jjc
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Post by jjc on Oct 5, 2016 11:39:05 GMT
Trust the basis of any relationship, & in this particular case given AC & lenders were instrumental in helping the borrowers get back on their feet with a £550k debt forgiveness package this was not the way to act. Perhaps the son’s initiative (given his ageing parents important we make sure we have the relationship with him on the right footing). On a separate note, a little miffed AC didn’t inform lenders as to the retirement plans of one of the borrowers/directors back in June aiui when they heard about it. We should always be informed of any material news.
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agent69
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Post by agent69 on Dec 2, 2016 18:37:11 GMT
Lots of wind turbine updates today.
Looks like the wind has gone out of their sails, all the ones I read in detail were unimpressive.
Is this the batch that were due for early repayment?
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mikes1531
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Post by mikes1531 on Dec 3, 2016 16:03:18 GMT
Lots of wind turbine updates today. Looks like the wind has gone out of their sails, all the ones I read in detail were unimpressive. Is this the batch that were due for early repayment? There are at least a couple of bright spots -- the Swansea and Cumbria WTs performed slightly better than expected for the first nine months of 2016. Yes, these are the ones being refinanced. The expected timing keeps slipping, and AC have stopped quoting an expected date, but the latest report says that Keep your fingers crossed! (The earliest loan of the lot, Cumbria, reaches the end of its 3-year term on 1/May/17.)
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agent69
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Post by agent69 on Dec 7, 2016 17:44:56 GMT
116 (Manchester hotel) - repaid in full
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oldgrumpy
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Post by oldgrumpy on Dec 7, 2016 18:35:00 GMT
116 (Manchester hotel) - repaid in full   Looks like it's approaching "withdrawal time" again; too much in QAAA; I don't "do" 6.5-7%. I only "do" 8% now on a low LTV where I don't mind being locked in until the end because a high £*****.00 availability is making the SM almost unusable on those. Until reasonable liquidity returns I'll only invest in 9%+ .
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Post by mrclondon on Dec 13, 2016 16:59:37 GMT
Cumbrian Anaerobic Digestion Plant (#160) has repaid in full, funds "will be transferred to lenders' accounts as soon as possible."
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agent69
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Post by agent69 on Dec 13, 2016 17:47:42 GMT
Cumbrian Anaerobic Digestion Plant (#160) has repaid in full, funds "will be transferred to lenders' accounts as soon as possible." And just as you were wondering what to do with the cash, a couple of 7 figure 10% offerings appear, which are supposed to draw down tomorrow. Wonder if the digestive cash will arrive in time?
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jonah
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Post by jonah on Dec 13, 2016 18:21:54 GMT
Cumbrian Anaerobic Digestion Plant (#160) has repaid in full, funds "will be transferred to lenders' accounts as soon as possible." And just as you were wondering what to do with the cash, a couple of 7 figure 10% offerings appear, which are supposed to draw down tomorrow. Wonder if the digestive cash will arrive in time? I really liked 160, but hey ho. Isnt the company behind 388 one we have seen before? The name seems familiar... or am I being confused? Edit.... it's 245 in disguise!
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ianj
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Post by ianj on Dec 13, 2016 18:29:03 GMT
And just as you were wondering what to do with the cash, a couple of 7 figure 10% offerings appear, which are supposed to draw down tomorrow. Wonder if the digestive cash will arrive in time? I really liked 160, but hey ho. Isnt the company behind 388 one we have seen before? The name seems familiar... or am I being confused? Confused? No, you're not. The 'Refinace' in the loan name is the clue!  EDIT: And just in case any lenders in the current loan were thinking they'd just roll-over their current holdings, then think again! The ever hungry GBBA needs fattening-up for Christmas, perhaps? 
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mikes1531
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Post by mikes1531 on Dec 13, 2016 19:38:24 GMT
EDIT: And just in case any lenders in the current loan were thinking they'd just roll-over their current holdings, then think again! The ever hungry GBBA needs fattening-up for Christmas, perhaps? Inasmuch as the new loan is about £1.3M larger than the old one, I wouldn't have thought AC would have needed to prohibit rollover investments, particularly as some investors in the earlier loans might not even want to roll their investment forward. So why did they? Are either of the larger pipeline loans going to be eligible for GBBAs? I thought the 75% LTV would be too high for that. Have AC relaxed the GBBA criteria so as to make more loans eligible for the GBBA?
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ianj
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Post by ianj on Dec 13, 2016 20:55:45 GMT
EDIT: And just in case any lenders in the current loan were thinking they'd just roll-over their current holdings, then think again! The ever hungry GBBA needs fattening-up for Christmas, perhaps? Inasmuch as the new loan is about £1.3M larger than the old one, I wouldn't have thought AC would have needed to prohibit rollover investments, particularly as some investors in the earlier loans might not even want to roll their investment forward. So why did they? Are either of the larger pipeline loans going to be eligible for GBBAs? I thought the 75% LTV would be too high for that. Have AC relaxed the GBBA criteria so as to make more loans eligible for the GBBA? The current loan, #245 (which also has an LTV of 75%), is included in my GBBA holding so I, perhaps naively, assumed the refinance would be GBBA eligible.
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mikes1531
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Post by mikes1531 on Dec 14, 2016 3:42:00 GMT
Are either of the larger pipeline loans going to be eligible for GBBAs? I thought the 75% LTV would be too high for that. Have AC relaxed the GBBA criteria so as to make more loans eligible for the GBBA? The current loan, #245 (which also has an LTV of 75%), is included in my GBBA holding so I, perhaps naively, assumed the refinance would be GBBA eligible. : You're fine. It's my thinking that's flawed. I've just checked the GBBA description and it says the max. LTV allowable is 75%. So I see no reason why both of these loans shouldn't be GBBA-eligible. With any luck, the additional loan parts available once these loans go live should mean that most GBBAs that are at least 60% invested already should become 100% invested once the loan parts are distributed. That presumes there's no more than about £2M of GBBA investment idle, and I haven't a clue how much there really is. Keep your fingers crossed!
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agent69
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Post by agent69 on Dec 15, 2016 18:50:53 GMT
Cumbrian Anaerobic Digestion Plant (#160) has repaid in full, funds "will be transferred to lenders' accounts as soon as possible." a couple of 7 figure 10% offerings appear, which are supposed to draw down tomorrow. I thought drawdown on 14th was a bit optimistic (still showing that date on the AC website). Was the prompt drawdown date just a ruse to discourage people from withdrawing their Cumbrian money? Or am I just becoming cynical like the hairy primate.
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Post by mrclondon on Dec 16, 2016 19:30:21 GMT
Bromham Development Loan (#171) which has been accruing at the default rate of 13% since May this year has fully redeemed today, with funds to be credited to lenders (probably) on Monday. Its an interest rollup loan, and although some interest payments have been made whilst in default most of the interest has rolled up until today.
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oldgrumpy
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Post by oldgrumpy on Dec 16, 2016 20:34:09 GMT
Eh? What was that? Cynical? Moi! Perish the thought.
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