Post by star dust on Jun 19, 2015 12:56:51 GMT
For all those (are there any?) still not getting the weekly updates. Here it is in full. Site stats new feature this time.
"Welcome to our weekly update. Here are our current platform's statistics.
Loaned through Saving Stream £38,010,307
Current security held £61,230,000
Current live loan book £28,553,250 (47% LTV)
Repaid loans £9,457,057
Interest earned by Saving Stream investors £1,360,949 (3,439 investors)
Completed/Drawndown Loans
PBL 37, 38 & 39 have fully completed – funds are with the borrower and we have security in place.
PBL 19 – We finally completed on this loan this morning! 6 months late… All cashback has been paid to investors plus interest up until the end of May 2015. Thanks for your patience.
Repaid Loans
PBL 7 – This loan has repaid following a successful sale. This was our first default; it took 3 months from the end of the loan to full repayment. We lent based on a valuation of £260k and achieved £250k in a fire sale scenario.
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 6 – No change.
Superyacht – No change.
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 within 3 weeks, for 50% of the land and planning permission for 9 houses is also expected within the same timescale.
PBL 15 – Mayfair Bridging (Amicus) is taking on this loan; valuation took place last Weds and is now in legals. Repayment imminent mid-week next hopefully.
PBL 16/17/18 – No change.
PBL 19 – COMPLETED!
PBL 20 – No change.
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 – No change.
PBL 35 – No change.
PBL 36 – No change.
PBL 37/38/39 – COMPLETED.
Pipeline Loans
Commercial sheds in Gosport. Value £300k, loan £200k. In legals.
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.
Nursery and Vicarage, Essex – val £950k, £650k loan.
Hotel, Swansea – val £1.3m, loan £900k (in legals).
"Welcome to our weekly update. Here are our current platform's statistics.
Loaned through Saving Stream £38,010,307
Current security held £61,230,000
Current live loan book £28,553,250 (47% LTV)
Repaid loans £9,457,057
Interest earned by Saving Stream investors £1,360,949 (3,439 investors)
Completed/Drawndown Loans
PBL 37, 38 & 39 have fully completed – funds are with the borrower and we have security in place.
PBL 19 – We finally completed on this loan this morning! 6 months late… All cashback has been paid to investors plus interest up until the end of May 2015. Thanks for your patience.
Repaid Loans
PBL 7 – This loan has repaid following a successful sale. This was our first default; it took 3 months from the end of the loan to full repayment. We lent based on a valuation of £260k and achieved £250k in a fire sale scenario.
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 6 – No change.
Superyacht – No change.
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 within 3 weeks, for 50% of the land and planning permission for 9 houses is also expected within the same timescale.
PBL 15 – Mayfair Bridging (Amicus) is taking on this loan; valuation took place last Weds and is now in legals. Repayment imminent mid-week next hopefully.
PBL 16/17/18 – No change.
PBL 19 – COMPLETED!
PBL 20 – No change.
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 – No change.
PBL 35 – No change.
PBL 36 – No change.
PBL 37/38/39 – COMPLETED.
Pipeline Loans
Commercial sheds in Gosport. Value £300k, loan £200k. In legals.
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.
Nursery and Vicarage, Essex – val £950k, £650k loan.
Hotel, Swansea – val £1.3m, loan £900k (in legals).
