Investor
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May 12, 2016 11:02:02 GMT
Post by Investor on May 12, 2016 11:02:02 GMT
ablrate ablrateandy Is the ATR72-200 on course to repay tomorrow? Some investors may be holding off on the new loan as 200k is due back and can be recycled Edit Why is the ATR42-500 MSN532 loan still tradeable on SM when it repays in two weeks - normally SM shut down with a month to go? ablrate ablrateandyDid you miss this one from ilmoroIs this payment (72-200) likely to be made today and any ideas when. Also is 532 still on course for completion at the end of the month
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Post by ablrate on May 12, 2016 11:03:42 GMT
ablrate few queries Whats the exit strategy? Cant seem to see any reference to one. Is there a CG from ACF like the other loan? In the event of a default will ACF take the defaulting loan back? How are the borrowers servicing the interest, rental income? Hi ilmoro Ref questions above, we have added a note in Admin section, but to save you looking: 1. The exit strategy is a refinance with a mainstream lender that they have done other loans with when timing is not such an issue to replace the bridging facility. They may even sell one or more of the properties if they are deemed non-core 2. There is no cross guarantee as the security through the SIPP is very good 3. In default the properties would be repossessed and sold with any shortfall being made up by the SIPPs. 4. Rental income along with any shortfall from the SIPPs Regards Ablrate
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Post by ablrate on May 12, 2016 11:08:14 GMT
ablrate ablrateandy Is the ATR72-200 on course to repay tomorrow? Some investors may be holding off on the new loan as 200k is due back and can be recycled Edit Why is the ATR42-500 MSN532 loan still tradeable on SM when it repays in two weeks - normally SM shut down with a month to go? ablrate ablrateandy Did you miss this one from ilmoro Is this payment (72-200) likely to be made today and any ideas when. Also is 532 still on course for completion at the end of the month Hi Yes the loan will repay today, at 3PM. The loan has now been paused for the 532, we are on course for repayment on time. Regards Ablrate
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Investor
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Posts: 662
Likes: 590
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May 12, 2016 14:11:57 GMT
Post by Investor on May 12, 2016 14:11:57 GMT
ablrate ablrateandy Did you miss this one from ilmoro Is this payment (72-200) likely to be made today and any ideas when. Also is 532 still on course for completion at the end of the month Hi Yes the loan will repay today, at 3PM. The loan has now been paused for the 532, we are on course for repayment on time. Regards Ablrate Does this mean you will be 'pressing the button' for payment at 3PM 15:09 12/05/2016
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paulgul
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May 12, 2016 14:57:57 GMT
Post by paulgul on May 12, 2016 14:57:57 GMT
Hi Yes the loan will repay today, at 3PM. The loan has now been paused for the 532, we are on course for repayment on time. Regards Ablrate Does this mean you will be 'pressing the button' for payment at 3PM 15:09 12/05/2016Doesn't look like it, nothing paid to my account yet
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pom
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Post by pom on May 12, 2016 15:05:49 GMT
Well he never mentioned a timezone...3pm AMT perhaps...(ABL Maybe Time..)
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paulgul
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May 12, 2016 15:13:31 GMT
Post by paulgul on May 12, 2016 15:13:31 GMT
Payment just been made
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shimself
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May 14, 2016 12:19:31 GMT
Post by shimself on May 14, 2016 12:19:31 GMT
Its a known issue that your balance is displayed rounded to the nearest whole pence. Assume that the amount available is 1p less than shown. If you ask Andy nicely he's offered to supply the missing penny before. Hi Just to clarify, the system rounding works to six decimal places but is round up, so 50p will be 50p but 49.1p onwards will be 50p. Its been on the list for a while, I must admit, but now we have sorted the trading issues with amortising loans these things are being worked through. Regards Ablrate yes but it's just in one or two places, and the code is something like @location show round(balance-0.005,2)
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Pubs
May 20, 2016 12:16:34 GMT
Post by oktaeder on May 20, 2016 12:16:34 GMT
What we are waiting for now?
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