trevor
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Post by trevor on Mar 11, 2019 8:40:55 GMT
Insured?
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micky
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Post by micky on Mar 11, 2019 11:31:26 GMT
It would seem so ..'Shortly after their appointment, the receivers were made aware that fixtures and fittings were removed from the two remaining apartments. An insurance claim has been entered, currently pending'
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Mar 11, 2019 15:54:00 GMT
Can we be sure that FS are competent enough to have a legal charge. Being in all those linked art loans, I can confirm the answer to this question is no. Thank heavens you are not in the priersthood or prison service theree is not a hint of forgivness or acceptance that rehabilitation can take place.
Like a woman in an argument all past iniscretions are regurgitated and used against you.
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blender
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Post by blender on Mar 11, 2019 16:11:09 GMT
Being in all those linked art loans, I can confirm the answer to this question is no. Thank heavens you are not in the priersthood or prison service theree is not a hint of forgivness or acceptance that rehabilitation can take place.
Like a woman in an argument all past iniscretions are regurgitated and used against you. Quite a few mere mortals offended there. Keep it up, third-rank pagan god, and you could be promoted to a more monotheistic role.
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benaj
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Post by benaj on Mar 11, 2019 16:36:27 GMT
I only took a bite in 4401315271 and it was repaid after 204 days. At one stage, the total loan amount was 1.4Mil+ and the borrower had paid back FS more than 900k capital. 3171765915C was repaid on 18/07/2018
Let's see how FS recover this one.
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cwah
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Post by cwah on Mar 11, 2019 22:27:55 GMT
I thought it was a good one with the amount repaid by borrower. I hope it end up on good recovery
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mjc
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Post by mjc on Mar 12, 2019 14:46:58 GMT
I seem to recall a 3 year younger Mrclondon state on this thread (17/4/16) With or without pp it was not the desired outcome.
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micky
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Post by micky on Feb 28, 2020 14:31:20 GMT
Capital Return from loan 3171765915D -made today but no update to explain it yet.
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Brainer
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Post by Brainer on Mar 4, 2020 15:20:14 GMT
I notice that no interest was paid with the recent partial repayment, but the 'interest to date' figure on the website now only shows the accrued interest from the remaining capital, so the accrued interest from the partial repayment has disappeared from view.
A moot point if this doesn't repay capital in full but if it does then we might need to remind the administrators about this missing interest.
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Post by overthehill on Apr 3, 2020 18:37:05 GMT
Capital Return from loan 3171765915D -made today but no update to explain it yet. Update was added today, 3apr2020, for the part payment made on 28 feb.
If we receive a similar amount again for the last flat and freehold, it's about 92% return for the remaining capital left in the loan minus CG + FS fees. No interest likely according to receivers. So for whole loan, somewhere between 92%-100% capital returned. Not quite a Dell Boy I've had worse days but near 100% capital return here is like finding a valuable watch.
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micky
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Post by micky on Apr 3, 2020 22:38:14 GMT
The remaining flat is the penthouse so hopefully more. Plus freehold payments and also return of 5%.
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Post by waryinvestor on May 27, 2020 16:50:35 GMT
Capital Return from loan 3171765915D -made today but no update to explain it yet. Update was added today, 3apr2020, for the part payment made on 28 feb.
If we receive a similar amount again for the last flat and freehold, it's about 92% return for the remaining capital left in the loan minus CG + FS fees. No interest likely according to receivers. So for whole loan, somewhere between 92%-100% capital returned. Not quite a Dell Boy I've had worse days but near 100% capital return here is like finding a valuable watch.
Update says "A total of £215,075.76, capital only, has been repaid to all investors".
So, 215,075.76 / 234,924.78 = 91.55% returned to Investors so far. But seem to have received only 83.22% so far (4 instalments from 29/09/17) ?
Anyone received more than that ?
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Brainer
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Post by Brainer on May 27, 2020 17:37:25 GMT
Update was added today, 3apr2020, for the part payment made on 28 feb.
If we receive a similar amount again for the last flat and freehold, it's about 92% return for the remaining capital left in the loan minus CG + FS fees. No interest likely according to receivers. So for whole loan, somewhere between 92%-100% capital returned. Not quite a Dell Boy I've had worse days but near 100% capital return here is like finding a valuable watch.
Update says "A total of £215,075.76, capital only, has been repaid to all investors".
So, 215,075.76 / 234,924.78 = 91.55% returned to Investors so far. But seem to have received only 83.22% so far (4 instalments from 29/09/17) ?
Anyone received more than that ?
The £215,075.76 relates to the capital repaid from the sale of the penthouse flat and some other funds that FS held in relation to this loan (partial repayment D). The £234,924.78 is the remaining capital after that partial repayment, with one more flat and the freehold still to be sold.
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Post by waryinvestor on Jun 3, 2020 16:26:46 GMT
Update says "A total of £215,075.76, capital only, has been repaid to all investors".
So, 215,075.76 / 234,924.78 = 91.55% returned to Investors so far. But seem to have received only 83.22% so far (4 instalments from 29/09/17) ?
Anyone received more than that ?
The £215,075.76 relates to the capital repaid from the sale of the penthouse flat and some other funds that FS held in relation to this loan (partial repayment D). The £234,924.78 is the remaining capital after that partial repayment, with one more flat and the freehold still to be sold. Thanks a lot Brainer. I can now see that a Total of £1,165,075.98/£1,400,000=83.2197% Capital was Received/Repaid to Lenders. It matches my figures.
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rogerthat
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Post by rogerthat on Jun 9, 2020 13:46:04 GMT
Loan Reference: 3171765915
An update has just been added to a loan that you have an investment in.
UPDATE:
With regards to the final flat, the Receivers have advised that they have been liaising with their local agent in respect of the marketing of the property which has been limited due to the current social distancing measures. The local agent has however received a cash offer of £155,000. The agents have commented that they are unaware of any interest at a higher level. In addition the potential realisation at auction is likely to be lower that the current interest. The Receivers have therefore recommended that this offer be accepted. In consideration of all factors the Administrators have agreed to the sale. We will provide a further update in due course.
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