|
Post by lucas01 on May 16, 2018 13:55:49 GMT
Very disappointed ,but not surprised, they took the opportunity to drop rates, and boost their margins. Clearly they are oversubscribed from lenders. P2P flight to safety! In honesty, the interest rates never made much sense when unprotected business loans went out cheaper than provision loans. The only positive is the cash drag situation should improve as I doubt I'm the only one who wont be adding to my balance anymore.
|
|
|
Post by lucas01 on Oct 31, 2017 3:38:04 GMT
I see The AC Z** Fishing loan has been repaid as promised.
|
|
|
Post by lucas01 on Oct 20, 2017 22:09:57 GMT
No for me. Uncompetitive loan structure compared to Coll's typical 12% first ranking initial land/building loan, followed by development tranches at 13-15%. That is what I reckon is needed if they want to fund this build. Also the lack of planning permission is a negative to me, with cost overruns from this and dealing with this decaying listed building puts the risk/reward level out of my consideration in my opinion.
|
|
|
Post by lucas01 on Aug 24, 2017 9:06:44 GMT
Or indeed a forgery about
|
|
|
Post by lucas01 on Aug 24, 2017 9:06:07 GMT
It's possible unbolted were being misled
|
|
|
Post by lucas01 on Aug 24, 2017 8:49:07 GMT
Unbolted told me their potential borrower definitely had it in their possession, and unbolted were due to take possession for security, as one would expect from them. Clearly something is amiss. Hence the loan being pulled.
|
|
|
Post by lucas01 on Aug 23, 2017 23:45:23 GMT
I did alert Unbolted earlier that FS had a loan out on this painting. Took me a few minutes to work out where I'd seen it before.let's just say Unbolted (Rito) was shocked to hear this, and I gave them what info I could. I'm glad Unbolted have reacted in this way to protect investors, something that can not be said about FS. I sold my FS loan part immediately, to not hold the security is shocking, if they do then there is a fake about.. Then there is the typical FS exaggerated valuation to boot. Do they use insurance valuations?!! Can't get out of FS quick enough, except I'm stuck in the Whitehaven debacle. Another story..
|
|