sam i am
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Post by sam i am on Sept 8, 2015 15:14:01 GMT
In all the excitement with the launch of PBL 56, it was easy to miss that PBL 54 has now drawn down.
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Post by wickedxuk on Jul 25, 2016 8:22:14 GMT
PBL054 - Land in Hull
SECURITY VALUE
- £3,250,000
LOAN VALUE
- £1,787,500
LOAN TO VALUE
- 55%
REMAINING TIME
- 44 days
As there isn't much information and just is due to be repaid/renew I thought it might be worth having it's own thread. I'm invested in this loan and can see the potential.
The current update is:
1 Month ago and 2 weeks ago: "We have offered to finance an adjoining piece of land and renew the existing loan for a further 12 months. Details to follow within 3-4 weeks."
Obviously still waiting for an update so I don't expect much to happen in this thread but I would be interested to know everyone's thoughts wrt renewing the loan?
I'm from Hull although don't live there any more since last year. I still have ties and always will (BTL properties and family) and are subsequently travelling and staying in Hull about 10minutes from PBL054 next weekend for both business and pleasure.
If there is anything anyone would like to know about the land or anything I can investigate while I'm there I would be more then happy to oblige.
Some further information that investors may be interested in:
<mod redacted link which aids borrower identification>
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 25, 2016 8:44:46 GMT
PBL054 - Land in Hull SECURITY VALUE - £3,250,000 LOAN VALUE - £1,787,500 LOAN TO VALUE - 55% REMAINING TIME - 44 days As there isn't much information and just is due to be repaid/renew I thought it might be worth having it's own thread. I'm invested in this loan and can see the potential. The current update is: 1 Month ago and 2 weeks ago: "We have offered to finance an adjoining piece of land and renew the existing loan for a further 12 months. Details to follow within 3-4 weeks." Obviously still waiting for an update so I don't expect much to happen in this thread but I would be interested to know everyone's thoughts wrt renewing the loan? I'm from Hull although don't live there any more since last year. I still have ties and always will (BTL properties and family) and are subsequently travelling and staying in Hull about 10minutes from PBL054 next weekend for both business and pleasure. If there is anything anyone would like to know about the land or anything I can investigate while I'm there I would be more then happy to oblige. Some further information that investors may be interested in: <mod redacted link which aids borrower identification> Ah, youre going to be in trouble! Youll muck up cooling_dude lovely index if you go around starting threads for loans  PBL54 has a thread here
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Post by buttchopf23 on Jul 25, 2016 8:45:33 GMT
Hello
It would be great to hear your thoughts after you traveled to the site. Always welcome some "insight" Infos.
I am invested in this loan as well and it would be great if the loan could be renewed.
Regards
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Post by wickedxuk on Jul 25, 2016 8:48:13 GMT
oooops... ilmoro.. I did a search but could not find that thread.. probably because I was searching for PBL054... Content to delete if required! Don't want duplication of information!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Jul 25, 2016 8:53:54 GMT
oooops... ilmoro.. I did a search but could not find that. thread.. probably because I was searching for PBL054... Content to delete if required! Don't want duplication of information! Mods can merge them probably if its an issue, you probably need to remove the link to that webpage as it IDs borrower [edit stardust has done it]
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Jul 25, 2016 9:02:47 GMT
oooops... ilmoro.. I did a search but could not find that thread.. probably because I was searching for PBL054... Content to delete if required! Don't want duplication of information! If you look in the first of the pinned threads at the top of the SS Forum page you will find this thread p2pindependentforum.com/post/113880/thread which helpfully gives you a link for discussions on all SS loans.
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archie
Posts: 1,866
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Post by archie on Jul 25, 2016 9:06:04 GMT
oooops... ilmoro.. I did a search but could not find that thread.. probably because I was searching for PBL054... Content to delete if required! Don't want duplication of information! I believe the early loans originally only had 2 digits, the extra zero was added later as they got nearer to 100.
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star dust
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Post by star dust on Jul 25, 2016 9:16:05 GMT
At the OP's ( wickedxuk ) request I have merged the two threads, the OP can delete their duplicated post if they want to. In Edit: Bit confusing, I just realised that I was the OP of this particular thread , was referring to the thread that has been merged into it. |
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Post by wickedxuk on Jul 25, 2016 9:25:10 GMT
Sorry...creating havoc here....thread deleted as to simplify... thanks star dust |
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Post by wickedxuk on Jul 25, 2016 9:30:28 GMT
oooops... ilmoro.. I did a search but could not find that thread.. probably because I was searching for PBL054... Content to delete if required! Don't want duplication of information! I believe the early loans originally only had 2 digits, the extra zero was added later as they got nearer to 100. Thanks archie that makes sense. How is the general feeling on this loan been renewed? I would like to know if people feel comfortable with this? I personally do. Having lived in Hull and spent many times on St Andrews Quay I can with some confidence say more retail (and other) options would be welcomed by most. I'm not too convinced of the Sainsbury's or the M&S considering the popularity of Tesco in St Stephens, however I don't suppose that will effect us once the loan is repaid.
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mikes1531
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Post by mikes1531 on Jul 25, 2016 13:11:44 GMT
How is the general feeling on this loan been renewed? I would like to know if people feel comfortable with this? I personally do. Having lived in Hull and spent many times on St Andrews Quay I can with some confidence say more retail (and other) options would be welcomed by most. I'm not too convinced of the Sainsbury's or the M&S considering the popularity of Tesco in St Stephens, however I don't suppose that will effect us once the loan is repaid. If the amount of security can be increased so that the replacement loan wouldn't have an increased LTV, then I have no problem with a renewal and would be happy to invest in it.
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sam i am
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Post by sam i am on Sept 6, 2016 16:51:36 GMT
I'm not in this loan but I notice from the platform that this has now been repaid.
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