sildenafil
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Post by sildenafil on Aug 12, 2017 9:34:51 GMT
What do we think will be recovered for the investors in tranche B, which paid 13% interest? The full order of repayments is based on the following structure, as stated in the loan particulars:
1) Tranche A capital
2) Tranche B capital
3) BPF first loss investment capital
4) Tranche A accrued interest
5) Tranche B accrued interest
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elliotn
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Post by elliotn on Aug 12, 2017 9:47:49 GMT
6 No idea.
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Post by mrclondon on Aug 12, 2017 10:34:54 GMT
Also no idea at this stage. Whilst I voted for 100% recovery for the "A" tranches with confidence, the extent of the recovery of the "B" tranches will depend largely on the strategy the administrators decide to persue, i.e. sell as is vs raise funds and build out to completion vs any other strategy
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GeorgeT
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Post by GeorgeT on Aug 12, 2017 10:40:59 GMT
Step in and build out looks like yielding the best outcome in the long run but it will be a long run to get all of that organised and financed and so on. If the administrators try to keep all the fees and time down by selling on what we have then I would expect a quite sizeable loss on tranche B. My state of mind as a Tranche B investor is that I will be doing cartwheels down the road if I get any of my capital back. However this worst case scenario will be greatly softened by the fact that I have been receiving 13% interest on that money for 11 months.
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