sam i am
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Post by sam i am on Jan 7, 2016 21:29:39 GMT
Unless savingstream set a precedent and consider this question to be of interest to other investors, I expect I'll be the only one who sees their answer. You're setting your expectations pretty high here. You expect to get an answer! I asked a Q&A about PBL031 to confirm new end date of the loan and new security because the site details seem at odds with recent updates. But I didn't get an answer at all. I've also posed the question on this forum with no answer and I've also sent an email with no answer. What worries me is not so much that I don't have an answer but that the answer may be one that savingstream don't want to give me. Avoiding the question tends to lead to suspicion.
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mikes1531
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Post by mikes1531 on Jan 9, 2016 1:03:55 GMT
I think savingstream will only start answering questions when they become short of lenders... Well, they certainly haven't answered my question yet. 
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ablender
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Post by ablender on Jan 9, 2016 4:44:44 GMT
I think savingstream will only start answering questions when they become short of lenders... Well, they certainly haven't answered my question yet. You are probably a bot. 
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Post by supernumerary on Jan 11, 2016 18:17:22 GMT
So, for January, Saving Stream have announced in their last statement in December 2015, that these loans are 'coming soon'...
• Residential and Retail Development, Hull – Waiting on new valuation document. £5.225m loan. This will likely drawdown mid-January. • Lowestoft Marina – Delayed until early January [£252,000] • Eyemouth Boat Yard - Delayed until early January. [£280,000]
Just a hunch, perhaps Friday, 15th January 2016? That would be mid January...
We shall see!
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Post by snappyfish on Jan 11, 2016 23:06:51 GMT
So, for January, Saving Stream have announced in their last statement in December 2015, that these loans are 'coming soon'...
• Residential and Retail Development, Hull – Waiting on new valuation document. £5.225m loan. This will likely drawdown mid-January. • Lowestoft Marina – Delayed until early January [£252,000] • Eyemouth Boat Yard - Delayed until early January. [£280,000]
Just a hunch, perhaps Friday, 15th January 2016? That would be mid January...
We shall see!
Hope so need to spread mine out.
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star dust
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Post by star dust on Jan 14, 2016 10:54:51 GMT
No details yet, but four equal sized tranches of land 70% LTV £1.750m have appeared in the pipeline.
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sam i am
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Post by sam i am on Jan 14, 2016 13:06:06 GMT
No details yet, but four equal sized tranches of land 70% LTV £1.750m have appeared in the pipeline. Why four tranches? Will there be any significant differences between the tranches? It sounds like this is all secured on the same land. Maybe the borrower needs funds at staged intervals. Maybe this is just an attempt to get the loans filled more easily. £7m to one borrower is a big ask even with the demand we are currently seeing for SS loans.
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SteveT
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Post by SteveT on Jan 14, 2016 13:18:28 GMT
No details yet, but four equal sized tranches of land 70% LTV £1.750m have appeared in the pipeline. Why four tranches? Will there be any significant differences between the tranches? It sounds like this is all secured on the same land. Maybe the borrower needs funds at staged intervals. Maybe this is just an attempt to get the loans filled more easily. £7m to one borrower is a big ask even with the demand we are currently seeing for SS loans. I'd guess it's to give the borrower flexibility over repaying the loan back in stages on different dates.
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Post by ladywhitenap on Jan 14, 2016 13:20:35 GMT
No details yet, but four equal sized tranches of land 70% LTV £1.750m have appeared in the pipeline. I see that these have not even been allocated the un-defined stage 0 status that has been used for Exeter DFL001, so I conclude it must be very immature? LW
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ben
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Post by ben on Jan 14, 2016 13:20:40 GMT
Why four tranches? Will there be any significant differences between the tranches? It sounds like this is all secured on the same land. Maybe the borrower needs funds at staged intervals. Maybe this is just an attempt to get the loans filled more easily. £7m to one borrower is a big ask even with the demand we are currently seeing for SS loans. I'd guess it's to give the borrower flexibility over repaying the loan back in stages on different dates. I would guess it be unlikely they need all 7 million on day one so saves money over time if get the loans seperated, so they do not need to pay interest on all the money from day one
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ablender
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Post by ablender on Jan 14, 2016 13:22:34 GMT
I think this also allows SS to release funds when certain targets have been reached which will increase the value of the land and thus keeps the LTV at the same level. I also hope that this means that all tranches will have the same level of security (priority).
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mikes1531
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Post by mikes1531 on Jan 14, 2016 15:19:18 GMT
No details yet, but four equal sized tranches of land 70% LTV £1.750m have appeared in the pipeline. I have a problem with the pre-funding settings for these new additions to the pipeline. Tranche A appeared with pre-funding set to zero, while the other three tranches appeared with pre-funding set to the 'default' amount set at the top of the Pipeline page. Is it just me? Did anyone else have a problem?
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ablender
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Post by ablender on Jan 14, 2016 15:39:34 GMT
I left my default at £0 and then I place an amount on a case by case basis.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 14, 2016 15:42:23 GMT
No details yet, but four equal sized tranches of land 70% LTV £1.750m have appeared in the pipeline. I have a problem with the pre-funding settings for these new additions to the pipeline. Tranche A appeared with pre-funding set to zero, while the other three tranches appeared with pre-funding set to the 'default' amount set at the top of the Pipeline page. Is it just me? Did anyone else have a problem? Yes;mine was exactly the same. I was able to bring it in to line however.Thought it was just me.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 14, 2016 15:46:01 GMT
Both accounts I have dealings with are OK
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