With super efficiency
ilmoro has already updated his table, and I expect you have all got the general update email by now, but just for completeness here it is
(the bit in blue is mine) the spelling mistakes are theirs
"COMPANY NEWS
Find out more about Saving Stream by watching our latest company video.
We have continued our recruitment efforts and are very pleased to announce the following new starters:
A*** D****** (Development Finance Director) who joins us from Santander, and M**** P**** (Head of Legal) who joins us from Clarke Willmott. These new team members have a wealth of experience in property lending and property law, and will contibute greatly to the strength of the Lendy team.
________________________________________
REPAID LOANS
PBL022 was repaid this week. (£945,000)
________________________________________
EXISTING LOANBOOK
PBL006 - No change.
PBL019 - Expecting repayment first week of June.
PBL020 - We have put this loan into default and have instructed administrators to recover the loan. Clarke Willmott have been instructed to act on our behalf. Opus LLP have been instructed to act as Administrators. There is interest from a number of potential buyers. The reason for the default is the sale fell through and the borrower does not have the funds to repay on time.
PBL025 - Construction due diligence still ongoing. Drawdown expected within a week.
PBL026 - Valuation received, going to auction. Borrower putting property into auction in order to repay our funds. This will take 6-8 weeks.
PBL027, PBL031 - No change.
PBL033 - They have received full planning permission to increase the number of units in the scheme which has increased the overall value of the property. Refinance with high street bank, in legals.
PBL035 - Expecting full repayment next week.
PBL036 - Expected repayment next week.
PBL040; PBL042- No change.
PBL046 - Advised that repayment expected early next month.
PBL047 - £500,000 expected repayment in June.
PBL048 - No change.
PBL049 - Expected repayment June.
PBL051; PBL052 - No change. .
PBL053 - Expected repayment imminently.
PBL054 - Repayment expected around due date.
PBL055 - No change.
PBL056 - Advised that repayment expected early next month.
PBL057 - No change.
PBL058 - Probable repayment next week.
PBL060 - We are looking at offering development finance on this, currently going through due diligence.
PBL061 - Expecting repayment from an investment fund soon.
PBL062; PBL063 - Refinance offer received. In legals to repay.
PBL064; PBL065 - No change.
PBL066; PBL067- Still negotiating with client.
PBL068 - No change.
PBL037; PBL038; PBL039; PBL069; PBL070; PBL071 - Repayment expected shortly.
PBL072 - Will automatically become a first charge loan on repayment of PBL59.
PBL073 –
(no info given)PBL074; PBL075; PBL077; PBL078; PBL079; PBL080; PBL081; PBL082; PBL084; PBL085; PBL086; PBL088; PBL089; PBL090; PBL091; PBL092; PBL093; PBL094; PBL095; PBL096; PBL097; PBL098- No change.
PBL100 - This loan has now been drawn down.
DFL001 - Completion today, first tranche sent to borrower.
DFL002 - No change."