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Post by balloonthief on Mar 19, 2019 16:50:30 GMT
Any chance we'll see detailed update this week Moneything??
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Post by charliebrown on Mar 20, 2019 4:24:27 GMT
Wall of silence again
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Post by brummiefred on Mar 21, 2019 12:36:43 GMT
Since I was, this morning, within two miles of this loan site, I felt it worth a short detour and can report, for those that are invested, that the rear door was open and one van was parked in the yard.
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Post by queenvictoria on Mar 21, 2019 14:54:05 GMT
Since I was, this morning, within two miles of this loan site, I felt it worth a short detour and can report, for those that are invested, that the rear door was open and one van was parked in the yard. Things are hotting up then, eh?
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keystone
Member of DD Central
Posts: 714
Likes: 575
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Post by keystone on Mar 21, 2019 15:11:40 GMT
Update on website, nothing really to report, race against snail to raise further funds from family, come back in a year or two, or three maybe.
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Post by queenvictoria on Mar 21, 2019 15:59:07 GMT
Update on website, nothing really to report, race against snail to raise further funds from family, come back in a year or two, or three maybe. This latest 'update' displays a staggering disregard for the concerns of lenders. It is, to my reading, disinterested and offhand in its tone and completely void of any ... well... 'update'. I am beginning to feel that we lenders are an inconvenience to MT that just need to be thrown a few scraps from the table from time to time. Sophie, Ed, this does you no credit at all.
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Post by quidsaveblue2003 on Mar 21, 2019 20:03:41 GMT
Update on website, nothing really to report, race against snail to raise further funds from family, come back in a year or two, or three maybe. This latest 'update' displays a staggering disregard for the concerns of lenders. It is, to my reading, disinterested and offhand in its tone and completely void of any ... well... 'update'. I am beginning to feel that we lenders are an inconvenience to MT that just need to be thrown a few scraps from the table from time to time. Sophie, Ed, this does you no credit at all. MT had tried its best to be brave and said to the lenders, if the borrower did not meet the creterias, there would be some drastic measures applied towards the project. Now all the things are back to the original point, just like nothing had happened. This borrower knows MT very well --- no backbone.
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Post by charliebrown on Mar 21, 2019 23:38:47 GMT
This latest 'update' displays a staggering disregard for the concerns of lenders. It is, to my reading, disinterested and offhand in its tone and completely void of any ... well... 'update'. I am beginning to feel that we lenders are an inconvenience to MT that just need to be thrown a few scraps from the table from time to time. Sophie, Ed, this does you no credit at all. MT had tried its best to be brave and said to the lenders, if the borrower did not meet the creterias, there would be some drastic measures applied towards the project. Now all the things are back to the original point, just like nothing had happened. This borrower knows MT very well --- no backbone. I agree. The old chestnut about using family money is wearing a bit thin. MT has shown the borrower that the borrower is in charge and can basically do what he wants when he wants. We are back to plan A, sit and wait for the borrower, there is no plan B.
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Mar 22, 2019 7:42:37 GMT
I’ll just reserve judgement till the end
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Post by quidsaveblue2003 on Mar 23, 2019 10:19:35 GMT
I’ll just reserve judgement till the end Then it seems you need to reserve your judgement for a couple of years at least .
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Post by queenvictoria on Mar 23, 2019 11:36:25 GMT
MT had tried its best to be brave and said to the lenders, if the borrower did not meet the creterias, there would be some drastic measures applied towards the project. Now all the things are back to the original point, just like nothing had happened. This borrower knows MT very well --- no backbone. I agree. The old chestnut about using family money is wearing a bit thin. MT has shown the borrower that the borrower is in charge and can basically do what he wants when he wants. We are back to plan A, sit and wait for the borrower, there is no plan B. Presumably the family money is the few tens of thousands needed to complete the project. It doesn't exactly square with the original borrower's description 'The borrower is an experienced commercial property developer and investor, having completed numerous projects around the UK over the last 29 years. The borrower has significant experience of acquiring buildings on a strategic basis and producing reliable income streams.' does it?
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Mar 23, 2019 11:48:08 GMT
I’ll just reserve judgement till the end Then it seems you need to reserve your judgement for a couple of years at least . I’m very patient
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Post by charliebrown on Mar 23, 2019 15:26:58 GMT
Then it seems you need to reserve your judgement for a couple of years at least . I’m very patient Patience is a very good thing. Having money tied up for years not earning any interest is not such a good thing.
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Mar 23, 2019 17:25:06 GMT
I’m very patient Patience is a very good thing. Having money tied up for years not earning any interest is not such a good thing. Agreed, but might as well not stress about it
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Post by funkymonkey on Mar 23, 2019 18:47:17 GMT
I’m very patient Patience is a very good thing. Having money tied up for years not earning any interest is not such a good thing. How do you know it's not earning interest? Bit premature to assume that at this point
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