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Post by MoneyThing on May 3, 2016 10:28:26 GMT
Morning,
MTAF279 & MTAF280 - Just awaiting to hear back from the borrower. It is looking like the cars are about to be sold, but the timing might mean a rollover for a short period of time. Will revert back as soon as I have confirmation.
MT281 - will be repaid to lenders at the loan end date.
CS Loans - All the CS loans due to end in May will continue to roll over.
Kind regards,
Ed
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Post by MoneyThing on May 5, 2016 11:34:56 GMT
Morning, MTAF279 & MTAF280 - Just awaiting to hear back from the borrower. It is looking like the cars are about to be sold, but the timing might mean a rollover for a short period of time. Will revert back as soon as I have confirmation. MT281 - will be repaid to lenders at the loan end date. CS Loans - All the CS loans due to end in May will continue to roll over. Kind regards, Ed Afternoon, Apologies for leaving it a little late on in the day with respect to updates against the following loans due to end tomorrow: MTAF280 (Black SLS Roadster) - This loan will now be renewing for a further 6 month term. MTAF279 (Silver SLS Coupe) - This loan will be ending tomorrow and being replaced by another new loan of the same loan amount against a different SLS Coupe. The new loan will be going live at 4pm tomorrow. The above updates will be emailed out and the loans placed on 'Pending' shortly. Kind regards, Ed
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Post by MoneyThing on May 23, 2016 13:27:52 GMT
May & June Loan Updates
Afternoon,
Please find below brief update on loans that are due to end up to the end of June:
May:
25th - MTAI382 (£80,000 Property Loan in Prestbury - Tranche B) - Will be repaid on time.
26th to 29th - CSP285 to CSP288 £10,000 CS GAL's - Renewing (on Pending).
June:
1st - BPF289, 311, 370 & 378 (£621,250 Kingfisher facility) - Will now be repaid on time. The borrower has sought refinance elsewhere to allow them additional time to achieve best sale price.
2nd - AE290 & 291 (2 x £125,000 HP GAL's) - Renewing. (Email going out shortly and uploaded to Pending).
8th & 30th - MTAD292 & MTAD393 (£18,000 loan against E-Type Jaguar & £20,000 loan against Interceptor & MKII Jaguar) - Renewing.
21st - CSP309 (£70,000) - Renewing.
23rd - CSP302 to CSP305 (£20,000 each) - Renewing.
25th - MTAE294 to 301 (8 loans totalling £80,000 against Art) - Renewing. (Borrower has just launched their new gallery and are selling some other pieces before they redeem their loans with MT and be able to exhibit these pieces).
Emails to follow, however thought it would be useful to provide some advance notice to help with your planning.
Kind regards,
Ed
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Post by MoneyThing on Jun 1, 2016 6:54:37 GMT
May & June Loan UpdatesAfternoon, Please find below brief update on loans that are due to end up to the end of June: May:25th - MTAI382 (£80,000 Property Loan in Prestbury - Tranche B) - Will be repaid on time. 26th to 29th - CSP285 to CSP288 £10,000 CS GAL's - Renewing (on Pending). June:1st - BPF289, 311, 370 & 378 (£621,250 Kingfisher facility) - Will now be repaid on time. The borrower has sought refinance elsewhere to allow them additional time to achieve best sale price. 2nd - AE290 & 291 (2 x £125,000 HP GAL's) - Renewing. (Email going out shortly and uploaded to Pending). 8th & 30th - MTAD292 & MTAD393 (£18,000 loan against E-Type Jaguar & £20,000 loan against Interceptor & MKII Jaguar) - Renewing. 21st - CSP309 (£70,000) - Renewing. 23rd - CSP302 to CSP305 (£20,000 each) - Renewing. 25th - MTAE294 to 301 (8 loans totalling £80,000 against Art) - Renewing. (Borrower has just launched their new gallery and are selling some other pieces before they redeem their loans with MT and be able to exhibit these pieces). Emails to follow, however thought it would be useful to provide some advance notice to help with your planning. Kind regards, Ed UPDATE: BPF289, 311, 370 & 378 (£621,250 Kingfisher facility) - Capital & Interest repaid to lenders. Thank you to all those who participated.
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Post by MoneyThing on Jun 3, 2016 14:15:03 GMT
Afternoon,
I have just been informed by our partner, that the borrower has just redeemed the following two loans and capital & interest is on it's way over to MT. Once in receipt of funds, we will be repaying lenders:
PP374 - E-Type Jaguar (£50,000) PP375 - Aston Martin DBS (£45,000)
Kind regards,
Ed
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Post by MoneyThing on Jun 3, 2016 15:16:19 GMT
Afternoon, I have just been informed by our partner, that the borrower has just redeemed the following two loans and capital & interest is on it's way over to MT. Once in receipt of funds, we will be repaying lenders: PP374 - E-Type Jaguar (£50,000) PP375 - Aston Martin DBS (£45,000) Kind regards, Ed UPDATE: Funds received and lenders now repaid. Thank you to all those who participated. Kind regards, Ed.
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Post by MoneyThing on Jun 8, 2016 7:17:24 GMT
WARNING...
Morning,
Just wanted to let you know that having just undertaken the rollover on today's loan renewal (E-Type), 99.5% of participating lenders have opted in leaving just £90 going live today (i.e. two bids worth).
