Post by adrian77 on Oct 5, 2019 11:32:46 GMT
As of today out of my 40 list/ 41 loans 2 have shown a 100% capital and interest repayment (cinema and Darmonds Green) whilst 1 is still active and not late – the unsecured VIP who has reduced and rescheduled (repayment due Dec 2019) – would you believe it! Thus out of 41 loans 38 are very late and in many cases a hefty if not 100% capital loss is on the cards.
I have updated my top 40 mega list as below to reflect recent changes : p2pindependentforum.com/thread/edit/15544
4) 6 yachts update 30.09.19 : 3 boats now sold : recovery to date = £36,427.49/145,000 = 25%
5b) booze speedboats update 30.09.19 : unbelievable delay - 2 key date deadlines passed (15th Aug and end Sep) and nothing from FS since 30/07/2019. In 10 days time this one will be an incredible 3 years late!
7) South Wales hotel update 30.09.19 : borrower is now refinancing so existing payment schedule above has gone for a Burton – latest settlement now hopefully November 2019.
29) New Brighton last sale fell through – possible sale end Nov
31) Quarry redevelopment seems to be progressing well and on budget
Well having actually taken the time to record this list and keep an eye in it, I am staggered just how bad it is likely to turn out...time will tell but I am really glad I did not put serious money into FS!
I have updated my top 40 mega list as below to reflect recent changes : p2pindependentforum.com/thread/edit/15544
4) 6 yachts update 30.09.19 : 3 boats now sold : recovery to date = £36,427.49/145,000 = 25%
5b) booze speedboats update 30.09.19 : unbelievable delay - 2 key date deadlines passed (15th Aug and end Sep) and nothing from FS since 30/07/2019. In 10 days time this one will be an incredible 3 years late!
7) South Wales hotel update 30.09.19 : borrower is now refinancing so existing payment schedule above has gone for a Burton – latest settlement now hopefully November 2019.
29) New Brighton last sale fell through – possible sale end Nov
31) Quarry redevelopment seems to be progressing well and on budget
Well having actually taken the time to record this list and keep an eye in it, I am staggered just how bad it is likely to turn out...time will tell but I am really glad I did not put serious money into FS!