sapphire
Member of DD Central
Posts: 483
Likes: 400
|
Post by sapphire on Apr 8, 2019 18:13:37 GMT
ablrate Today's email mentions an addendum being added but the most recent addendum I can find under 'Documents' is the one dated 28 March 2019. Please could you clarify the title of the one added today.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Apr 9, 2019 7:56:51 GMT
ablrate Today's email mentions an addendum being added but the most recent addendum I can find under 'Documents' is the one dated 28 March 2019. Please could you clarify the title of the one added today. There's not a document I can find - the latest addendum I could find was 19 March. Are were not still awaiting the response to the survey on 20 March, about funding development?
|
|
sapphire
Member of DD Central
Posts: 483
Likes: 400
|
Post by sapphire on Apr 16, 2019 11:43:54 GMT
ablrate Today's email mentions an addendum being added but the most recent addendum I can find under 'Documents' is the one dated 28 March 2019. Please could you clarify the title of the one added today. There's not a document I can find - the latest addendum I could find was 19 March. Are were not still awaiting the response to the survey on 20 March, about funding development?
Indeed, the response to their survey on 20th March is still awaited. blender , The addendum dated 28th March 2019 is titled "201903 Addendum Page - PLEASE READ" in the Documents tab. It would be helpful if ablrate consistently included the full date of posting in the "Documents" title list. Possibly ablrate 's email dated 8th April was referring to their update of 28th March?
|
|
sapphire
Member of DD Central
Posts: 483
Likes: 400
|
Post by sapphire on May 15, 2019 7:56:59 GMT
ablrate , Is this loan expected to be repaid on the maturity date (just four days away on 19 May)? An update would be helpful.
|
|
|
Post by supernumerary on May 17, 2019 19:47:08 GMT
ablrate , Is this loan expected to be repaid on the maturity date (just four days away on 19 May)? An update would be helpful. From Ablrate;"...confirmed that they shall make both interest payments (due on the 19th & 20th), on Monday the 20th May to lenders as well as provide an update to you all."
|
|
sapphire
Member of DD Central
Posts: 483
Likes: 400
|
Post by sapphire on May 20, 2019 20:19:11 GMT
ablrate , Is this loan expected to be repaid on the maturity date (just four days away on 19 May)? An update would be helpful. From Ablrate;"...confirmed that they shall make both interest payments (due on the 19th & 20th), on Monday the 20th May to lenders as well as provide an update to you all." The entry in Admin Notes dated today states "One cash flow has been added as per the email reference these loans." Has anyone received an email today? Does this contain the update promised by Ablrate?
|
|
|
Post by Ace on May 20, 2019 20:47:03 GMT
From Ablrate;"...confirmed that they shall make both interest payments (due on the 19th & 20th), on Monday the 20th May to lenders as well as provide an update to you all." The entry in Admin Notes dated today states "One cash flow has been added as per the email reference these loans." Has anyone received an email today? Does this contain the update promised by Ablrate? No email here, but did receive the interest payments.
|
|
sapphire
Member of DD Central
Posts: 483
Likes: 400
|
Post by sapphire on May 22, 2019 11:21:15 GMT
ablrate , Is this loan expected to be repaid on the maturity date (just four days away on 19 May)? An update would be helpful. From Ablrate;"...confirmed that they shall make both interest payments (due on the 19th & 20th), on Monday the 20th May to lenders as well as provide an update to you all." ablrate When can we expect the update promised for 20th May?
|
|
ptr120
Member of DD Central
Posts: 1,197
Likes: 1,346
|
Post by ptr120 on May 28, 2019 11:45:05 GMT
Hi ablrate I believe that we were expecting an update on these loans a week ago - anything for me to worry about?
|
|
sapphire
Member of DD Central
Posts: 483
Likes: 400
|
Post by sapphire on May 30, 2019 6:24:47 GMT
From Ablrate;"...confirmed that they shall make both interest payments (due on the 19th & 20th), on Monday the 20th May to lenders as well as provide an update to you all." ablrate When can we expect the update promised for 20th May? ablrate has been responding to posts on other threads so their (continued) lack of a response on this one is disappointing and puzzling. Should one be concerned?
|
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on May 30, 2019 8:57:40 GMT
Silence from a platform is always troubling, they are rarely silent when the news is good. Let's hope that is not the case here.
|
|
|
Post by westcountry on May 30, 2019 10:05:39 GMT
Silence from a platform is always troubling, they are rarely silent when the news is good. Let's hope that is not the case here. ablrate, I've also noticed on the platform that both loans have been extended by a month (to 19th/20th June), without an e-mail notification or admin note. In future would you mind notifying lenders if you extend loans, please? And the lack of the 20th May update is concerning, I would be grateful if you could update lenders as to what's happening with these loans as soon as you can, please.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 30, 2019 12:09:47 GMT
Silence from a platform is always troubling, they are rarely silent when the news is good. Let's hope that is not the case here. Quite so, and if it is true that these loans have been quietly extended by a month that would suggest that any news is not good. Perhaps the update is just delayed while it is being polished. Loan 80 was drawn down on 29 Sep 2017, for min 6 months and max 10 months. It has now been extended to 21 months. This was a bridging loan running until development finance could be found elsewhere. Obviously not quite there yet. Unusually there is a minimum 99% on the SM, and so lenders are locked in this one.
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on May 30, 2019 12:13:17 GMT
We might be looking at another extension. I wouldn’t mind. I’m a lot more confident about developments where the borrower has invested a decent chunk of their own money.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 30, 2019 13:59:05 GMT
The question is, given that the 80 and 98 money has been invested in the project and the interest/fees, and the developer has put in cash expecting that work to justify a refinance of the existing lending, how much extra cash is needed for the development phase before sales can reduce the debt requirement, where is the cash coming from, and if our loans are continued where is the security for the extra cash required?
|
|