registerme
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Post by registerme on Sept 22, 2015 11:24:50 GMT
Some quick comments on the valuation report....
1. Original plans indicated 180 units residential units, current plans indicate 160 units with a bar / restaurant and infinity pool on the roof (errm, when I was a student I didn't even know what an infinity pool was!).
2. Planning permission obtained for the old 180 number but not the new 160 number.
3. Valuation (and yield) determined on the 180 figure.
4. Yield assumed to be ~11% against financing costs assumed to be 7.5%, whereas they will be borrowing from SS at >12%.
5. Arrangement with next door college to send students in their direction is a positive.
6. Low LTV is a positive.
6. Security looks good.
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ianj
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Post by ianj on Sept 22, 2015 11:57:39 GMT
...... when I was a student I didn't even know what an infinity pool was!)............ I still don't!  Am I worried? 
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registerme
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Post by registerme on Sept 22, 2015 11:58:54 GMT
 Though one suspects that this might not be the view available from atop a tower block in Liverpool.
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jonno
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nil satis nisi optimum
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Post by jonno on Sept 22, 2015 12:06:20 GMT
Though one suspects that this might not be the view available from atop a tower block in Liverpool. Ahem; I think you'll find that's the Isle of Man 
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adrianc
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Post by adrianc on Sept 22, 2015 12:17:32 GMT
Though one suspects that this might not be the view available from atop a tower block in Liverpool. You know those scousers. If it isn't nailed down...
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jonbvn
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Post by jonbvn on Sept 22, 2015 12:18:57 GMT
Though one suspects that this might not be the view available from atop a tower block in Liverpool. Ahem; I think you'll find that's the Isle of Man In November 
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Post by solicitorious on Sept 22, 2015 12:19:36 GMT
You'd be surprised.  I'm 3 miles up the coast from there. "Second only to the Bay of Naples" was the view of a First Lord of the Admiralty in the 19th Century....  |
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Post by mrclondon on Sept 22, 2015 12:19:52 GMT
Two (?) of the other S*gn***** group of companies have borrowed from FK against some of the other assets mentioned in the SS particulars doc, which at the very least implies the principal(s) have passed muster with another p2p company, one that is known to talk to the principal(s) and not just computer risk score them.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 22, 2015 12:32:08 GMT
Some quick comments on the valuation report.... 1. Original plans indicated 180 units residential units, current plans indicate 160 units with a bar / restaurant and infinity pool on the roof (errm, when I was a student I didn't even know what an infinity pool was!). 2. Planning permission obtained for the old 180 number but not the new 160 number. 3. Valuation (and yield) determined on the 180 figure. 4. Yield assumed to be ~11% against financing costs assumed to be 7.5%, whereas they will be borrowing from SS at >12%. 5. Arrangement with next door college to send students in their direction is a positive. 6. Low LTV is a positive. 6. Security looks good. Planning permission for the original scheme was not required. The application for the current scheme is listed as invalid though details arent viewable (also mentions library & electrical substation) Planning sites arent exactly easily navigable so could be there's another application not listed under postcode, address etc savingstream could you clarify what the actual situation is?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 22, 2015 12:37:11 GMT
You'd be surprised. I'm 3 miles up the coast from there. "Second only to the Bay of Naples" was the view of a First Lord of the Admiralty in the 19th Century.... Sure those wind turbines were much more obvious last time I was up in that area (Hightown)
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 22, 2015 12:39:08 GMT
Though one suspects that this might not be the view available from atop a tower block in Liverpool. Ahem; I think you'll find that's the Isle of Man Those chickens certainly live the good life
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Post by wildlife2 on Sept 22, 2015 12:49:04 GMT
Ahem; I think you'll find that's the Isle of Man Those chickens certainly live the good life I thought those were cushions in the picture, not chickens Stuffed roast cushions.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 22, 2015 13:11:46 GMT
Those chickens certainly live the good life I thought those were cushions in the picture, not chickens Maybe I should rephrase that - 'lived' but 'live on' as soft furnishings
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Post by chrisuk on Sept 22, 2015 13:26:29 GMT
Though one suspects that this might not be the view available from atop a tower block in Liverpool. Ahem; I think you'll find that's the Isle of Man Is that Santorini? I went there in July. Lovely place.
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Post by solicitorious on Sept 22, 2015 13:30:58 GMT
Ahem; I think you'll find that's the Isle of Man Is that Santorini? I went there in July. Lovely place. Mykonos, apparently...
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