littleoldlady
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Post by littleoldlady on Sept 13, 2021 20:22:59 GMT
A total loss.  Why ever did I invest in a mezzanine loan? Must have been asleep at the wheel. |
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smee
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Post by smee on Sept 14, 2021 5:08:59 GMT
Me too. When I read the email I thought I was safe as I would never invest in a mezzanine loan. Oops!
And no tax relief as it was part of an ISA (presumably?)
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littleoldlady
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Post by littleoldlady on Sept 14, 2021 9:14:30 GMT
Me too. When I read the email I thought I was safe as I would never invest in a mezzanine loan. Oops! And no tax relief as it was part of an ISA (presumably?) Yes in an ISA which was another mistake given their high ISA charges. When I make a withdrawal a large chunk disappears. I'm not sure exactly how the 0.95% fee works, is it annual, and have they been charging for this loan, meaning it will be even more than a 100% loss?
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Post by jvbrad on Sept 14, 2021 9:32:08 GMT
Not sure there would be tax relief even if held outside an ISA (like me). Looks to me that DDS's do not receive tax relief on a loss, unless they were purchased before 2003. They used to, but the rules changed around 2015.
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averageguy
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Post by averageguy on Nov 11, 2021 19:49:58 GMT
How’s everyone finding communication with them….I’m in Millside Waterfront Res….and i have to say its been quite poor ..loan is over a year past maturity..various excuses….last update in July which promised ‘’further details shortly’’ …needless to say nothings materialised and they haven’t responded to my last email.
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littleoldlady
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Post by littleoldlady on Nov 12, 2021 9:02:59 GMT
How’s everyone finding communication with them….I’m in Millside Waterfront Res….and i have to say its been quite poor ..loan is over a year past maturity..various excuses….last update in July which promised ‘’further details shortly’’ …needless to say nothings materialised and they haven’t responded to my last email. They seem to have lost all interest in their remaining portfolio since they stopped doing new business. This is shaping up to be my worst performing platform, worse for me that L, C, FS or MT.
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averageguy
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Post by averageguy on Nov 12, 2021 11:39:34 GMT
How’s everyone finding communication with them….I’m in Millside Waterfront Res….and i have to say its been quite poor ..loan is over a year past maturity..various excuses….last update in July which promised ‘’further details shortly’’ …needless to say nothings materialised and they haven’t responded to my last email. They seem to have lost all interest in their remaining portfolio since they stopped doing new business. This is shaping up to be my worst performing platform, worse for me that L, C, FS or MT. Thanks for the reply….i dont suppose you have a telephone number for them…the one i had is now defunct and i cant seem to find another
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littleoldlady
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Post by littleoldlady on Nov 12, 2021 15:19:10 GMT
Thanks for the reply….i dont suppose you have a telephone number for them…the one i had is now defunct and i cant seem to find another No sorry, but I doubt you would get anything out of a call anyway.
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iRobot
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Post by iRobot on Nov 12, 2021 19:35:00 GMT
A number I had on most correspondence was 0207 183 6909 - is that the one that was 'defunct' for you?
If so, there's a number listed for both 'Property Crowd' (trading name) and 'Global Alternatives Operations Limited' (incorporated name) on the FCA register: 0207 495 4800 (and also listed on Global's website).
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averageguy
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Post by averageguy on Nov 13, 2021 21:11:59 GMT
Thanks for replies….I’ll check those numbers ….I did get a reply to an email late Friday….apparently they’ve had some info from the lead lender and will update the site from there….if it’s not satisfactory I’ll contact that lender direct…just not prepared to sit on my **** and do nothing.
fortunately I just dipped my toe in on one loan with PC
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