elliotn
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Post by elliotn on Jun 26, 2017 14:12:32 GMT
Anyone confirmed the sale of 505?
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Post by Collateral Rep on Jun 26, 2017 14:50:33 GMT
Link removed, requested by mods.
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elliotn
Member of DD Central
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Post by elliotn on Jun 26, 2017 15:46:03 GMT
My God that's sailing a bit close to naming the borrower's asset Gordon!* *thank you (+ new2)  |
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jun 26, 2017 18:37:59 GMT
Link removed, requested by mods. What a very naughty boy Gordon! Wonder if mods will stop you postingš¤
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 27, 2017 12:07:32 GMT
This looks a good 'un to me, having just checked RightMove etc, so I bunged in four figures.
Errr, then I just realised, anyone know if it's clad?!!!!!
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snowmobile
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Post by snowmobile on Jun 27, 2017 14:34:48 GMT
According to valuation report (page 9) "Steel reinforced concrete frame with external cladding".
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Post by Collateral Rep on Jun 27, 2017 14:37:56 GMT
Evening,
We have been in touch with the relevant borrowers for confirmation of regulations etc.
Many thanks,
Gordon
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 27, 2017 14:51:58 GMT
According to valuation report (page 9) "Steel reinforced concrete frame with external cladding". Thanks snowmobile, and thanks Gordon for chasing up.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 27, 2017 15:02:18 GMT
Evening, We have been in touch with the relevant borrowers for confirmation of regulations etc. Many thanks, Gordon Yes, but its apparently its not a question of the regulations but the interpretation of the regulations. The regulations ban combustible material above 18m, but the guidance being provided by relevant agencies has allegedly resulted in regulations not being followed. www.bbc.co.uk/news/uk-40418266
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Post by elephantrosie on Jun 28, 2017 20:34:39 GMT
filling up really quickly
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r00lish67
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Post by r00lish67 on Jun 29, 2017 7:01:40 GMT
Well, let's not get too carried away. It's still half-full/half-empty (as you like ), been on the shelf 3 days, and it's not exactly a monster loan. Anyway, my questions around this relate to it currently being occupied by 'several tenants' (as per the VR). I may have missed some key detail but, in short, what's happening with them? As the exit plan is to sell the property, when are they moving out and what assurances do we have that they definitely will and cannot obstruct that process? How is the borrower going to sell this property when there are several tenants currently there and the place is 'untidy' (as per the VR)? If this loan defaults prior to it being sold and Collateral need to repossess the property, will the tenants have any rights to remain? |
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bababill
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Post by bababill on Jul 24, 2017 5:49:33 GMT
Evening, We have been in touch with the relevant borrowers for confirmation of regulations etc. Many thanks, Gordon Wondering the outcome of above?
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jfm
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Post by jfm on Sept 22, 2017 8:47:24 GMT
The exit strategy is by sale. Has the marketing started yet? - I couldn't see anything.
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bababill
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Post by bababill on Sept 23, 2017 2:17:24 GMT
Yes... a good loan judging solely by the numbers.. But something I could never put my finger on prevented me from investing in this one. Its not the issue with the sitting tenants nor the unanswered issue regarding the cladding... Best to refer back to the original thread.
p2pindependentforum.com/thread/9296/hayes-3-bed-apartment
[Admin note] threads now merged |
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Post by mrclondon on Sept 23, 2017 16:45:48 GMT
(PS: requested mods to merge threads and add loan reference to the original one.) Done (actualy merged the posts from the earlier thread into this one to keep the better thread title)
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