stokeloans
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Post by stokeloans on Sept 27, 2018 22:24:49 GMT
I went to a comedy night in town tonight..... you know the kind of thing,where the compere talks to the audience,well he asks this young woman her name,Steph she replies,and what do you do for a living Steph ? Marketing at Z******* she replied. Well you're not doing a very good job....I should have replied 😁
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Post by westcountry on Oct 8, 2018 9:28:50 GMT
MoneyThing, in the last update for this loan on the 7th September, it was expected that the refinance would be completed in around three weeks. As it is now over four weeks since the update, and the refinance hasn't happened yet, please could we have another update?
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Nomad
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Post by Nomad on Oct 8, 2018 9:40:24 GMT
MoneyThing , in the last update for this loan on the 7th September, it was expected that the refinance would be completed in around three weeks. As it is now over four weeks since the update, and the refinance hasn't happened yet, please could we have another update? It would be interesting to know whether trading is going to commence one day... 26.7.18: "The borrower has now started to commence marketing with a date for opening on the 22nd September. On the week of the 3rd September, tenants will setup and start to occupy and on the 10th September, soft launch of testing software, payment systems & building procedures. "
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stokeloans
Member of DD Central
Posts: 402
Likes: 485
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Post by stokeloans on Oct 8, 2018 11:34:31 GMT
MoneyThing , in the last update for this loan on the 7th September, it was expected that the refinance would be completed in around three weeks. As it is now over four weeks since the update, and the refinance hasn't happened yet, please could we have another update? It would be interesting to know whether trading is going to commence one day... 26.7.18: "The borrower has now started to commence marketing with a date for opening on the 22nd September. On the week of the 3rd September, tenants will setup and start to occupy and on the 10th September, soft launch of testing software, payment systems & building procedures. "It didn't happen and there's no sign of it ever happening
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keystone
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Post by keystone on Oct 8, 2018 14:18:41 GMT
Doesn't appear to be a plan B either, they are (not) paying a penalty interest rate on the latest loan they took out with MoneyThing consent in February. They have a never ending period of forbearance from MT since when is it now April, so 6 months of no interest and as stokeloans says no sign of any opening. UBS must be translating any loan proposal into at least 4 languages using snail mail as they seem to be taking an inordinately long time in securing a loan to pay the outstanding interest. Maybe its because Switzerland is not in the EU and banking transactions work via carrier pigeon or maybe yodelling.
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Post by mrclondon on Oct 8, 2018 14:36:14 GMT
If the second charge has not been repaid it is now in default and the second charge holder has the right to appoint an administrator at any time if in default From CH records it appears likely that this was refinanced mid Sept by the same lending group, on similiar terms with all accrued interest rolled up, through to mid November.
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Nomad
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Post by Nomad on Oct 8, 2018 14:51:19 GMT
Projected rental income is £514K, ...which depends on finding and retaining dealers for 409 "retail units". In a former life I owned an antiques centre and keeping my 70 units tenanted with rents received on time was no small matter... This project made very little sense to me one year ago, and makes even less now. Very relieved not to have invested...
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Post by westcountry on Oct 9, 2018 11:12:32 GMT
It would be interesting to know whether trading is going to commence one day... 26.7.18: "The borrower has now started to commence marketing with a date for opening on the 22nd September. On the week of the 3rd September, tenants will setup and start to occupy and on the 10th September, soft launch of testing software, payment systems & building procedures. "It didn't happen and there's no sign of it ever happening MoneyThing, please could we also have an update on the progress of the building work & how close the Z******* is to opening?
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Post by giraffee on Oct 10, 2018 12:09:51 GMT
"Bidding on this loan is currently suspended"
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Post by mrclondon on Oct 10, 2018 12:47:44 GMT
"Bidding on this loan is currently suspended" Was only temporarily suspended whilst MT processed the capital repayment on the Ground Rents loan as per their email this morning.
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archie
Posts: 1,854
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Post by archie on Oct 10, 2018 12:53:57 GMT
"Bidding on this loan is currently suspended" Was only temporarily suspended whilst MT processed the capital repayment on the Ground Rents loan as per their email this morning. Email? I saw the update but no email.
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Post by mrclondon on Oct 10, 2018 13:04:57 GMT
Was only temporarily suspended whilst MT processed the capital repayment on the Ground Rents loan as per their email this morning. Email? I saw the update but no email. Received 13:02 today "Partial Repayment of Ground Rent Bridging Loan"
(Bizarrely others have reported email receipt problems recently, but I'm now receiving emails from MT once again after a gap of a few months despite me having had no mechanism to change the email privacy settings introduced in May, as the third party component in question is blocked on my pc/laptop on security grounds. )
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acky
Posts: 481
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Post by acky on Oct 10, 2018 14:20:15 GMT
MoneyThing , in the last update for this loan on the 7th September, it was expected that the refinance would be completed in around three weeks. As it is now over four weeks since the update, and the refinance hasn't happened yet, please could we have another update? Apparently not!
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mw
Member of DD Central
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Post by mw on Oct 10, 2018 19:16:58 GMT
I’ve invested in this one and didn’t receive an email today regarding it. I did receive an email from MT regarding a new loan out earlier.
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zendog
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Post by zendog on Oct 10, 2018 19:45:51 GMT
New update on website
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