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Post by alexp2p on Oct 9, 2020 1:41:35 GMT
Any opinions about the new loan T********* H*** which will go live today?
Borrower is experienced with property and
the valuation report only says there are some (minor) repairs of the building necessary.
Does anybody see potential unexpected problems with this loan?
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Post by uksoul on Oct 9, 2020 11:04:18 GMT
All gone within 2 minutes ..
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Post by overthehill on Oct 9, 2020 15:58:38 GMT
no problem with this loan. Valuation seems a bit depressed probably due to the number of issues that need addressed before things get worse and most of the houses in that street are cheaper. The front looks a bit of a disaster, you could get a lot more parking in there off the street. I don't know the area but the location is good for all the beaches, seems like a lot of house for the money. It's probably not in the text book but I always like the ratio valuation/rental income which in this case is only 7.5 years !
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Post by Ace on Oct 9, 2020 16:25:30 GMT
Looked OK to me. I tried to get a bit of tranche B, but my fingers aren't fast enough.
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