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Post by alexp2p on Mar 11, 2020 14:50:43 GMT
Any idea about the new loan?
Main problem: Borrower is already heavy engaged with further loans such as two retail commercial mortgages and two land bridge loans.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Mar 11, 2020 14:53:58 GMT
Any idea about the new loan? Main problem: Borrower is already heavy engaged with further loans such as two retail commercial mortgages and two land bridge loans. The second one (land) has all the interest on account which is reassuring. I wouldn't feel secure over 50% LTV (Tranche ) for the first one. But I am mostly on As anyway, due to current risk tolerance level.
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liso
Member of DD Central
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Post by liso on Mar 11, 2020 15:51:03 GMT
I am more interested in the land loan. From my reading of the relevant local authority department, planning permission appears to have been granted. There are several reports in the local press, generally positive, about the development, and the potential funders have a good track record of investing in this type of housing, both new build and existing. I have reservations about the second loan. Descriptions of anti-social behaviour around the area may negatively impact the borrower’s local income stream. They have negatively impacted me!  |
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