Post by ilmoro on Nov 15, 2015 13:25:03 GMT
UPDATE EMAIL
We appreciate investors' desire to be kept up to date with loans. However, these general updates are sent when we have new information to share with our investors, and as such do not adhere to a strict weekly schedule.
PIPELINE LOANS
After an extremely busy September, we elected to have a quieter October, to allow a period of recovery on the platform. Now we are in November, we are gradually increasing the pipeline and have loans underway with solicitors. We hope a number will go live next week.
1ST PLACE IN P2P FORUM POLL
Saving Stream has been voted the best P2P platform in 2015 in a poll run by the P2P Independent Forum. Investors voted Saving Stream into first place out of 43 P2P platforms in the poll, which included the three biggest names Funding Circle, Zopa and Ratesetter. p2pindependentforum.com/post/54825/thread
NEW PREMISES AND EXPANSION
A permanent headquarters has been purchased for Lendy Ltd.
We are looking to expand our team and hire Business Development Managers to originate loans and handle the existing portfolio. In addition, we are seeking a Property Development Finance Manager to run our development finance portfolio.
REPAID LOANS
PBL15 has been repaid in full.
CHANGING EXISTING LOANS TO NEW STRUCTURE
There are various loans currently being ammended to sit under the new structure. Once they have completed they will be identified as such in the 'Loan updates' tab of each loan.
EXISTING LOANBOOK
PBL4a/b
We have confirmation from a new lender that they will be repaying our loan and providing the borrower with development finance for the scheme. This will likely take two months to get through legals. The borrower is covering the interest in the meantime.
PBL6
This is still in legals with bank.
Superyacht
The borrower has secured a purchaser and it is currently in legals.
PBL16 / PBL17 / PBL 18
Barclays has made an offer of refinance and it is in legals.
PBL19 - Hotel, Dover
A new lender has been agreed and it is currently in legals.
PBL20 - Garden Centre,
A planning application has been submitted, which will increase its value to £3.6 million, if approved in eight weeks. There are various lenders aaleady in place to repay on receipt of planning aproval.
PBL21 - , Southsea
The sale is set to be completed imminently.
PBL22 - land, Bedford
Another lender has made an offer and it is in legals. Interest is still held on account.
PBL25 - Development land, Huddersfield
No change.
PBL26 - Development site, Stockport
This loan is in legals to extend, with the addition of a further £200k worth of security.
PBL27 - , Fleetwood
No change.
PBL28 - Field, Roebeck, Ryde
Being taken out by another lender. In legals.
PBL29 - , East Kilbride
We are working closely with the broker to organise a January repayment.
PBL31 - Farm, Ponyclun
The borrower has found an investor to pay interest and fees for a further six months and it is in legals.
PBL33 - , Hemel Hempstead
No change.
PBL35 - , Pickering
No change.
PBL36 - , Southsea
The loan is being refinanced by Lloyds and is still in legals.
PBL37 - Barns & Land, Gloucestershire
No change.
PBL38 - Farm, Gloucestershire
No change.
PBL39 - Guesthouse, Gloucestershire
No change.
PBL40 - Hotel, Swansea
Barclays has made an offer to refinance the loan.
PBL42 - Gosport
No change.
PBL43 - Farm, Dorset
Barclays has offered to refinance early which will potentially be seen at the end of November.
PBL44 - Holiday Homes, Dorset
Barclays has offered to refinance early which will potentially be seen at the end of November.
PBL45 - Land, Dorset
Barclays has offered to refinance early which will potentially be seen at the end of November.
PBL46 -Farm, Glasgow
No change.
PBL47 - Land 2, Essex
No change.
PBL48 - Land 17, Essex
No change.
PBL49 - Land 30, Essex
No change.
PBL50 - , Exeter
No change.
PBL51 - Farm House, Crowborough
No change.
PBL52 - Woodlands, Crowborough
No change.
PBL53 - , Tunbridge Wells
No change.
PBL55 - Land with planning, Wales
No change.
PBL54 - Land in Hull
No change.
PBL56 - Farm, Somerset
No change.
PBL57 - Land with planning, Scotland
No change.
PBL58 - Apartments + Land with planning, Torquay
No change.
PBL59 - Student Halls, Liverpool
A number of sales have been agreed of which we will receive a minimum of 50 per cent. This will be used to repay lenders accordingly. It has been converted to new terms.
PBL60 - 24 Units, Wolverhampton
No change.
PBL61 - Commercial/Resi Conversion, Wolverhampton
No change.
PBL62 – Residential Hackney
No change.
PBL63 – Commercial Hackney
No change.
