littonowl
Member of DD Central
Posts: 398 
Likes: 355
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Post by littonowl on Nov 24, 2016 11:28:47 GMT
Very good news that MT now has first charge on P*****y.
I've read the project synopsis and can see that good progress is seemingly being made in preparation for the submission of the planning application in December, but I can't seem to see anywhere what the exit plan / plan B is, should the planning application fail in April next year?
I'm aware that there have already been precedents set with similar developments already granted in the area, (so hopefully the above scenario is perhaps unlikely) but with the final tranche due to be offered tomorrow, I'd just like to put my mind at ease on this issue before increasing my investment here...
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Post by MoneyThing on Nov 24, 2016 11:50:07 GMT
Very good news that MT now has first charge on P*****y. I've read the project synopsis and can see that good progress is seemingly being made in preparation for the submission of the planning application in December, but I can't seem to see anywhere what the exit plan / plan B is, should the planning application fail in April next year? I'm aware that there have already been precedents set with similar developments already granted in the area, (so hopefully the above scenario is perhaps unlikely) but with the final tranche due to be offered tomorrow, I'd just like to put my mind at ease on this issue before increasing my investment here... Morning littonowl, See the 3rd post down here: p2pindependentforum.com/thread/7031/mtai576Kind regards, Ed
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Nov 24, 2016 12:17:21 GMT
Thanks very much Ed, looks like most of the bases are covered then!  |
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gurberly
Member of DD Central
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Post by gurberly on Nov 25, 2016 12:44:25 GMT
Hiya MoneyThing.
A quick check ... is there any bid limit on this final tranche? Can't see one on the website but wanted to check in case it was added later!
Regards
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Post by MoneyThing on Nov 25, 2016 13:22:14 GMT
Hiya MoneyThing .
A quick check ... is there any bid limit on this final tranche? Can't see one on the website but wanted to check in case it was added later!
Regards Afternoon, No bid limits on this tranche (the last tranche took >24hrs to fill so should be plenty of opportunity). Kind regards, Ed
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hazellend
Member of DD Central
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Post by hazellend on May 3, 2017 16:58:29 GMT
Status update - Likely to repay in May.
Disappointed but also pleased, another great loan.
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Post by lolly88 on May 21, 2017 14:57:54 GMT
Is this still going to repay this month?
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Post by MoneyThing on May 21, 2017 15:11:58 GMT
Is this still going to repay this month? The latest update from the borrower is that this will likely drag into early next month (June). They have another meeting with the purchasers (including their respective solicitors & accountants), on Tuesday where they aim to finalise the date of the share sale. I will update lenders as soon as I have a firm date. Regards, Ed.
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