SteveT
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Post by SteveT on Jan 16, 2016 15:28:52 GMT
Thought it looked familiar! I used to walk there a lot when I lived up that way.
The Ridgeway path at Ivinghoe Beacon is a fabulous spot to watch Red Kites cruise past you at eye-level.
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oldgrumpy
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Post by oldgrumpy on Jan 16, 2016 15:40:02 GMT
Thought it looked familiar! I used to walk there a lot when I lived up that way. The Ridgeway path at Ivinghoe Beacon is a fabulous spot to watch Red Kites cruise past you at eye-level. David Hughes's original photograph, from which SS's image was cropped, reaches across as far as the Chiltern scarp, including Ivinghoe Beacon. Attachments:
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ilmoro
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'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 16, 2016 15:47:00 GMT
A picture is worth a thousand words
In this case it seems to be saying,
'hurry up with the new loans or at least something we can do a bit of duedil on as currently we're all so bored after the botgate excitement that we're reduced to doing duedil on the picture'
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will
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Post by will on Jan 16, 2016 16:00:01 GMT
I thought it was the screen picture from Windows (6?, 7?, 12?)
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SteveT
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Post by SteveT on Jan 16, 2016 16:06:33 GMT
Thought it looked familiar! I used to walk there a lot when I lived up that way. The Ridgeway path at Ivinghoe Beacon is a fabulous spot to watch Red Kites cruise past you at eye-level. David Hughes's original photgraph, from which SS's image was cropped, reaches across as far as the Chiltern scarp, including Ivinghoe Beacon. Just a stone's throw from Marsworth too, for inland waterway enthusiasts 
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oldgrumpy
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Post by oldgrumpy on Jan 16, 2016 16:14:29 GMT
David Hughes's original photgraph, from which SS's image was cropped, reaches across as far as the Chiltern scarp, including Ivinghoe Beacon. Just a stone's throw from Marsworth too, for inland waterway enthusiasts I can't make it that far south without doing a three week (or more) jaunt. The furthest south I've navigated is Norton Junction and Braunston (they're right posh down there!).
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 16, 2016 17:41:12 GMT
Just had an e-mail from SS with some updated information on the pipeline bridging loans.
Seems the Boatyard in Scotland is still on the list, so SS haven't given up hope on it yet.
Some activity happening late this month……
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Residential and Retail Development, Hull
Waiting on a new valuation document. This will likely drawdown later in January.
Land with OPP, Sunningdale, Surrey
Legals instructed. The valuation has come in below expectation. The buyer and vendor are in discussions in order to move forward.
Lowestoft Marina, Suffolk
Delayed until early Feb as the borrower is rearranging his SIPP.
Eyemouth Boat Yard, Berwickshire
Delayed until early Feb as the borrower is rearranging his SIPP.
Semi Detached House, Great Bookham, Surrey
In legals aiming to complete on the 28th Jan.
Land with planning potential, Durham
In legals, hope to complete before end of Jan
1,000 acres farmland, Bedfordshire
This is now in legals, hope to complete end of Jan. We have split it into 4 tranches to facilitate a tranched drawdown and repayment schedule. All tranches will have equal priority.
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oldgrumpy
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Post by oldgrumpy on Jan 16, 2016 17:45:45 GMT
Meanwhile the Scottish boatyard loan, location of image to be confirmed by CSI Grumps, is apparently being renewed on FS, so interesting to see what happens to SS one It was located and discussed somewhere couple of weeks ago, was wondering how this would pan out. Another one off the list of SS upcomings, then. Shame. SS had the right picture, too  Interesting. The latest SS update suggests that the renewal on FS is a convenience that will be repaid early when the borrower sorts his ships ... I mean SIPPS. What the update also says is that the Lowestoft Marina borrower is doing exactly the same thing. What a coincidence! That makes me wonder if it is the same borrower.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 16, 2016 17:51:34 GMT
Also from the same e-mail
Sounds good to me; hope it means that we'll see an increase in pipeline loans in the coming year.
