rainbow
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Post by rainbow on Oct 22, 2015 10:55:18 GMT
The valuation report mentions cracks to the front elevation wall and recommends a structural engineering report. I also highlights a poorly constructed extension and sloping chimney. I suggest anyone wishing to invest reads the report closely.
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rainbow
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Post by rainbow on Sept 23, 2015 10:18:25 GMT
I have found the "Last Update" feature very useful. I asked a question on Loan 164 on 17/9/15, a somewhat disappointing reply by AC appeared on 22/9/15, but the "Last Update" for the loan has remained 9th July 2015.
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rainbow
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Post by rainbow on Feb 26, 2015 17:56:51 GMT
My earlier post was erroneous. The revised valuation is specific to the building. Further info has been provided by AC on the Q&A page for this loan.
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rainbow
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Post by rainbow on Feb 26, 2015 15:26:38 GMT
The valuation correction seems to be based on a "Industry Standard" 30% reduction rule of thumb, hence £475K down to £332.5K. This average may not be relevant for this building, why not 10% or 50%? As a Mundic screening test will be necessary in order to sell the property why not delay drawdown until the test has been completed.
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