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Post by ablrate on Dec 20, 2016 15:28:16 GMT
Wow! Both new loans taken, instant returns paid, front page updated (note - communications) for next prospective loan. Great stuff, Ablrate. lol... and an update going out today... I think we will have to have a collective lie down... Ablrate
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SteveT
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Post by SteveT on Dec 20, 2016 15:34:17 GMT
lol... and an update going out today... I think we will have to have a collective lie down... Ablrate Surely not the long-awaited B******g update ?!
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blender
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Post by blender on Dec 23, 2016 9:25:57 GMT
Wow! Both new loans taken, instant returns paid, front page updated (note - communications) for next prospective loan. Great stuff, Ablrate. lol... and an update going out today... I think we will have to have a collective lie down... Ablrate I think I will pass on the offer to lie down with you, Ablrate. Nice try. Have a good Xmas break - presumably there is nothing that has to be done before New Year, except to pay the interest of course.
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james
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Post by james on Jan 20, 2017 22:02:17 GMT
And that payment was completed the following morning as anticipated.
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elliotn
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Post by elliotn on Jul 14, 2017 15:26:53 GMT
Coming up on MT on Monday. The 16% abl loan? Or a refinance of the non-abl 1C? Edit - 4.15M as you say, looks like MT refi 1C so abl loan should stay. Edit 2 - if MT do the dfl though will affect the deed of priority on abl capping the 1C to 1.5M.
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stevio
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Post by stevio on Jul 14, 2017 19:35:55 GMT
Coming up on MT on Monday. The 16% abl loan? Or a refinance of the non-abl 1C? Edit - 4.15M as you say, looks like MT refi 1C so abl loan should stay. Edit 2 - if MT do the dfl though will affect the deed of priority on abl capping the 1C to 1.5M. ablrate are you able to comment?
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southport
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Post by southport on Jul 17, 2017 16:04:32 GMT
Are there any updates regarding this loan? I don't seem to be recieving emails from Ablrate.
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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 Jul 17, 2017 17:17:02 GMT
Are there any updates regarding this loan? I don't seem to be recieving emails from Ablrate. Just come through, aiming to repay on the 19th, some cash already on account with Abl.
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hazellend
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Post by hazellend on Jul 17, 2017 17:45:49 GMT
Nice double interest for a few days. If the MT loan takes longer to fill that would be even better.
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agent69
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Post by agent69 on Jul 17, 2017 18:10:33 GMT
Are there any updates regarding this loan? I don't seem to be recieving emails from Ablrate. Just come through, aiming to repay on the 19th, some cash already on account with Abl. Can the Abl loan repay if the MT loan isn't fully funded? Were this to be the case MT would have to make up the shortfall, and I thought that wasn't allowed.
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blender
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Post by blender on Jul 17, 2017 18:23:56 GMT
Trading suspended on the SM and nothing in the admin notes, though the borrower has to give five business days notice of repayment, not two. If I had bought it on the SM at say 2% or 3% recently I would be a bit miffed. It seems a number of recent loans are really not intended to run to term. Caveat emptor on the SM. If they miss the 19th it will be another month's interest.
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stevio
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Post by stevio on Jul 17, 2017 18:25:49 GMT
Just come through, aiming to repay on the 19th, some cash already on account with Abl. Can the Abl loan repay if the MT loan isn't fully funded? Were this to be the case MT would have to make up the shortfall, and I thought that wasn't allowed. MT loan is 1st charge to BLR, AB 2nd charge to APF AB loan details APF as having 1st and 2nd charge lending to BLR Where the repayment to AB is coming from is currently unknown A assumption could be the 2nd charge is being settled and the 1st charge refinanced. So technically, the MT loan doesn't need to be drawn down before repayment of AB loan
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stevio
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Post by stevio on Jul 17, 2017 18:28:47 GMT
Trading suspended on the SM and nothing in the admin notes, though the borrower has to give five business days notice of repayment, not two. If I had bought it on the SM at say 2% or 3% recently I would be a bit miffed. It seems a number of recent loans are really not intended to run to term. Caveat emptor on the SM. If they miss the 19th it will be another month's interest. What would be the estimated return if people had done that on the SM, roughly?
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Post by MoneyThing on Jul 17, 2017 18:39:36 GMT
Please MoneyThing could you say whether the Legals on this Loan/Transaction are being handled by a Firm of Solicitors in Scotland or by a Firm of Lawyers in England? Thanks. Scottish firm. Regards, Ed.
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macq
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Post by macq on Jul 17, 2017 18:46:41 GMT
Trading suspended on the SM and nothing in the admin notes, though the borrower has to give five business days notice of repayment, not two. If I had bought it on the SM at say 2% or 3% recently I would be a bit miffed. It seems a number of recent loans are really not intended to run to term. Caveat emptor on the SM. If they miss the 19th it will be another month's interest. What would be the estimated return if people had done that on the SM, roughly? do people think is there a case for the SM to trade at par now? or is it a case of people looking to flip a loan verses people who may want cash flow for some reason
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