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ablender
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Post by ablender on Jan 16, 2016 18:00:39 GMT
It was located and discussed somewhere couple of weeks ago, was wondering how this would pan out. Another one off the list of SS upcomings, then. Shame. SS had the right picture, too Interesting. The latest SS update suggests that the renewal on FS is a convenience that will be repaid early when the borrower sorts his ships ... I mean SIPPS. What the update also says is that the Lowestoft Marina borrower is doing exactly the same thing. What a coincidence! That makes me wonder if it is the same borrower. He must have been SIPPing his coffee and got in the wrong pipe. He is probably coughing now.
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mikes1531
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Post by mikes1531 on Jan 16, 2016 20:18:54 GMT
It was located and discussed somewhere couple of weeks ago, was wondering how this would pan out. Another one off the list of SS upcomings, then. Shame. SS had the right picture, too Interesting. The latest SS update suggests that the renewal on FS is a convenience that will be repaid early when the borrower sorts his ships ... I mean SIPPS. Either that, or the borrower is stringing both platforms along, waiting to see which platform will offer them the best deal in the end. AFAIK, FS charge an upfront fee to set up a loan, but if they don't do that for renewals the borrower effectively could renew/extend the FS loan 'penalty-free' while continuing to negotiate with SS to see if they can get SS to offer the a better deal than what they can get with FS. If there is a renewal fee at FS but it's relatively low because all FS's duedil already has been done and doesn't need revisiting, and the upfront fee at SS is significant because they have to do their own duedil, then SS will be hard-pressed to compete. All we can do is watch and wait and see what develops.
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sam i am
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Post by sam i am on Jan 19, 2016 18:32:22 GMT
DFL002 - Exeter Quayside (I believe the development of PBL50) is now on the pipeline loans page. There's also a campsite in Lytham St Annes with planning and an office site with planning for a care home in Peterborough. Edit: DFL001 and the Bedfordshire farmland loans have also been promoted from stage 0 to stage 1. Another edit: I wonder if savingstream will offer a rollover facility for DFL002 for those already invested in PBL50 (assuming it is the same borrower and the original loan will be repaid)? |
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Post by savingstream on Jan 20, 2016 13:14:11 GMT
DFL002 - Exeter Quayside (I believe the development of PBL50) is now on the pipeline loans page. There's also a campsite in Lytham St Annes with planning and an office site with planning for a care home in Peterborough. Edit: DFL001 and the Bedfordshire farmland loans have also been promoted from stage 0 to stage 1. Another edit: I wonder if savingstream will offer a rollover facility for DFL002 for those already invested in PBL50 (assuming it is the same borrower and the original loan will be repaid)? We are leaning towards repaying the loan and launching it as new.
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sam i am
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Post by sam i am on Jan 20, 2016 17:55:45 GMT
DFL002 - Exeter Quayside (I believe the development of PBL50) is now on the pipeline loans page. There's also a campsite in Lytham St Annes with planning and an office site with planning for a care home in Peterborough. Edit: DFL001 and the Bedfordshire farmland loans have also been promoted from stage 0 to stage 1. Another edit: I wonder if savingstream will offer a rollover facility for DFL002 for those already invested in PBL50 (assuming it is the same borrower and the original loan will be repaid)? We are leaning towards repaying the loan and launching it as new. Thanks for the reply. A rollover would be appreciated (by me at least) as it would help existing lenders keep their money invested if they wanted the new loan. I suspect anyone with any significant holding might find that their new investment is lower than their current one and they end up with spare cash on their hands. Having said that, I'm sure that offering a rollover would create additional work in terms of extra administration and/or system development. Probably not worth doing unless there are likely to be more rollovers in future. So I class this as a nice to have rather than essential. Maybe existing lenders could have preference in the pre-funding 
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webwiz
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Post by webwiz on Jan 20, 2016 18:11:38 GMT
Maybe existing lenders could have preference in the pre-funding
It is not immediately obvious to me why they should. They have already enjoyed some interest. Maybe priority should be given to those who have not? In practice I expect there will be no priority, just bottom up filling, and I think that's right.
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