed the Section 106 agreement. We have therefore agreed to release another £2.5m against the property as mentioned in the loan parts originally.
Existing Loans
PBL 4a – We have agreed terms for this borrower and have received interest for 3 months. 4a and 4b will be merged into one facility in September.
PBL 4b – See above.
PBL 5 – See above.
PBL 6 – No change.
Superyacht – Monies should be received this or next week in full, subject to bank refinance. We have received 1 month’s further interest just in case it goes on slightly longer than anticipated.
PBL 7 – Hoping for completion before the 15th of June.
PBL 10 – The borrower has arranged for a new loan to take us out completely.
PBL 11 – We are expecting full repayment by the end of the month.
PBL 12 - We are expecting full repayment by the end of the month.
PBL 14 – A sale is still expected at any time now, for 50% of the land and planning permission for 9 houses is also expected within the same timescale.
PBL 15 – Mayfair Bridging is taking on this loan; valuation is taking place on Weds, report by Friday and completion end of next week (expected).
PBL 16/17/18 – No change.
PBL 19 – COMPLETED!
PBL 20 – We met with the customer today. Turnover is increasing, planning permission for 6 timber residential properties has been submitted and we have seen indicative terms for a replacement bridging loan if necessary.
PBL 21 – Extended for 3 months. Interest received.
PBL 22 – No change.
PBL 25 – No change.
PBL 26 – No change.
PBL 27 – No change.
PBL 28 - No change.
PBL 29 - No change.
PBL 30 - No change.
PBL 31 – No change.
PBL 32 – No change.
PBL 33 – See above update.
PBL 35 – No change.
PBL 36 – Relaunched last week as reduced loan from PBL8 with 6 month term.
Pipeline Loans
Pub in Southsea, Portsmouth. Value £350k, loan £245k. Completion end of June.
Commercial sheds in Gosport. Value £300k, loan £200k. In legals.
Large hostel in Bristol. Needs funds to acquire after many years of renting. Value £1m, loan £500k.
Farm in Lancashire – value £1.25m. (In legals).
Commercial/Resi Exeter - £1.2m. (In legals).
Land with PP Exeter - £800k. (In legals) should complete in 10 days or so.
Office building in Oxford - £3.5m val, £2m loan.
Hotel and buildings in Gloucestershire - £3.5m val, £2m loan.
Completed/Drawndown Loans
PBL 35 has fully completed – funds are with the borrower and we have security in place.
PBL 19 We have had confirmation from our solicitors that this loan will complete tomorrow (at last!). All interest and cash back accrued thus far will be paid to our very patient and appreciated investors.
Repaid Loans
PBL 5 – Funds have been received by our solicitor. We will receive them tomorrow and will repay all of our investors in this loan.
Newly Listed Loans Available for Investment
PBL 33 – The local council has this week, signed the Section 106 agreement. We have therefore agreed to release another £2.5m against the property as mentioned in the loan parts originally.
Existing Loans
PBL 4a – We have agreed terms for this borrower and have received interest for 3 months. 4a and 4b will be merged into one facility in September.
PBL 4b – See above.
PBL 5 – See above.
PBL 6 – No change.
Superyacht – Monies should be received this or next week in full, subject to bank refinance. We have received 1 month’s further interest just in case it goes on slightly longer than anticipated.
PBL 7 – Hoping for completion before the 15th of June.
PBL 10 – The borrower has arranged for a new loan to take us out completely.
PBL 11 – We are expecting full repayment by the end of the month.
PBL 12 - We are expecting full repayment by the end of the month.
PBL 14 – A sale is still expected at any time now, for 50% of the land and planning permission for 9 houses is also expected within the same timescale.
PBL 15 – Mayfair Bridging is taking on this loan; valuation is taking place on Weds, report by Friday and completion end of next week (expected).
PBL 16/17/18 – No change.
PBL 19 – COMPLETED!
PBL 20 – We met with the customer today. Turnover is increasing, planning permission for 6 timber residential properties has been submitted and we have seen indicative terms for a replacement bridging loan if necessary.
PBL 21 – Extended for 3 months. Interest received.
PBL 22 – No change.
PBL 25 – No change.
PBL 26 – No change.
PBL 27 – No change.
PBL 28 - No change.
PBL 29 - No change.
PBL 30 - No change.
PBL 31 – No change.
PBL 32 – No change.
PBL 33 – See above update.
PBL 35 – No change.
PBL 36 – Relaunched last week as reduced loan from PBL8 with 6 month term.
Pipeline Loans
Pub in Southsea, Portsmouth. Value £350k, loan £245k. Completion end of June.
Commercial sheds in Gosport. Value £300k, loan £200k. In legals.
Large hostel in Bristol. Needs funds to acquire after many years of renting. Value £1m, loan £500k.
Farm in Lancashire – value £1.25m. (In legals).
Commercial/Resi Exeter - £1.2m. (In legals).
Land with PP Exeter - £800k. (In legals) should complete in 10 days or so.
Office building in Oxford - £3.5m val, £2m loan.
Hotel and buildings in Gloucestershire - £3.5m val, £2m loan.
Oh well it seems that PBL 019 has stalled just before the 'Off'... Right when I was looking forward to my 'Cashback and Interest' 
