Post by hubert on Sept 20, 2022 7:07:29 GMT
In the addendum March 2021, it says there have been legal challenges to some A****s’s SPCs loans by a group of
companies that have been paid back to the company, which they are fighting.
Taking Loan 74 as an example, why is the borrower prepared to pay all the additional charges involved with recovery, as it appears our security is a very low percentage of the value. Unless, of course, the borrowers have found a loophole in our security to exploit.
The statement made by Ablrate in the March 21 addendum could have a bearing.
Are our charges indeed as secure as it appears in the borrowing proposal ?
The flats are for sale on Rightmove who say the development is under construction. 28 flats @ £195k. Development value £5.46m. Capital owed to lenders is £292k plus currently £16k interest.
companies that have been paid back to the company, which they are fighting.
Taking Loan 74 as an example, why is the borrower prepared to pay all the additional charges involved with recovery, as it appears our security is a very low percentage of the value. Unless, of course, the borrowers have found a loophole in our security to exploit.
The statement made by Ablrate in the March 21 addendum could have a bearing.
Are our charges indeed as secure as it appears in the borrowing proposal ?
The flats are for sale on Rightmove who say the development is under construction. 28 flats @ £195k. Development value £5.46m. Capital owed to lenders is £292k plus currently £16k interest.