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Post by dodgeydave on Jun 10, 2016 13:00:26 GMT
Snap.
Still hunting around to see what else i cant find
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adrianc
Member of DD Central
Posts: 10,041 
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Post by adrianc on Jun 10, 2016 14:05:09 GMT
New PBL pipeline loan. Industrial Estate in Fife, £2.45m loan against £3.75m valuation - 65% LTV. Straight in at stage 3. A quick look online and I can't find the borrower (who is indicated in the valuation report). Misspelt? Or so new that's they have yet to be registar on the companies house database? There's a property firm registered in Perth. Instead of M***ay G****f**** Ltd, try M***in G****f**** Ltd. Newish company, registered Dec 2014. Only one director - and he changed in Jan this year. So I'm not sure the Ltd is going to give us a lot of traction for DD. Looks like a shell/SPV. That one director has a lot of other activities, though, mostly in the property sector by the look. Googling his name finds strong links to a construction firm that describes itself as family-run and the largest building contractor in the (not terribly wide) area. A "one-stop shop", apparently.
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goopy
Member of DD Central
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Post by goopy on Jun 10, 2016 14:20:41 GMT
There's a property firm registered in Perth. Instead of M***ay G****f**** Ltd, try M***in G****f**** Ltd. Newish company, registered Dec 2014. Only one director - and he changed in Jan this year. So I'm not sure the Ltd is going to give us a lot of traction for DD. Looks like a shell/SPV. That one director has a lot of other activities, though, mostly in the property sector by the look. Googling his name finds strong links to a construction firm that describes itself as family-run and the largest building contractor in the (not terribly wide) area. A "one-stop shop", apparently. This company was incorporated 4/12/14. The previous owners of the property went into liquidation 18/12/14, coincidence?
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adrianc
Member of DD Central
Posts: 10,041
Likes: 5,156
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Post by adrianc on Jun 10, 2016 14:21:45 GMT
There's a property firm registered in Perth. Instead of M***ay G****f**** Ltd, try M***in G****f**** Ltd. Newish company, registered Dec 2014. Only one director - and he changed in Jan this year. So I'm not sure the Ltd is going to give us a lot of traction for DD. Looks like a shell/SPV. That one director has a lot of other activities, though, mostly in the property sector by the look. Googling his name finds strong links to a construction firm that describes itself as family-run and the largest building contractor in the (not terribly wide) area. A "one-stop shop", apparently. This company was incorporated 4/12/14. The previous owners of the property went into liquidation 18/12/14, coincidence? You cynic.
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jimbob
Member of DD Central
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Post by jimbob on Jun 10, 2016 14:39:48 GMT
We're swimming with the sharks here boys  |
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locutus
Member of DD Central
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Post by locutus on Jun 10, 2016 15:06:09 GMT
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Jun 10, 2016 15:23:58 GMT
A quick look online and I can't find the borrower (who is indicated in the valuation report). Misspelt? Or so new that's they have yet to be registar on the companies house database? There's a property firm registered in Perth. Instead of M***ay G****f**** Ltd, try M***in G****f**** Ltd. Newish company, registered Dec 2014. Only one director - and he changed in Jan this year. So I'm not sure the Ltd is going to give us a lot of traction for DD. Looks like a shell/SPV. That one director has a lot of other activities, though, mostly in the property sector by the look. Googling his name finds strong links to a construction firm that describes itself as family-run and the largest building contractor in the (not terribly wide) area. A "one-stop shop", apparently. They do seem to fit the bill, but not going to speculate on any information until we're provided concrete confirmation. Does make you wonder; if the valuation company can't spell the applicant's name correctly... then what other details they have overlooked, or just plain got wrong...
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adrianc
Member of DD Central
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Post by adrianc on Jun 10, 2016 16:12:55 GMT
But... but... but... The Daily Wail forgot to mention how much his house is worth! How are we meant to know how outraged to be...?
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Jun 10, 2016 16:19:08 GMT
But... but... but... The Daily Wail forgot to mention how much his house is worth! How are we meant to know how outraged to be...? And... no sad faces! ...tut-tut daily wail; losing their touch  !
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agent69
Member of DD Central
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Post by agent69 on Jun 11, 2016 9:24:18 GMT
New PBL pipeline loan. Industrial Estate in Fife, £2.45m loan against £3.75m valuation - 65% LTV. Straight in at stage 3. Looking at the photos it could definitely benefit from a bit of TLC, but with a golf course and airfield nearby it must have potential.
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Post by grodecki on Jun 11, 2016 9:47:37 GMT
This cemetery is somewhat concerning to me. I find it a bit confusing as it seems like a terrible investment but surely SS must have some faith in it? I'm staying resoundingly out of that one.
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Liz
Member of DD Central
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Post by Liz on Jun 11, 2016 18:37:53 GMT
The valuation on the new Fife industrial pipeline loan, seems a bit vague.
I don't know I Iike this loan or not.
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Post by nanniema on Jun 13, 2016 16:10:57 GMT
Better make your mind up - it's about to go live.
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jamesc
Member of DD Central
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Post by jamesc on Jun 13, 2016 16:17:15 GMT
Ten loans just appeared with PBL numbers !!!!!!
That might sap some demand
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treeman
Member of DD Central
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Post by treeman on Jun 13, 2016 16:18:09 GMT
Bl**dy hell ! - have you seen the pipelines page  ? !!!!!!!!!!!!!!!!!! Three sub £1M and seven over. The Fife Ind Est plus 9 new ones. |
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