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 Apr 12, 2017 12:14:01 GMT
I've got no idea on this one, am finding meaningful DD difficult so my gut feeling is "Risky".
Anyone got any input?
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ilmoro
Member of DD Central
'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 Apr 12, 2017 13:32:32 GMT
I've got no idea on this one, am finding meaningful DD difficult so my gut feeling is "Risky". Anyone got any input? No, total blank here If only there was someone we could ask for help. Someone with godlike powers of due diligence and remorseless in tracking down borrowers, someone so revered by their peers they'd give them a little badge, and someone so cool they would have to drink fiery liquid to stay alive and have a snowball for a badge. but alas no such person exists, so Im going to have a G&T and try that Google thing again.
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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 Apr 12, 2017 13:45:47 GMT
I'm having one of those days where I can't concentrate nor think clearly, always a good idea not to invest when experiencing such a day!  |
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nd
Member of DD Central
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Post by nd on Apr 12, 2017 14:23:10 GMT
The unit that is occupied is valued at £75k plus there's 125 yrs of ground rent valued at a £50k. That's 66% of the 1st tranche covered without including the other 4 units . As long as the work is properly signed off before releasing the next tranches, and there's no reason to think otherwise, then I can't see why it's any riskier than other development loans.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,831
Likes: 11,059
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Post by ilmoro on Apr 12, 2017 14:26:42 GMT
Compare and contrast. Loan particulars: Exit The exit to be completed within 6 months and will come from the sale of each unit. Valuation document: We are aware that a number of the (other) flats have been on the market for between £70,000 and £85,000 over the last 3 years. Some of the flats nearby/other block have got sales showing on Z & RM, prices 90k (STC), 82k (double) £55k (for no15 Jan 16), singles £67 & 65k. [Cant verified 15 on LR]
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nush
Member of DD Central
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Post by nush on Apr 12, 2017 14:27:58 GMT
no too far from me and i drive past it fairly often. i will be in at the start
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Post by steelspanner on Apr 12, 2017 14:37:51 GMT
I've got no idea on this one, am finding meaningful DD difficult so my gut feeling is "Risky". Anyone got any input? No, total blank here If only there was someone we could ask for help. Someone with godlike powers of due diligence and remorseless in tracking down borrowers, someone so revered by their peers they'd give them a little badge, and someone so cool they would have to drink fiery liquid to stay alive and have a snowball for a badge. but alas no such person exists, so Im going to have a G&T and try that Google thing again. If this person existed they would be some cool dude.
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elliotn
Member of DD Central
Posts: 3,063
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Post by elliotn on Apr 12, 2017 15:25:43 GMT
No, total blank here If only there was someone we could ask for help. Someone with godlike powers of due diligence and remorseless in tracking down borrowers, someone so revered by their peers they'd give them a little badge, and someone so cool they would have to drink fiery liquid to stay alive and have a snowball for a badge. but alas no such person exists, so Im going to have a G&T and try that Google thing again. If this person existed they would be some cool dude. Problem is cool dudes have better things to do 😭 (unless it's made in Chelsea 👊🏻).
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fp
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Post by fp on Apr 12, 2017 19:30:34 GMT
I've dodged this one, the project seems to have been on-going for quite some time, I cant decide if its because they are struggling to sell the properties or because the staff on site are too busy having a beer in the bath to get the work done in a timely manner. That said, this developer (if my information is correct) has a habit of dragging his feet with developments, which has already been pointed out on another platforms board on here.
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ben
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Post by ben on Apr 12, 2017 21:05:45 GMT
Not one for me this, borrower does not have a stellar history, prices a bit hit and miss, not that good an area, and not quite sure collateral have the neccasory skills to keep him on track. So my bondmason money will need to find a another new home.
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Post by spareafewcoppersguv on Apr 13, 2017 16:28:19 GMT
Clearly many aren't overly concerned as virtually all gone already.
edit: all gone!
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ben
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Post by ben on Apr 14, 2017 13:19:28 GMT
Clearly many aren't overly concerned as virtually all gone already. edit: all gone! People just see the rate and ignore the risk. 12% flies out the day yet a lower risk 10% hangs around.
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elliotn
Member of DD Central
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Post by elliotn on Jul 21, 2017 11:15:14 GMT
Hi Collateral Rep, so that investors may accurately assess progress (for your first listed development loan), could you please upload QS and latest photos please, many thanks. |
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Post by Collateral Rep on Jul 21, 2017 11:30:26 GMT
Hi elliotn, I've added the images as a PDF, they were there on the slider. Many thanks, Gordon |
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elliotn
Member of DD Central
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Post by elliotn on Jul 21, 2017 13:37:15 GMT
Hi elliotn, I've added the images as a PDF, they were there on the slider. Many thanks, Gordon Many thanks, seemed the carousel seemed up to date, do you have any update from the QS please?
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