littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Nov 4, 2017 10:51:45 GMT
proplend What is the borrower's exit plan? This is a 3 year loan so he will have paid a lot of interest by the repayment date. Where will the funds to repay come from? At first glance it seems to me that he might do better to rent the property for his car business.
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sandbrain
Member of DD Central
Posts: 62 
Likes: 20
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Post by sandbrain on Nov 6, 2017 8:41:08 GMT
The Loan Request Summary document for the loan appears not to be available as yet. Doesn't leave much time for review, assuming it is published prior to planned go-live at noon today.
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Post by proplend on Nov 6, 2017 9:30:45 GMT
The Loan Request Summary document for the loan appears not to be available as yet. Doesn't leave much time for review, assuming it is published prior to planned go-live at noon today. Yes apologies - going up shortly. Richard
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Post by proplend on Nov 6, 2017 9:39:46 GMT
proplend What is the borrower's exit plan? This is a 3 year loan so he will have paid a lot of interest by the repayment date. Where will the funds to repay come from? At first glance it seems to me that he might do better to rent the property for his car business. It will a refinanced - the 36 month term will enable the business to generate sufficient profits to afford a fully amortising commercial mortgage. Further details available with the loan docs which will be uploaded very soon. Thanks, Richard
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