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Post by Ton ⓉⓞⓃ on Jul 16, 2015 18:08:30 GMT
Perhaps the latest version of the algorithm has a fencepost error - it's left £1.00 awaiting withdrawal again. What's the situation now? Has Conway converted your fencepost into a wind-turbine?
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Post by Ton ⓉⓞⓃ on Jul 15, 2015 14:54:26 GMT
Has the car showroom loan died a death, gone to that great car park in the sky?
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Post by Ton ⓉⓞⓃ on Jul 14, 2015 19:14:05 GMT
Mind if I ask where the 11 figure comes from? Latest Activity post ‘The Borrower’s parent company has a further eleven sites to roll out over the next year or so, and successful financing of this loan will facilitate the opportunity for further loans of this size from this source.'There was a similar statement made with the N.Irish WT, which was never drawn.
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Post by Ton ⓉⓞⓃ on Jul 13, 2015 10:35:11 GMT
A new release went live this morning which includes the following changes: - New 'Resource Centre' section - can be found under 'Quick Links'
'Quick links' being the very small unlabelled 3 bars in the top right corner of the dashboard next to account name. Probably me, but just taken quite a while to find where you meant. Any chance this button could be labelled ‘Quick links' to speed user navigation & site usability? Don't worry, when you're not logged in the "Quick Links" is at the top of the page, along with Investors, borrowers, contact. The only thing I noticed was the dates on the articles aren't consistent when you click thru' to the pdf. Also(?) there's nothing for this year.
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Post by Ton ⓉⓞⓃ on Jul 11, 2015 14:38:32 GMT
Or where it's a seasonal business filling up the buffer when the times are good and then "having a preplanned payment holiday" when times are quieter.
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Post by Ton ⓉⓞⓃ on Jul 11, 2015 9:50:04 GMT
500k in geia has been mentioned on a thread previously iirc. Back in Feb / March, I think, Stu of AC said Geia had broken thru the 1m barrier, which wasn't long after the 500k was gone thru.
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Post by Ton ⓉⓞⓃ on Jul 10, 2015 17:03:49 GMT
Conway WT has had the call now too.
Being 950k I don't think it will sell out too quick.
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Post by Ton ⓉⓞⓃ on Jul 9, 2015 18:50:25 GMT
I don't expect that you will be able to sell much of your locked in loans if you don't offer a discount. Fair point. I had mentally seperated the two parts, ie premium / discount and potentially impaired loans. Based on my wording though you comment is fair. I notice you say "premium / discount" I'm not convinced we will be able to put a premia on loan parts. I think when AC first started I think you could then, but that stopped a long time ago. The email only talked about a discount. Some think you should be able to put a premium on loans, my feeling is it can encourage short-termism. Perhaps when AC gets larger it might be appropriate within limits. I can see that it might help u/writers shift loans onto others who then try to sell using the premium to make a profit.
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Post by Ton ⓉⓞⓃ on Jul 8, 2015 18:48:38 GMT
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Post by Ton ⓉⓞⓃ on Jul 8, 2015 17:48:55 GMT
AC have the expertise, and I wish they would say what they would do if it was their money. Then we could benefit from their expertise, experience and much fuller knowledge of the loan and borrower's position. Or that AC would highlight some of the possible benefits or flaws of certain routes, there is a risk that it could be seen as advise which is later regarded as at fault. So perhaps AC could give some specimen cases of how in the past things were best negotiated & problems sorted so as to out to help the many newbies (like me) out there. Then again I could just go and read up about it...
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Post by Ton ⓉⓞⓃ on Jul 6, 2015 21:53:38 GMT
I'm wondering why they need £100,000 to obtain all the necessary permissions. Does anyone know where all the money will go? (I had been considering the possibility of a potential smaller scale site as investment for myself, and had reckoned that planning costs had to come in at under £10,000 to make it economic.) With the current proposal on AC about a solar farm for 100k, I think some of this has to be accumulated cost so far that the directors have taken on board personally, so this old cost will be transferred, effectively, to the new co. The majority must be new costs with perhaps 20%(?) unspent that will be paid back at refinance, I'm wondering if they will be able to draw the whole sum all at once or present bills to the AC trust for the money as needed. I assume they will not be paying the interest monthly out of the loan amount; but from their own income. One thing most of the WT's talk about is easements. An easement often needs to be agreed for you to use / access others land either to build/maintain the site OR for the power cables to be laid to a suitable point, sometimes cabinets or similar need to sited for meters & connection I think. I recommend reading some of the WT's documents for the sp. From memory some WT's have taken a year before they get to the build stage, if issues kick in even longer. If I were setting up a renewable power site I would have a long running survey to check the wind speed/sunlight at the location, rather than use estimates which have been as much as 30% out.
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Post by Ton ⓉⓞⓃ on Jul 6, 2015 13:06:20 GMT
I'm interested to find out if I can meet my Investment Targets from other loans being repaid in Sept. Cashflow for Sept2015 Coventry Serviced Office Loan 82 | Earliest full repayment end of Sept. New loan applied for
| Spondon BL 74 | 3rd Sept? but doubtful due to previous passed dates
| Worcestershire Property Investment Loan 114 | "end August, early September" pp could be delayed | E-T****** 41
| Expected "18 September 2015"
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Heads up for
Kidderminster Bridging Loan #2 loan154 (refinance underway)
Cash Flow for August 2015. Loan Info Coventry Serviced Office Loan 82 | Full repayment exp. end of August Now end of Sept.
| London Retail T1 & 2 | Now Tuesday 28 July 2015. (Paid off, cash received on 28th)
| Spondon BL 74 | Now exp before 3rd Aug. (Which is the AC Loan expiry date)
| Hackney BL | Contracts exchanged 26 June, Complete at end of July Exp. cash upto 1month after this last date.
| Worcestershire Property Investment Loan 114 | Full repayment end of Aug. early Sept.
| Dorset Prop. Dev. 120 | Don't know. Q asked
| C** WT Portfolio 143 | Full refinance probably now in Aug. to repay our loan. Refinance now put back to "until at least November"
| Green Deal Boiler Man 63
| Full repayment expected 29th July. PAID
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Post by Ton ⓉⓞⓃ on Jul 5, 2015 13:21:11 GMT
The insurance will only cover malicious damage, an unlikely event. A deposit is desirable to cover accidental or careless damage which is far more likely. The extra rent will compensate to some extent. I am on the fence on this one. If you're on the fence you're the one causing damage that not the tenant.
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Post by Ton ⓉⓞⓃ on Jul 4, 2015 20:01:03 GMT
<<snip>>... Therefore the addition of a new solar loan targeted for August is great news. If this and the WT for July both happen and the one a month or so rate continues, that should provide the diversity needed. fingers crossed. The criteria for inclusion are several one being generating power. This loan is to fund the prep./investigation for that, I wonder if officially it should be included. A question has been asked in this regard. It would be nice and simple if the loan page or cr would just mention if it were due to be included. All being well their next loan should definitely be included, the loan to build and operate it. Some of the WT's take about a year of going thru' all the procedures, pp etc. any ideas how long solar farms might take to get full clearance?
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Post by Ton ⓉⓞⓃ on Jul 1, 2015 9:08:43 GMT
Funds for both F(CQH) and F(DMH) were called today (well, not quite, the IT didn't work yet again) so there shouldn't be any further slippages on drawdown. So the Underwriters only have something like two days to get their @ducks in a row for both F(CQH) and F(DMH)? When we had Shadow bids it was longer than that wasn't it...
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