andyp
Stubborn Yorkshireman from the rhubarb triangle
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Post by andyp on Jun 27, 2017 15:58:43 GMT
Tranche 3 has been repaid too, it would appear to have been paid by a new whole loan tranche 3
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
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Post by andyp on Jun 20, 2017 16:02:36 GMT
Tranche 1 has now been repaid including the extra interest which looks right to me
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on Jun 16, 2017 11:48:57 GMT
Cue fanfare...
Only 255 days late we bring you
Short term loan in Borehamwood 1 Short term loan (38508) £490,000, 4 months, 10%, B, 77% LTV
There are also lots of updates on other delinquent property loans.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
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Post by andyp on Jun 12, 2017 16:46:42 GMT
It would seem that way, but FC do tend to talk in riddles sometimes.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
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Post by andyp on Jun 12, 2017 15:55:58 GMT
Possible good news, but we have been here before.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on Jun 1, 2017 9:43:02 GMT
What a surprise, the loan our mega efficient Director Mr M holds on a personal basis with what I take to be his wife has hit a further snag. For clarity the Middlesex loan was a 6 month refinance of an earlier 12 month loan that ran 3 months late (A+ ha, ha, ha). This guy is a one man delinquency issue.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
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Post by andyp on May 26, 2017 11:18:39 GMT
Isn't it reassuring that FC's highly experienced property team are managing this with their usual efficiency.
Keen watchers will recall that the last equity injection took three and a half months to arrive.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on May 24, 2017 15:01:41 GMT
At least the property is on a nice hillside so it is only surface water flooding they are dealing with and not wide area inundation. One would hope this is much more feasible to remediate against?
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on May 24, 2017 12:33:32 GMT
If only they had a user forum they could broadcast it on.........
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on May 19, 2017 16:34:24 GMT
Fashionably late as usual. They seem to be assuming the valuation will be ok, I hope they are right. I wonder what the rate will be on the new loan, having run nearly 8 months late on a 6 months loan one might expect it to be higher than the previous 10%
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on May 17, 2017 20:44:38 GMT
It might be pertinent to ask FC what the application form stated about ownership as it would seem either FC d/d has failed or someone may have made a fraudulent application.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
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Post by andyp on May 16, 2017 17:48:20 GMT
FC said that after their spineless closure of their own forum they would monitor this one. Well whoever is the lucky monitor would you please apply a boot to the backside of your experienced floundering property team and remind them that yet again they have failed to achieve their own stated goals.
Thank you
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Funding Circle (FC)
Hounslow
May 12, 2017 17:47:47 GMT
Post by andyp on May 12, 2017 17:47:47 GMT
Here are the Friday 6.05pm pubwatch updates
Tranches 1-7 have received this comment (I have included earlier for context)
Tranches 8 & 9 are not quite overdue yet (due 14/5 & 30/5 respectively, they got this comment..
I guess it is reasonably positive, as the borrowers seemingly have had funds available prior to the refinance. It is disappointing though that FC could not be arsed quantifying which tranche(s) should be repaid on Monday, but is typical of the FCFU approach.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Funding Circle (FC)
E-Alert!
May 11, 2017 16:09:38 GMT
fasty likes this
Post by andyp on May 11, 2017 16:09:38 GMT
36852 £139k 50% gone in first 5 minutes.
EDIT: All gone in 20 mins
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
Likes: 115
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Post by andyp on May 3, 2017 16:12:43 GMT
Cheshire 1 33870 12 month loan just repaid before second repayment, presumably they sold one or more of the houses. There are five subsequent tranches that will presumably repay before too long.
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