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Post by valerieb on Nov 10, 2013 12:09:00 GMT
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I realise that some AC loans take a while to drawdown but this one seems to be taking longer than most. Is there a particular problem with this one? It's frustrating having money tied up for 2 months just when AC have produced some other enticing propositions!
Oops, just read the forum rules about not identifying company - will try to edit title but may need help!
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jhma
Member of DD Central
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Post by jhma on Nov 10, 2013 15:28:16 GMT
Email from AC Fri 8th Nov in response to my direct enquiry:
We have finalised substantial documentation with the other lenders involved with A***** E******. We are currently waiting to resolve one other outstanding matter. We expect resolution on Monday/Tuesday and draw-down by late next week.
We appreciate your patience.
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Post by valerieb on Nov 11, 2013 9:35:42 GMT
Glad to hear that; I was beginning to lose hope.
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Post by andrewholgate on Nov 11, 2013 10:29:08 GMT
Should be resolved today/tomorrow and we can drawdown.
A
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duck
Member of DD Central
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Post by duck on Nov 12, 2013 5:17:48 GMT
Excellent.
Am I correct in assuming that I am not alone in factoring in a delay in drawdown in investment decisions? I balance the quicker than anticipated against the slower and the delays never look so bad.
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Post by valerieb on Nov 12, 2013 13:36:28 GMT
Yes, I've come to realise that I should take more notice of these stagnant periods but surely it isn't easy to predict how long drawdown will take. Some loan details suggest the money will be taken by a certain time for a pressing need and that's good if it seems reasonable and doesn't suggest a dire need or a lack of planning. Otherwise, who knows how long it will take? All I can think of doing is transferring funds late and bidding late, although that would be a strategy for missing out on some sites.
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Post by andrewholgate on Nov 13, 2013 15:37:56 GMT
It has drawn down today.
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