r00lish67
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Post by r00lish67 on Oct 12, 2016 11:17:39 GMT
I've just seen this from Steve's mention over on the SS sub-section. 1st charge, LTV 25%, 12% interest, sounds great.
So, what's the catch? Is the A*F intermediary status between investors and J*B somehow the risk in all of this?
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ptr120
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Post by ptr120 on Oct 12, 2016 11:41:44 GMT
I'd also like to know the purpose of the loan - perhaps ablrate can advise? |
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Post by ablrate on Oct 12, 2016 12:49:09 GMT
I'd also like to know the purpose of the loan - perhaps ablrate can advise? Purpose of the loan is that they have a project they are doing at the moment and required initial funding to get it started. They have finance lined up as per their previous business and a good project pipeline. This is one of those where it was in the 'too hard basket' for the banks, hence ending up with APF and us. No catch, just a decent deal.
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shimself
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Post by shimself on Oct 12, 2016 13:18:47 GMT
ABL could you just rehearse the details of what happens if A* fails, would the relationship between lenders and J** and the property charge etc still exist
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Post by ablrate on Oct 12, 2016 14:10:00 GMT
ABL could you just rehearse the details of what happens if A* fails, would the relationship between lenders and J** and the property charge etc still exist Yes it would, underlying security is assigned to our Lenders
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james
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Post by james on Oct 12, 2016 14:23:56 GMT
Was consent from the valuer for the publication of the valuation obtained per item 6 of the valuation?
What have the owners of the security said about the nature of the restrictive covenants from 13th September 2000?
What information is available about any coal mining searches that have or haven't been done?
Have there been any objections to the right of access asserted over the green? When was the claim of the right of access first registered? First made? What is the effect of the indemnity policy if the right of access that is apparently the main access to the property is found not to exist?
How does the garage as it is being constructed differ from the approved plans and what would the effect on the valuation be if the local authority required the garage to be demolished?
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