jamesc
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Post by jamesc on Nov 9, 2016 1:23:09 GMT
Time on this and PBL55 both been updated at 316 days does that mean that 12 months interest was paid upfront rather than the quarterly in advance in the last updates ?
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Carter
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Post by Carter on Nov 9, 2016 13:05:43 GMT
Good to see. I would interpret this as interest being paid for the full term of the extension but would be nice to see SS
confirm via an update. Glad I held onto this one now:-)
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Post by savingstream on Nov 9, 2016 13:17:09 GMT
Good to see. I would interpret this as interest being paid for the full term of the extension but would be nice to see SS confirm via an update. Glad I held onto this one now:-) The loan has been officially documented for a year and they are paying quarterly in advance.
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adrianc
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Post by adrianc on Nov 9, 2016 13:29:00 GMT
Good to see. I would interpret this as interest being paid for the full term of the extension but would be nice to see SS confirm via an update. Glad I held onto this one now:-) The loan has been officially documented for a year and they are paying quarterly in advance. I thought all interest for the entire loan period shown on the site was held by you...? Is this loan an exception to that, or is that a misunderstanding on my part?
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Carter
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Post by Carter on Nov 9, 2016 13:33:06 GMT
Thanks for the clarification SS, so no change from the original updates. I wasn't expecting the remaining days to be reflected this way but as long as the status is clear to investors and receipt of the quarterly payments is confirmed through the period then investors will be reassured I'm sure.
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SteveT
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Post by SteveT on Nov 9, 2016 13:49:25 GMT
Good to see. I would interpret this as interest being paid for the full term of the extension but would be nice to see SS confirm via an update. Glad I held onto this one now:-) The loan has been officially documented for a year and they are paying quarterly in advance. So what come-back (if any) would there be on the option holder if they decided not to take up their option to purchase and stopped paying further quarterly interest? Beyond their costs already incurred, is there any further barrier to their walking away?
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copacetic
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Post by copacetic on Oct 6, 2017 15:22:40 GMT
There was a new PBL loan for this security in the pipeline which has now disappeared. From memory (since I didn't take a screenshot), the company that owns the land was being acquired by the developer and around 100k cash was to be injected into it reducing the loan amount. Lendy were waiting on a new valuation to confirm the LTV (would have been 38%). Have Lendy received the new valuation and was it as expected? Perhaps an explanation from Lendy Support would be useful to prevent speculation by some of us hardened cynics and pessimists that float about here! |
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elliotn
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Post by elliotn on Oct 6, 2017 15:38:38 GMT
Weekly update would have been the perfect opportunity.
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twoheads
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Programming
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Post by twoheads on Dec 22, 2017 13:50:48 GMT
This loan has just been extended by 210 days. Term has been increased from -30 to +180.
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copacetic
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Post by copacetic on Dec 22, 2017 15:50:57 GMT
I like seeing loans where the borrower has made a partial capital repayment rather than endless extenions and increases to pay the interest. A quarter million seems like a decent vote of confidence that the borrower thinks the project is worth while.
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Post by charliebrown on Jun 22, 2018 10:48:04 GMT
Fortnightly BS “Subsequent to the previous update, we have been contacted by the borrower’s broker to inform us that the borrower is planning to redeem the Loan on 15 June 2018”.
So, that would be yet another lie then. Lendy’s endless lies would put Pinocchio to shame.
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Post by p2plender on Jun 22, 2018 11:07:30 GMT
Don't upset the Lendy cheerleaders with honest comment! Even the fortnightly BS has become tiresome.
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r1200gs
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Post by r1200gs on Jun 22, 2018 11:10:26 GMT
Fortnightly BS “Subsequent to the previous update, we have been contacted by the borrower’s broker to inform us that the borrower is planning to redeem the Loan on 15 June 2018”. So, that would be yet another lie then. Lendy’s endless lies would put Pinocchio to shame. Just because it didn't happen does not mean you were lied to. Just saying.
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Post by charliebrown on Jun 22, 2018 11:37:51 GMT
Fortnightly BS “Subsequent to the previous update, we have been contacted by the borrower’s broker to inform us that the borrower is planning to redeem the Loan on 15 June 2018”. So, that would be yet another lie then. Lendy’s endless lies would put Pinocchio to shame. Just because it didn't happen does not mean you were lied to. Just saying. Well, someone told a lie. Perhaps LY didn’t lie they merely passed on a lie without verification, a bit like they did with Wolves.
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Jeepers
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Post by Jeepers on Jun 22, 2018 11:59:01 GMT
Hold your horses. It's only a few days overdue. We'll be getting another update in a few hours.
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