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Post by mrclondon on Nov 17, 2014 14:19:59 GMT
At long last a new loan has appeared on the "Upcoming Loans" tab
650k 69% LTV with 1st charge 10.25%
The Q&A reveals that auctions are not dead, merely restricted to underwriters !
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Post by chielamangus on Nov 17, 2014 18:37:42 GMT
One of the directors has a rather more chequered history than the credit report suggests. Directorships by the dozen (almost) for companies that appear to trade very little in a wide range of goods and activities. A versatile lady.
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Post by batchoy on Nov 17, 2014 19:45:54 GMT
Whilst there is a big play on the List X (by the way it is 'List X' not 'Listex') status of the building, my personal view is that it adds nothing to the value of the Asset and potentially has a limiting factor on potential future tenants as the businesses will probably need to be compatible with that status.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
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Post by ramblin rose on Nov 17, 2014 23:09:30 GMT
Whilst there is a big play on the List X (by the way it is 'List X' not 'Listex') status of the building, my personal view is that it adds nothing to the value of the Asset and potentially has a limiting factor on potential future tenants as the businesses will probably need to be compatible with that status. Not really; the status covers what may be kept in the building or what activities may be carried out. There is no implication that anything particular must be stored there or that any particular activity must be carried out. You could think of it like owning a mega-super-strong safe - there's nothing to stop you just storing your chocolate in it. On the other hand, those companies who do need the additional security features would pay handsomely for it, because it costs a lot of money to make the necessary modifications to a building without them, and takes time. Edit: And now I've looked at the loan details and seen where it's located ................. 'nuff said 
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star dust
Member of DD Central
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Post by star dust on Nov 18, 2014 20:42:16 GMT
"ramblin rose said:
.........You could think of it like owning a mega-super-strong safe - there's nothing to stop you just storing your chocolate in it."
And well you might, I've just been reading about a world cocoa and hence chocolate shortage, predicted for 2020  .
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