cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Jan 12, 2017 17:56:41 GMT
“I gather they bought it in 2014 from P**** Taverns after some gang-related issues in the area. Just wondered if you can give us any idea what price was paid? “
Blimey Dude, you are one informed M*****F****r, sharp isn't the word for it “83% ltv vs 90 day mv & -ve value for development (using standard build costing in vr) - still, ss would have shown this as 8.8% ltv vs gdv.”
I couldn’t possibly comment elliottm I was think of investing, and always like to know what I'm investing in I can tell you it was bought (presumably by the borrowers here) for 20k. However, I should add that that P**** Taverns were selling off their properties dirt cheap at this stage; for comparison, in 2012 P**** Tavern tried to sell the site for 135k. In any case, 20k! Some things that irk me... > The VR notes that it couldn't internally inspect the premises ( why?) > If I have the borrower correct (K.S E********** NORTH WEST LTD) one of the ex-directors of the borrowers has connections to the director @ Collateral
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Jan 12, 2017 18:09:33 GMT
Jesus, don't get me going on VRs again, I don't think I'll ever trust another one ......................
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gurberly
Member of DD Central
Posts: 168
Likes: 98
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Post by gurberly on Jan 12, 2017 19:25:36 GMT
deleted - sorry mispost
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guff
Posts: 730
Likes: 707
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Post by guff on Jan 12, 2017 19:41:22 GMT
Jesus, don't get me going on VRs again, I don't think I'll ever trust another one ...................... Virtual Reality?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Jan 12, 2017 22:11:55 GMT
"In jesting, the truth", or some such saying Guff!
Sincerely though, RICS needs to get a serious grip and consider expelling one or more Members for reasons that thee, me, and a few others are aware of.
But that'll never happen will it, the Perpetrator gets the Protection in these PC times.
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ding
Member of DD Central
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Post by ding on Jul 12, 2017 9:05:31 GMT
Renewed for 6 months, now named BL00045
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GeorgeT
Member of DD Central
Posts: 1,321
Likes: 1,575
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Post by GeorgeT on Jul 12, 2017 15:54:37 GMT
Quite a bit of SM availability following the renewal. I've just dipped a toe.
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Post by valuehunter on Jul 15, 2017 15:04:08 GMT
Quite a bit of SM availability following the renewal. I've just dipped a toe. Seems to be shifting slowly...I'm guessing the dodgy VR is putting many off
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Post by Collateral Rep on Jan 11, 2018 9:50:36 GMT
Morning,
This loan has now been repaid.
Many thanks,
Gordon
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