jlend
Member of DD Central
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Post by jlend on Aug 16, 2018 7:27:43 GMT
There has not been any substantive update on this loan since the start of May.
It would be good to know what has been going on over the last 3 months
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78
Posts: 76
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Post by 78 on Oct 4, 2018 3:16:13 GMT
TC matching loan remains in default with interest payments about six months overdue. The planning officer has just confirmed "The application is expected to be concluded within the next few weeks, under delegated powers." I take this to mean that they expect to pass the planning application in a few weeks time under delegated powers subject to satisfactory resolution of any outstanding issues by the borrower. The project is massively behind schedule with no reasonable prospect of meeting the repayment deadline from the exit route originally proposed. There has been no explanation of the fact that TC/MT do not have first charges and the developer has only purchased part of the land paying £100K and taking on substantial liabilities and the fact that the valuer was at the time of the valuation a company which had already been struck off. MT repeated updates fail to address the many problems.
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andy1
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Post by andy1 on Oct 17, 2018 8:56:15 GMT
And now officially non-performing...
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averageguy
Member of DD Central
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Post by averageguy on Nov 18, 2018 13:25:07 GMT
MT...update overdue?
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78
Posts: 76
Likes: 83
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Post by 78 on Nov 18, 2018 18:12:49 GMT
Last payment on TC covered part of the February Interest no payments on TC for March to October interest, over 9 months in default on TC.
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averageguy
Member of DD Central
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Post by averageguy on Nov 21, 2018 18:06:49 GMT
Update on site
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Post by spareapennyor2 on Jan 2, 2019 7:57:02 GMT
companies house email today
08 Jan 2019 First Gazette notice for compulsory strike-off
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ganymede
Member of DD Central
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Post by ganymede on Jan 2, 2019 8:56:36 GMT
Loan moved to completed Loans. This may just be automatic having reached the end date. Awaiting some feedback from MoneyThing if being repaid or something else.
Login for update - extended couple of days.
Edit: I'm sure the end date has been changed from 5th Jan 2019 to 8th Jan 2019. No update so far from MoneyThing.
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averageguy
Member of DD Central
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Post by averageguy on Jan 8, 2019 10:15:55 GMT
Update on site
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Post by Badly Drawn Stickman on Jan 8, 2019 10:20:06 GMT
Arguably more of a movedate.
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Post by ladywhitenap on Jan 22, 2019 10:08:51 GMT
MoneyThing Do we have any news on the planning decision due yesterday? LW
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Post by mrclondon on Jan 24, 2019 17:22:09 GMT
According to Bradford's planning portal, the 2017 reserved matters planning application was approved today, Thurs 24th Jan 19.
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averageguy
Member of DD Central
Posts: 1,165
Likes: 841
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Post by averageguy on Feb 1, 2019 21:50:17 GMT
Update on site
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Post by ladywhitenap on Apr 4, 2019 9:30:03 GMT
MoneyThingThe repayment date on your website of 9/4/19 does not seem at all credible with the latest update 29/3/19 "Following the distribution of the sales particulars to K****t F****’s (KF) database, there has been a number of parties expressing interest in the site. A few of the parties are currently undertaking their own due diligence with a view to confirming their interest. KF have suggested reviewing the position at the end of next week and whether it is then an appropriate time for the site to go on the open market." Please can you inject some degree of realism for the benefit of your investors? Thank you LW
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Post by ladywhitenap on Apr 4, 2019 11:49:47 GMT
Update notifying an extension to end April now on the website.
Thanks
LW
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