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Post by brummiefred on Mar 20, 2018 9:03:06 GMT
It is quoted earlier in this thread
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Post by brummiefred on Mar 18, 2018 14:58:32 GMT
I bought a sizeable chunk on Friday, having transfered funds to the IFISA, and noted that loan parts were available, in the same loan, all the way from 1% discount through to 1% premium.
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Post by brummiefred on Mar 12, 2018 13:12:40 GMT
Recently appeared in the updates section:................
The borrower is in the process of selling the property. The purchaser, who has exchanged contracts, continues to delay completion. In the meantime we have been approched (sic) by an alternative purchaser who have expressed a willingness to purchase the property. We have therefore instructed our solicitors to advise the purchaser's solicitors that, as the loan is technically in default, we can exercise our rights and force a sale to the alternative purchaser. We anticipate that this will force the current purchaser to complete the purchase in a more timely manner.
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Post by brummiefred on Feb 14, 2018 12:04:31 GMT
The S****** motorcycle works in W************ was in a similar unused state before development courtesy of SS/Ly lenders.
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Post by brummiefred on Feb 6, 2018 22:43:44 GMT
I received 2.73% of the capital returned.
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Post by brummiefred on Feb 6, 2018 10:29:39 GMT
Update posted 01/02/2018
We are waiting for confirmation from the borrower on the status of the sale. It is unlikely that the sale will complete before the 6th February and lenders should be aware that a further short extension may be necessary.
Interest paid this morning up to 06/02/18
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Post by brummiefred on Feb 2, 2018 16:27:30 GMT
Yes agree, yesterday's withdrawal was in my bank within hours.
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Post by brummiefred on Jan 26, 2018 10:19:30 GMT
Sorry but I don't understand. Under normal JCT terms of engagement between an employer (our borrower) and the Contractor, payments are made monthly in arrears 28 days after a valuation of works completed to date. The Contractor will normally pay for the materials 30 days after the end of the month in which they were purchased, thus, if all parties comply with their obligations, this should enable the cash to fall down the supply chain, and the main costs the Contractor has to finance are the wages. So, in my view, there is no case for payments in advance as all tranches have up to 28 days to be funded after presentation of the IQS valuation.
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Post by brummiefred on Jan 25, 2018 16:02:58 GMT
AIUI the main contract has not collapsed as it is to a consortium and Carillon were just one member of that body who may or may not be replaced depending upon the attitude of the other consortium members.
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Post by brummiefred on Dec 29, 2017 15:33:06 GMT
Yes downloads give full details in chronological order but, from memory, not in summary format.
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Post by brummiefred on Dec 24, 2017 10:26:15 GMT
Also in Travel Guide
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Post by brummiefred on Dec 1, 2017 11:00:06 GMT
Started with DFL's, now up to DFL25
Edit. Mine are all finished, thank you Lendy
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Post by brummiefred on Sept 29, 2017 13:44:42 GMT
Just received email advising fully funded and bids accepted.
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Post by brummiefred on Sept 18, 2017 13:41:22 GMT
Yes, the purpose of fellow IMS is to value the work in progress against the 'experienced' contractors fixed price bid for the works and so I am completely baffled by the apparent overspend, unless the ground conditions have been totally unexpected (unlikely) or the client has changed the spec so much, or something else that we dare not imagine.
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Post by brummiefred on Sept 17, 2017 15:59:34 GMT
Drove past whilst in the area yesterday and no activity noted. Site surrounded by hoarding and no signs of previous buildings.
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