elliotn
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Post by elliotn on Dec 17, 2017 9:44:49 GMT
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Post by mrclondon on Dec 18, 2017 20:19:45 GMT
Bizarrely the MT updates seem rather sparse even when there is good news. The hotel chain's website has been advertising opening on 18th December (today) for a good number of weeks, and their facebook page and twitter feed both confirm that they opened the doors on the 15th and they posted a photo 6 hours ago of the first guest checking in today.
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jlend
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Post by jlend on Jan 13, 2018 10:06:19 GMT
MoneyThing the update about 3 months ago in October said the borrow had received a refinancing offer and was negotiating terms. Is this loan now close to being repaid? Thanks
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averageguy
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Post by averageguy on Jan 25, 2018 21:15:13 GMT
MoneyThing the update about 3 months ago in October said the borrow had received a refinancing offer and was negotiating terms. Is this loan now close to being repaid? Thanks Any chance of a reply MONEYTHING
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drgonzo
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Post by drgonzo on Jan 30, 2018 19:12:07 GMT
This hotel has been open since December, and reviews on-line are good (although apparently the breakfasts could be better!)... but no update from MT since 16/10/17 when "The development work is now in its final stages".
I'm becoming quite annoyed at the lack up updates from MT in general - it's understandable (though not excusable) when things aren't going well, but you would think they would want to update lenders that a development project had been successfully completed and is now in use. Apparently not.
Come on MT, don't get complacent!
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agent69
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Post by agent69 on Feb 4, 2018 19:42:14 GMT
So how does all of this stack up? We gave the developer a load of money, he built the hotel and HIE have moved in. - Have H*E bought the building? If so why hasn't the loan been repaid.
- If H*E haven't bought the building what happens if the loan defaults. Do MT reposes the building and kick HIE out?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 4, 2018 19:52:53 GMT
So how does all of this stack up? We gave the developer a load of money, he built the hotel and HIE have moved in. - Have H*E bought the building? If so why hasn't the loan been repaid.
- If H*E haven't bought the building what happens if the loan defaults. Do MT reposes the building and kick HIE out?
IIRC the borrower refinances the loan to a mainstream provider within the next few months based on the fact that they've got a quality tenant.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 4, 2018 19:55:10 GMT
So how does all of this stack up? We gave the developer a load of money, he built the hotel and HIE have moved in. - Have H*E bought the building? If so why hasn't the loan been repaid.
- If H*E haven't bought the building what happens if the loan defaults. Do MT reposes the building and kick HIE out?
The borrower is a franchisee of HIE afaik. The borrower owns the hotel building and the unconverted part with his father.
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jlend
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Post by jlend on Feb 5, 2018 14:10:39 GMT
I'm sure if MT has heard anything on the refinance they would have updated their website as they mentioned the progress in October.
I'm sure some progress will have been made in what is coming up to 4 months since the last update so we may get an update in February.
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johni
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Post by johni on Feb 5, 2018 14:45:43 GMT
As the opening was delayed until mid December then trading information will have been delayed this may be the delay in the refinancing.
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Post by elephantrosie on Feb 5, 2018 23:51:09 GMT
no reply from MT
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jlend
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Post by jlend on Feb 9, 2018 17:42:14 GMT
Did you get any feedback from MT in the end?
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Post by elephantrosie on Feb 10, 2018 9:47:07 GMT
i did not follow up on this as i am not in this loan. so no to your answer.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 17, 2018 14:19:15 GMT
MoneyThing Is 128 in latest pipeline related to this loan?
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Post by MoneyThing on Feb 17, 2018 14:23:37 GMT
MoneyThing Is 128 in latest pipeline related to this loan? Afternoon. They are unrelated. Regards, Ed
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