stevio
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Post by stevio on Nov 9, 2016 18:50:27 GMT
I noticed the recent email mentioned another tranche of this loan - ablrate I am presuming the initial £235k is not being increased, so the LTV is diluted again with each tranche and edging closer to 70%?
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Post by ablrate on Nov 10, 2016 15:18:45 GMT
I noticed the recent email mentioned another tranche of this loan - ablrate I am presuming the initial £235k is not being increased, so the LTV is diluted again with each tranche and edging closer to 70%? Hi stevio As per the email there is another £100k going in subordinate to Ablrate lenders Regards David
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stevio
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Post by stevio on Nov 18, 2016 11:58:23 GMT
I noticed the recent email mentioned another tranche of this loan - ablrate I am presuming the initial £235k is not being increased, so the LTV is diluted again with each tranche and edging closer to 70%? Hi stevio As per the email there is another £100k going in subordinate to Ablrate lenders Regards David ablrate where does this say this in the loan proposal? - previously it was "£235,000 in cash or loans made within ACI1 Ltd will be subordinated to the Ablrate debenture, further securing the transaction" now "£253,000 in cash or loans made within ACI1 Ltd will be subordinated to the Ablrate debenture, further securing the transaction" The underwriting has increased by 100k, but this is not the same
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stevio
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Post by stevio on Nov 18, 2016 17:04:25 GMT
Hi stevio As per the email there is another £100k going in subordinate to Ablrate lenders Regards David ablrate where does this say this in the loan proposal? - previously it was "£235,000 in cash or loans made within ACI1 Ltd will be subordinated to the Ablrate debenture, further securing the transaction" now "£253,000 in cash or loans made within ACI1 Ltd will be subordinated to the Ablrate debenture, further securing the transaction" The underwriting has increased by 100k, but this is not the same ablrate is it possible to have an answer to this query please?
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stevio
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Post by stevio on Nov 21, 2016 8:07:21 GMT
ablrate where does this say this in the loan proposal? - previously it was "£235,000 in cash or loans made within ACI1 Ltd will be subordinated to the Ablrate debenture, further securing the transaction" now "£253,000 in cash or loans made within ACI1 Ltd will be subordinated to the Ablrate debenture, further securing the transaction" The underwriting has increased by 100k, but this is not the same ablrate is it possible to have an answer to this query please? Morning ablrate 3rd request for an answer to this question please?
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Post by ablrate on Nov 21, 2016 11:08:43 GMT
Thanks Stevio - spoken to the borrower and will posting answers for you on this and the B********* one shortly.
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stevio
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Post by stevio on Nov 21, 2016 18:56:27 GMT
Thanks Stevio - spoken to the borrower and will posting answers for you on this and the B********* one shortly. Is greater than 7hrs considered 'shortly'?
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Post by ablrate on Nov 21, 2016 19:05:16 GMT
We are clarifying this. As it stands the £100k is being injected into the company giving the guarantee.
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stevio
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Post by stevio on Nov 22, 2016 8:33:01 GMT
We are clarifying this. As it stands the £100k is being injected into the company giving the guarantee. This is different to what you originally said Hi stevio As per the email there is another £100k going in subordinate to Ablrate lenders Regards DavidSo the subordinated amount is only increasing by £18k and the LTV is slowly increasing towards 70% (from around 60%) the more tranches are released (or was this error and it was supposed to remain £2 35 instead of £2 53K)
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Post by ablrate on Nov 22, 2016 15:08:39 GMT
Hi Stevio
It is £253,000. The £100k on the email was an error as it is going into the guarantor company. However, I will update you further later today when I he spoken with the guys, as your point is taken.
Regards Ablrate
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