Kind regards,
Ed
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Post by MoneyThing on Jul 4, 2016 12:35:50 GMT
Afternoon,
Just a heads up that MTAF394 (£90,000 against a Mercedes SLS Roadster), is likely to end within the next few days. The borrower has taken a deposit for this car and the purchaser will look to complete the purchase later on this week.
Kind regards,
Ed
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Post by MoneyThing on Jul 15, 2016 12:19:10 GMT
Afternoon, Just a heads up that MTAF394 (£90,000 against a Mercedes SLS Roadster), is likely to end within the next few days. The borrower has taken a deposit for this car and the purchaser will look to complete the purchase later on this week. Kind regards, Ed UPDATE: Loan MTAF394 (as mentioned above), has now been repaid and lenders have been credited their capital & interest. Thank you to all who participated in this loan. New £133,000 supercar loan (1999 Lamborghini Diablo VT), going live at 4pm on Monday.
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Post by MoneyThing on Aug 15, 2016 9:58:24 GMT
Afternoon,
Just to let you know that it is looking like loans FP386 to 390 (B******* R********), will repay towards the end of this month. (They have got a mainstream lender lined up to refinance the loan).
Kind regards,
Ed
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Post by MoneyThing on Aug 16, 2016 19:35:45 GMT
Evening,
Apologies for the delays, however now everyone is back from holiday we will be looking to undertake the refinance of all the CS loans on Friday (which we will announce & put up on Pending tomorrow to go live at 4pm on Friday).
In addition:
RCC346 (£60,000 against a Ferrari 458 Italia), will be renewing on the 24th.
MTAF349 (£133,000 against a Ferrari F355 Convertible), will be repaying this Friday.
MTAF350 (£280,000 against a Lamborghini Countach), will probably be repaid this Friday to be replaced with 1 or 2 other cars.
Plus,
We will be announcing a new loan with RCC tomorrow of £52,500 against a 2016 Porsche 911 (911) GT3 Cup Car (50% LTV, 12% to lenders). Loan to go live on Thursday at 4pm.
Kind regards,
Ed
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SteveT
Member of DD Central
Posts: 6,873
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Post by SteveT on Aug 17, 2016 6:37:05 GMT
We will be announcing a new loan with RCC tomorrow of £52,500 against a 2016 Porsche 911 (911) GT3 Cup Car (50% LTV, 12% to lenders). Loan to go live on Wednesday at 4pm. I'm guessing that should read "go live on Thursday at 4pm" ?
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Post by MoneyThing on Aug 17, 2016 6:45:17 GMT
We will be announcing a new loan with RCC tomorrow of £52,500 against a 2016 Porsche 911 (911) GT3 Cup Car (50% LTV, 12% to lenders). Loan to go live on Wednesday at 4pm. I'm guessing that should read "go live on Thursday at 4pm" ? You are correct - my mistake. (Now amended).
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Post by MoneyThing on Aug 19, 2016 14:28:42 GMT
Evening, Apologies for the delays, however now everyone is back from holiday we will be looking to undertake the refinance of all the CS loans on Friday (which we will announce & put up on Pending tomorrow to go live at 4pm on Friday). In addition: RCC346 (£60,000 against a Ferrari 458 Italia), will be renewing on the 24th. MTAF349 (£133,000 against a Ferrari F355 Convertible), will be repaying this Friday. MTAF350 (£280,000 against a Lamborghini Countach), will probably be repaid this Friday to be replaced with 1 or 2 other cars. Plus, We will be announcing a new loan with RCC tomorrow of £52,500 against a 2016 Porsche 911 (911) GT3 Cup Car (50% LTV, 12% to lenders). Loan to go live on Thursday at 4pm. Kind regards, Ed UPDATE: MTAF349 Just awaiting payment shortly... MTAF350 Now renewing. Looking to lend against two new cars (c. £105,000 against a Mercedes SLR McLaren & c. £375,000 against a Bugatti Veyron), in about 2 to 3 weeks.
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Post by MoneyThing on Aug 20, 2016 8:07:49 GMT
Evening, Apologies for the delays, however now everyone is back from holiday we will be looking to undertake the refinance of all the CS loans on Friday (which we will announce & put up on Pending tomorrow to go live at 4pm on Friday). In addition: RCC346 (£60,000 against a Ferrari 458 Italia), will be renewing on the 24th. MTAF349 (£133,000 against a Ferrari F355 Convertible), will be repaying this Friday. MTAF350 (£280,000 against a Lamborghini Countach), will probably be repaid this Friday to be replaced with 1 or 2 other cars. Plus, We will be announcing a new loan with RCC tomorrow of £52,500 against a 2016 Porsche 911 (911) GT3 Cup Car (50% LTV, 12% to lenders). Loan to go live on Thursday at 4pm. Kind regards, Ed UPDATE: MTAF349 Just awaiting payment shortly... MTAF350 Now renewing. Looking to lend against two new cars (c. £105,000 against a Mercedes SLR McLaren & c. £375,000 against a Bugatti Veyron), in about 2 to 3 weeks. UPDATE: MTAF349 - Whilst the repayment was initiated yesterday, it was just after the bank cut-off time and as such it will now clear on Monday and be repaid to lenders then. Regards, Ed.
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