Broadoak loan updates - February 2017
Feb 2, 2017 16:33:54 GMT
pepperpot, Jack Barlow, and 8 more like this
Post by bengilbert on Feb 2, 2017 16:33:54 GMT
B******l Road, Sandbanks (BPF543)
The borrowers continue to await the planning decision, which is now expected by the end of February.
Residential Development - Streatham (BPF585)
A second viewing is due Friday 3rd February. The prospective purchasers have just exchanged on the sale of their own property.
Sutton Coldfield Bridging Loan (BPF621)
The tenant has now moved in, and the borrower's application for a buy-to-let mortgage to refinance our loan continues to advance.
M***** H*** Development Loan (BPF407, 501, 526, 553, 584 & 600)
Works continue to progress on the main site. The borrower tells us that the January meeting with the planning department about the development site went well, and they now have the full support of the planners with consent expected to be received in the next 6-8 weeks.
W***n Hotel Development (BPF528, 571, 587, 622 & 631)
Work continues. A show room is expected to be completed by the end of the month.
Lut** Bridging Loan (BPF534)
The borrower has a meeting with the planning department on Friday 3rd February to discuss the updated plans which were submitted last month.
Residential development in Birk**** (BPF536, 537, 541, 542, 566, 567, 588 & 589)
Work continues. The expected completion date has been updated to the first week of April.
Residential Development in The Ho******, Sandbanks (BPF562, 574 & 598)
Discussions continue on the property sale, as the parties negotiate the details of the contract for our borrowers to complete the build after the sale. The borrowers expect the sale to complete this month.
Solihull Residential Development (BPF629)
No update (loan drew down in January)
Pershore Residential Refurbishment (BPF632)
No update (loan drew down in January)
The borrowers continue to await the planning decision, which is now expected by the end of February.
Residential Development - Streatham (BPF585)
A second viewing is due Friday 3rd February. The prospective purchasers have just exchanged on the sale of their own property.
Sutton Coldfield Bridging Loan (BPF621)
The tenant has now moved in, and the borrower's application for a buy-to-let mortgage to refinance our loan continues to advance.
M***** H*** Development Loan (BPF407, 501, 526, 553, 584 & 600)
Works continue to progress on the main site. The borrower tells us that the January meeting with the planning department about the development site went well, and they now have the full support of the planners with consent expected to be received in the next 6-8 weeks.
W***n Hotel Development (BPF528, 571, 587, 622 & 631)
Work continues. A show room is expected to be completed by the end of the month.
Lut** Bridging Loan (BPF534)
The borrower has a meeting with the planning department on Friday 3rd February to discuss the updated plans which were submitted last month.
Residential development in Birk**** (BPF536, 537, 541, 542, 566, 567, 588 & 589)
Work continues. The expected completion date has been updated to the first week of April.
Residential Development in The Ho******, Sandbanks (BPF562, 574 & 598)
Discussions continue on the property sale, as the parties negotiate the details of the contract for our borrowers to complete the build after the sale. The borrowers expect the sale to complete this month.
Solihull Residential Development (BPF629)
No update (loan drew down in January)
Pershore Residential Refurbishment (BPF632)
No update (loan drew down in January)