Post by scooter on Feb 13, 2024 22:35:29 GMT
Did anyone get an uplift in interest rates - I didn't. Slippery or slip up? Again, I may get a quicker answer from someone who didn't take the compound interest option.
Loan Update May 22, 2023 17:16:33
After our face-to-face meeting with our client, we are now in a position to move forward with an 8-month extension... The LTGDV of this loan will be 82.32% but the two sales that have already completed (with all sale proceeds previously shared with investors) have been at an average of c.10% above original expected asking prices, so we expect the final LTGDV to be lower than this. Investors will see an uplift in their rates in due course. The original loan end date was 17/02/2023 and the new loan end date will be 16/10/2023.
There is no re-term information in the Agreement Schedule
There is no information about the promised uplift in rates under loan re-term Information.
Loan Update May 22, 2023 17:16:33
After our face-to-face meeting with our client, we are now in a position to move forward with an 8-month extension... The LTGDV of this loan will be 82.32% but the two sales that have already completed (with all sale proceeds previously shared with investors) have been at an average of c.10% above original expected asking prices, so we expect the final LTGDV to be lower than this. Investors will see an uplift in their rates in due course. The original loan end date was 17/02/2023 and the new loan end date will be 16/10/2023.
There is no re-term information in the Agreement Schedule
There is no information about the promised uplift in rates under loan re-term Information.
