jaswells
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Post by jaswells on Jan 28, 2020 11:30:49 GMT
Update suggest sold for 470k. Loan of 130K against an asset valued at 125K. If this is correct it is another wildly incorrect valuation but (for the only time I have come across ) undervalued. Maybe I am missing something, but at least full return of capital expected.
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jaswells
Member of DD Central
Posts: 255
Likes: 184
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Post by jaswells on Jan 28, 2020 11:34:41 GMT
Just looked again at loan details. Unfortunately I was wrong. All 3 floors sold for 470K. Valuation at 684K. Another miss.
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micky
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Post by micky on Jan 29, 2020 20:08:05 GMT
Update suggest sold for 470k. Loan of 130K against an asset valued at 125K. If this is correct it is another wildly incorrect valuation but (for the only time I have come across ) undervalued. Maybe I am missing something, but at least full return of capital expected. jaswells Is this an FS update? Nothing appears on the Wa_____o R__d Refinance (2437319925) update, which is for the upper two floors.
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Post by savgeax on Jan 29, 2020 20:18:15 GMT
I have two Londonderry loans.
A ground floor shop which they state was sold for 470k but issues with an atm is holding up the sale.
A bar which they state was sold for 455k but was slightly delayed due to the premises being licensed, although this has been sorted and expected to complete shortly.
I literally have no idea what the return is going to be or what properties are combined sales etc.
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micky
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Post by micky on Jan 29, 2020 20:28:05 GMT
Thanks
I think the 470K sale is the whole building and the ATM is in one of the shops on the ground floor;
Update 17/8/19
NOTE: The whole of the property is being marketed together at the recommendation of the receiver.
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