am
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Post by am on Dec 14, 2016 13:45:38 GMT
The refinance for these loans has appeared at SS, with a statement that they expect to float the loan before Christmas. Rate 11%, rather than the 13%/14% that we're getting, but it will be - if I skimmed the overview correctly - a development loan rather than a bridging loan, and a first charge rather than a second charge,
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mikeh
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Post by mikeh on Dec 14, 2016 14:00:37 GMT
Yep. Another juggling act coming up.
AIUI we get interest at least up to 18/01/17.
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gt94sss2
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Post by gt94sss2 on Dec 23, 2016 10:33:36 GMT
SS said earlier this week they now don't expect this one to go live on thier platform until "early 2017".
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fp
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Post by fp on Dec 23, 2016 13:20:05 GMT
I would suspect that the borrower will keep it with MT until near to the end of the initial term if there is a minimum term of interest to pay on the loan, it makes bad business sense to do it any other way, unless they are in desperate need of another drawdown.
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averageguy
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Post by averageguy on Jan 11, 2017 20:20:37 GMT
An update on this would be welcomed
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Post by MoneyThing on Jan 12, 2017 9:19:19 GMT
An update on this would be welcomed Morning. We have just been requested an updated redemption statement from the new lender's solicitors calculated up to Friday 13th. Regards, Ed.
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Post by MoneyThing on Jan 12, 2017 12:13:35 GMT
An update on this would be welcomed Morning. We have just been requested an updated redemption statement from the new lender's solicitors calculated up to Friday 13th. Regards, Ed. ...now just updated to Monday 16th...
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averageguy
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Post by averageguy on Jan 12, 2017 17:32:14 GMT
Ta very much
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am
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Post by am on Jan 12, 2017 18:17:51 GMT
It's currently predicted to go live on SS on the 13th. I can imagine that repayment won't reach MT until the 16th, so the revised date may still be correct.
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star dust
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Post by star dust on Jan 12, 2017 18:52:41 GMT
MoneyThing - Ed, whilst your "IMMINENT REPAYMENT" notice on MTAG563 is commendable (as usual ) it seems to have got missed off of MTAG575 - not that there's any for sale like .
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Post by MoneyThing on Jan 12, 2017 19:13:27 GMT
MoneyThing - Ed, whilst your "IMMINENT REPAYMENT" notice on MTAG563 is commendable (as usual ) it seems to have got missed off of MTAG575 - not that there's any for sale like . Thanks - now added. I must admit that I imagined that a number of lenders would sell down their holdings to move over with it to the dark side other lender, hence the 'Imminent Repayment' addition. I am hopeful for everyone that the other Bradford loan will be going live on Monday/Tuesday so that there is something available upon repayment. Regards, Ed
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ali
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Post by ali on Jan 12, 2017 19:27:19 GMT
MoneyThing - Ed, whilst your "IMMINENT REPAYMENT" notice on MTAG563 is commendable (as usual ) it seems to have got missed off of MTAG575 - not that there's any for sale like . Thanks - now added. I must admit that I imagined that a number of lenders would sell down their holdings to move over with it to the dark side other lender, hence the 'Imminent Repayment' addition. I am hopeful for everyone that the other Bradford loan will be going live on Monday/Tuesday so that there is something available upon repayment. Regards, Ed MTAG575 in particular is well worth holding. 14% and guaranteed interest until 14/2/17. What's not to like?
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paulg
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Post by paulg on Jan 12, 2017 20:45:47 GMT
Thanks - now added. I must admit that I imagined that a number of lenders would sell down their holdings to move over with it to the dark side other lender, hence the 'Imminent Repayment' addition. I am hopeful for everyone that the other Bradford loan will be going live on Monday/Tuesday so that there is something available upon repayment. Regards, Ed MTAG575 in particular is well worth holding. 14% and guaranteed interest until 14/2/17. What's not to like? 4/2/17 I think, not 14th, but still 19 days free interest at 14%.
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Jeepers
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Post by Jeepers on Jan 16, 2017 13:55:53 GMT
Hi Ed MoneyThingWill this be paid back to investors today?
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Post by MoneyThing on Jan 16, 2017 15:26:44 GMT
Hi Ed MoneyThing Will this be paid back to investors today? Afternoon jeepers, Having just spoken to our solicitors, it looks like it is unlikely to happen today. Regards, Ed
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