PBL64 – Tenanted Office Block, Somerset
This has completed under new terms
We appreciate investors' desire to be kept up to date with loans. However, these general updates are sent when we have new information to share with our investors, and as such do not adhere to a strict weekly schedule.
PIPELINE LOANS
After an extremely busy September, we elected to have a quieter October, to allow a period of recovery on the platform. Now we are in November, we are gradually increasing the pipeline and have loans underway with solicitors. We hope a number will go live next week.
1ST PLACE IN P2P FORUM POLL
Saving Stream has been voted the best P2P platform in 2015 in a poll run by the P2P Independent Forum. Investors voted Saving Stream into first place out of 43 P2P platforms in the poll, which included the three biggest names Funding Circle, Zopa and Ratesetter. p2pindependentforum.com/post/54825/thread
NEW PREMISES AND EXPANSION
A permanent headquarters has been purchased for Lendy Ltd.
We are looking to expand our team and hire Business Development Managers to originate loans and handle the existing portfolio. In addition, we are seeking a Property Development Finance Manager to run our development finance portfolio.
REPAID LOANS
PBL15 has been repaid in full.
CHANGING EXISTING LOANS TO NEW STRUCTURE
There are various loans currently being ammended to sit under the new structure. Once they have completed they will be identified as such in the 'Loan updates' tab of each loan.
EXISTING LOANBOOK
PBL4a/b
We have confirmation from a new lender that they will be repaying our loan and providing the borrower with development finance for the scheme. This will likely take two months to get through legals. The borrower is covering the interest in the meantime.
PBL6
This is still in legals with bank.
Superyacht
The borrower has secured a purchaser and it is currently in legals.
PBL16 / PBL17 / PBL 18
Barclays has made an offer of refinance and it is in legals.
PBL19 - Hotel, Dover
A new lender has been agreed and it is currently in legals.
PBL20 - Garden Centre,
A planning application has been submitted, which will increase its value to £3.6 million, if approved in eight weeks. There are various lenders aaleady in place to repay on receipt of planning aproval.
PBL21 - , Southsea
The sale is set to be completed imminently.
PBL22 - land, Bedford
Another lender has made an offer and it is in legals. Interest is still held on account.
PBL25 - Development land, Huddersfield
No change.
PBL26 - Development site, Stockport
This loan is in legals to extend, with the addition of a further £200k worth of security.
PBL27 - , Fleetwood
No change.
PBL28 - Field, Roebeck, Ryde
Being taken out by another lender. In legals.
PBL29 - , East Kilbride
We are working closely with the broker to organise a January repayment.
PBL31 - Farm, Ponyclun
The borrower has found an investor to pay interest and fees for a further six months and it is in legals.
PBL33 - , Hemel Hempstead
No change.
PBL35 - , Pickering
No change.
PBL36 - , Southsea
The loan is being refinanced by Lloyds and is still in legals.
PBL37 - Barns & Land, Gloucestershire
No change.
PBL38 - Farm, Gloucestershire
No change.
PBL39 - Guesthouse, Gloucestershire
No change.
PBL40 - Hotel, Swansea
Barclays has made an offer to refinance the loan.
PBL42 - Gosport
No change.
PBL43 - Farm, Dorset
Barclays has offered to refinance early which will potentially be seen at the end of November.
PBL44 - Holiday Homes, Dorset
Barclays has offered to refinance early which will potentially be seen at the end of November.
PBL45 - Land, Dorset
Barclays has offered to refinance early which will potentially be seen at the end of November.
PBL46 -Farm, Glasgow
No change.
PBL47 - Land 2, Essex
No change.
PBL48 - Land 17, Essex
No change.
PBL49 - Land 30, Essex
No change.
PBL50 - , Exeter
No change.
PBL51 - Farm House, Crowborough
No change.
PBL52 - Woodlands, Crowborough
No change.
PBL53 - , Tunbridge Wells
No change.
PBL55 - Land with planning, Wales
No change.
PBL54 - Land in Hull
No change.
PBL56 - Farm, Somerset
No change.
PBL57 - Land with planning, Scotland
No change.
PBL58 - Apartments + Land with planning, Torquay
No change.
PBL59 - Student Halls, Liverpool
A number of sales have been agreed of which we will receive a minimum of 50 per cent. This will be used to repay lenders accordingly. It has been converted to new terms.
PBL60 - 24 Units, Wolverhampton
No change.
PBL61 - Commercial/Resi Conversion, Wolverhampton
No change.
PBL62 – Residential Hackney
No change.
PBL63 – Commercial Hackney
No change.
PBL64 – Tenanted Office Block, Somerset
This has completed under new terms
