Yes 24th
Here you are
NEW LOAN ALERT
PBL 025 - We have gone live with our biggest loan so far today - £3m against £4.79m of land with planning for 252 student “pods” in Huddersfield. The borrower is experienced, has completed one of these builds recently in Bradford and is currently building another similar site next door which is fully funded. He has a strong Personal Guarantee. We have £1.5m already committed from underwriters, we expect this to fill very quickly. Funds are to acquire further investment opportunities.
COMPLETIONS ALERT
PBL 020 - We are pleased to finally announce the completion of this loan today. All cashback has now been paid to investors along with interest and upfront interest where applicable.
PBL 004b - We are pleased to announce the completion of this loan today. Interest will be paid as standard at the end of Feb 2015.
PBL 023 - We are pleased to announce the completion of this loan today. Interest will be paid as standard at the end of Feb 2015.
Existing Loans
PBL 004a – No change from last week.
PBL 004b – COMPLETED!
PBL 005 – No change from last week.
PBL 006 – No change from last week.
PBL 007 – No change from last week.
PBL 008 – No change from last week.
PBL 010 – No change
PBL 011/012/013 – No change from last week.
PBL 014 – No change from last week.
PBL 015 – No change from last week.
PBL 016/017/018 – Funds with solicitors, hoping to complete early this week.
PBL 019 – Funds with solicitors. All docs signed, waiting on delays at Land Registry to release existing charges.
PBL 020 – COMPLETED!
PBL 021 – No change from last week.
PBL 022 – No change from last week.
PBL 023 – COMPLETED!
PBL 024 – Should be completed by the end of this week.
Pipeline Loans
Large farm with livery business adjoining the woodland in East Sussex. Loan c£300k. Solicitors Instructed. Should complete at same time as PBL 24. Will go live nearer the time.
Large residential care home in Chichester, West Sussex. Solicitors instructed – Value £1.5m, Loan £900k. Going live next week.
Hotel in Maidenhead, value £750, loan £450-500k.
Restaurant in Tunbridge Wells. We will lend on a Bricks and Mortar basis. Value £425k.
Large portfolio of properties in Gloucestershire, value £3.5m, loan of £2.25m.
Thank you for investing in Saving Stream.
Kind regards,
The Saving Stream Team
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