mikeh
Member of DD Central
Posts: 499
Likes: 370
|
Post by mikeh on Mar 30, 2018 9:52:56 GMT
Some serious overnight activity here. I got £500 back that I wasn't expecting for a while.
Investor Amount Date
g***n £15.00 30/03/2018 09:45:04
h***d £5,000.00 30/03/2018 08:28:43
b***7 £16.00 30/03/2018 00:43:58
b***s £73,984.00 29/03/2018 23:51:48
m***0 £50.00 29/03/2018 14:54:26
h***e £9.00 28/03/2018 20:29:31
r***p £150.00 27/03/2018 13:04:00
b***l £10.00 26/03/2018 22:29:31
j***s £3.00 26/03/2018 20:00:12
a***r £49.00 26/03/2018 15:00:50
|
|
jcb208
Member of DD Central
Posts: 821
Likes: 608
|
Post by jcb208 on Mar 30, 2018 10:52:03 GMT
My parts were sold as well last night, not much new investment opportunities are coming through with MT at present
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on May 9, 2018 18:57:12 GMT
Positive update.
Looks set to repay a little early
|
|
jlend
Member of DD Central
Posts: 1,817
Likes: 1,444
|
Post by jlend on Jun 10, 2018 22:03:15 GMT
Positive update. Looks set to repay a little early Yep. Positive that refinance is being pursued as it feels like the sales of the homes and plots have been slow, at least that is what i assume as there has been little in the way of updates on sales sufficient to repay the loan by term.
|
|
|
Post by queenvictoria on Jun 12, 2018 13:23:16 GMT
MT is this sale of equity still ticking along nicely? One month ago the estimated timetable was 3 months to complete but borrower and prospective investor were both pushing for sooner - how does the timetable look now? Thanks
|
|
jlend
Member of DD Central
Posts: 1,817
Likes: 1,444
|
Post by jlend on Jun 29, 2018 12:50:07 GMT
Putting aside the potential equity investor
4 or 5 building plots, 29 lodge plots
Loan has been going since April 2017
Aug - talk of first lodge sale but never confirmed Sep - no info on any sales of plots or lodges Oct - 2 lodges on site - no info on any sales Nov - no info on any sales of plots or lodges Dec - no info on any sales of plots or lodges Jan - no info on any sales of plots or lodges Feb - exchange of one unit (assume building plot) Mar - no info on any sales of plots or lodges Apr - no info on any sales of plots or lodges May - no info on any sales of plots or lodges June - no info on any sales of plots or lodges
It is difficult to judge how many sales have completed in terms of lodges or building plots from the updates. There may have been more than the updates suggest. There is only mention of 1 plot and 1 lodge progressing.
There are a couple of new lodges on rightmove that have been there since last year - links on DD Central - that appear to be from this park
Hopefully things are progressing in the background regarding sales of lodges and plots for the borrower.
Loan is due to repay in 4 months
|
|
jlend
Member of DD Central
Posts: 1,817
Likes: 1,444
|
Post by jlend on Jul 23, 2018 10:28:50 GMT
Hi MoneyThing Is this loan still due to repay in August as per the May update on the website ? Could you provide some stats on the number of lodges and building plots sales ?
|
|
|
Post by mrclondon on Sept 11, 2018 15:05:57 GMT
Photos taken 11am Wed 5th Sept The original properties alongside the main road have been demolished, and a digger was at work in the field behind the house plots which is where the residential park extension is being developed. Not the easiest one to obtain any meaningful photographs I'm afraid !
|
|
jlend
Member of DD Central
Posts: 1,817
Likes: 1,444
|
Post by jlend on Sept 12, 2018 10:34:38 GMT
mrclondon I don't suppose you saw the two park homes that they said were on site back in the October 2017 update?
|
|
james21
Member of DD Central
Posts: 651
Likes: 669
|
Post by james21 on Sept 12, 2018 18:17:32 GMT
Another MT lemon by the looks of it. goodness knows they seem to attract them
|
|
jlend
Member of DD Central
Posts: 1,817
Likes: 1,444
|
Post by jlend on Sept 12, 2018 19:14:22 GMT
Another MT lemon by the looks of it. goodness knows they seem to attract them I do think the sales progress information on lodges and building plots has been lacking... not withstanding the borrower is now talking about other methods of repaying the loan. Of course the new exit strategy may well pay off, but the fall back of lodge and plot sales looks like it would take some time...
|
|
|
Post by mrclondon on Sept 12, 2018 19:21:49 GMT
mrclondon I don't suppose you saw the two park homes that they said were on site back in the October 2017 update? This is a blow up of the top left corner of the 2nd photo above. This is (I'm fairly certain) the field (ex nursery) behind the house plots ... so thats 2 units and the current google satellite which was before the demolition of the old houses shows 1 unit at the far side of the field (along with a load of bases). Whether the lack of approval (as per the planning portal) of the planning conditions discharge required before the first unit was sited is important (for refinance or sale purposes) remains to be seen. I sold out of the loan as soon as MT reported that units had been delivered to site, it was too risky for me without confirmation that approval of the condition discharge application had been granted.
|
|
averageguy
Member of DD Central
Posts: 1,165
Likes: 841
|
Post by averageguy on Oct 2, 2018 8:54:06 GMT
Update time MT?
|
|
averageguy
Member of DD Central
Posts: 1,165
Likes: 841
|
Post by averageguy on Oct 5, 2018 11:37:12 GMT
|
|
|
Post by queenvictoria on Nov 8, 2018 14:56:31 GMT
Presumably the refinance is completing tomorrow (Friday 9th)? The end date shown is now the 10th but being a Saturday I don't suppose it will complete on that day. Confirmation from MT that we are expecting it to be tomorrow (or if not, not and when) would be helpful.
|
|