littonowl
Member of DD Central
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Post by littonowl on Mar 24, 2017 10:52:07 GMT
Can't find a thread on this loan but as it wasn't mentioned in the Pipeline, and is due to redeem in 6 days time, thought I'd raise the question here.
On 6th of this month an update on MT advised:
The borrowers continue to await the planning decision including the adjacent site, which was expected by the end of February. The planning officer who was dealing with the decision is off on long term sick leave, and the borrowers are still waiting for the application to be reallocated to another officer. They are chasing the council regularly.
So has there be any news from the Council? Presuming not, is the loan to be rolled over for another 6 months? TIA.
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Post by bengilbert on Mar 24, 2017 10:57:48 GMT
Can't find a thread on this loan and apologies if its been covered elsewhere, but as it wasn't mentioned in the Pipeline, and is due to redeem in 6 days time, thought I'd raise the question here. On 6th of this month an update on MT advised: The borrowers continue to await the planning decision including the adjacent site, which was expected by the end of February. The planning officer who was dealing with the decision is off on long term sick leave, and the borrowers are still waiting for the application to be reallocated to another officer. They are chasing the council regularly.So has there be any news from the Council? Presuming not, is the loan to be rolled over for another 6 months? TIA. We're speaking to the borrowers today to establish the latest as they recently had a meeting with the council. There has been no decision on the application as yet so I expect we'll be looking at another extension, subject to what the latest update from the borrowers is. I'll post again once we've spoken with them.
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Mar 24, 2017 11:26:57 GMT
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Post by bengilbert on Mar 24, 2017 16:11:55 GMT
The planning officer who had been dealing with the borrowers' application and was on long-term sick leave has recently returned to work. The borrowers have spoken to her and she is hopeful that she will be able to come back with comments next week but it seems unlikely that any decision will be made next week. We will therefore either be extending the loan or will rebuy it from investors on the due date (30 March). We'll confirm the decision on this at the beginning of next week.
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SteveT
Member of DD Central
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Post by SteveT on Mar 24, 2017 16:13:54 GMT
A vote for extension from me!
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mtb9
Posts: 48
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Post by mtb9 on Mar 24, 2017 16:16:54 GMT
I second that.
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ganymede
Member of DD Central
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Post by ganymede on Mar 27, 2017 14:24:25 GMT
I think I just got a renew button added to this.
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ganymede
Member of DD Central
Posts: 299
Likes: 207
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Post by ganymede on Mar 28, 2017 11:20:44 GMT
Email received extending for 3months, becomes BPF702.
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