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Post by ribble on Nov 24, 2017 16:54:42 GMT
I can't seem to find the nature of the legal charge that PM will hold against this property. The information given says that MT Finance are providing the senior debt. Does that mean PM will have only a second charge?
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carolus
Member of DD Central
Posts: 204
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Post by carolus on Nov 24, 2017 19:24:40 GMT
I, like you, can't see that specified anywhere on site, but I notice in the email I got about CC DEV 1 that it was described as "All funds will be legally secured against the assets of CC Dev 1 with a second legal charge ". Since the on site descriptions of CC DEV 1 and CC WAR 1 are pretty much identical, I'd assume WAR 1 is also second charge.
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Post by ribble on Nov 24, 2017 21:46:44 GMT
Thank you, carolus. PM's communications seem to be a bit like whatever you wear when you go swimming: there's a lot of information available but the important bits remain concealed. |
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