adrianc
Member of DD Central
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Post by adrianc on Nov 15, 2016 11:52:16 GMT
Out of interest - which loan(s) was this ? There are two multi-tranche loans that have sort of become entangled, I think. The "Short Term Property Loan London" loans to the borrower that got named are 14978/15010/15061/15241/15351 (which replaced 12011/12078/12160), total £1.6m. 10%/A/8mo/65% LTV. All were due in April/May. The "Short Term Property Loan London" loans to the borrower who didn't buy a property are 16846/16944/17109/17304, total £1.56m. 10%/A+/12mo/84% LTV. The penultimate payment - the last SM chance - for T1 was due yesterday, T2 due Wednesday. 16846 has been repaid, with the remaining tranches of that loan coming up soon.
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acky
Posts: 481
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Post by acky on Feb 3, 2017 18:28:25 GMT
Comment on Peterborough 16579: "We are currently holding some funds on account, but these funds are not sufficient to repay the loan." Well it must be enough to repay part of the loan ...... oh no, of course, "Computer says no!"
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