Post by MoneyThing on Feb 10, 2016 17:15:46 GMT
Last Updated: 27th October
Afternoon,
Please find below updated PIPELINE.
96) £750,000 initial drawdown on a Residential Development in a historic building in central Bradford (c. £4.25m Development Finance requirement). Up to c. 50% LTV. 3 year term. 11% to lenders.
[Update 27/10/2017] – Withdrawn.
106) £833,000 refinance of six pubs in Glasgow with additional land security. 70% LTV. 12 month term. 12% to lenders. Within the next month.
[Update 26/05/2017] – No update.
[Update 16/06/2017] – Expected early July.
[Update 23/06/2017] – Now expected late July.
[Update 30/06/2017] – No update.
[Update 07/07/2017] – No update.
[Update 16/07/2017] – Gone into legals.
[Update 21/07/2017] – No update.
[Update 29/07/2017] – Anticipated mid-August drawdown.
[Update 06/08/2017] – No update.
[Update 18/08/2017] – Valuation has taken longer than expected but should come early part of next week. Completion late August early September.
[Update 25/08/2017] – No update.
[Update 08/09/2017] – Frustrated by the delays in the valuation report which has still not materialised. Should arrive early part of next week but has pushed back expected launch to mid to late September.
[Update 15/09/2017] – No update.
[Update 29/09/2017] – We made the decision to engage with a different valuer as we lost confidence with the previous one. Expect to be able to launch within the next fortnight.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – Valuation for pubs received. Deal has slightly changed due to change in security mix removing the land and as such the debt is now £833,000 Progressing through legals. Completion mid to late November.
110) £405,000 initial drawdown to assist with the acquisition of a commercial site with planning to convert to residential in Suffolk (c. £500,000 Development Finance requirement). Up to 65% LTV. 18 month term. 12% to 13% to lenders. Offer accepted and legals progressing.
[Update 16/07/2017] – No update.
[Update 21/07/2017] – No update.
[Update 29/07/2017] – No update.
[Update 06/08/2017] – Expected completion late August.
[Update 18/08/2017] – No update.
[Update 25/08/2017] – No update. Potential restructure.
[Update 08/09/2017] – No update.
[Update 15/09/2017] – No update.
[Update 29/09/2017] – No update.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – No update.
112) £1,202,250 initial drawdown on a Residential Development in Hadfield, Derbyshire (c. £1,400,000 Development Finance requirement). Up to 70% LTV. 18 month term. 12% to lenders. Within the next few weeks.
[Update 21/07/2017] – No update.
[Update 29/07/2017] – In legals.
[Update 06/08/2017] – No update.
[Update 18/08/2017] – No update.
[Update 25/08/2017] – Likely to be announced early next week.
[Update 08/09/2017] – Lawyers progressing. Within a couple of weeks.
[Update 15/09/2017] – No update.
[Update 29/09/2017] – End of October completion.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – No update.
115) £560,000 initial drawdown (land loan), on a Residential Development in Liverpool to build 70 apartments (c. £4.8m Development Finance requirement). 42 units have been pre-sold to date. Up to 70% LTV. 15 month term. 12% to lenders. Within the next few weeks.
[Update 25/08/2017] – Legals & valuation instructed. Land loan to complete within a few weeks followed by development facility.
[Update 08/09/2017] – No update.
[Update 15/09/2017] – No update.
[Update 29/09/2017] – Mid to end October completion.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – Early November completion.
116) £1,625,000 initial drawdown (land loan), on a Residential Development in Scotland with full planning for 68 houses (c. £2.3m Development Finance requirement). Up to 70% LTV. 24 month term. 12% to lenders. Within the next few weeks.
[Update 15/09/2017] – Offer letter accepted. Appointment of legals & valuations expected next week.
[Update 29/09/2017] – Now early to mid Novewmber completion.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – No update.
119) NEW £250,000 initial facility for a used car dealer in Solihull. Up to 70% LTV. 12 month term. 12% to lenders. Within the next few weeks.
Note that this is all subject to change and timings are only estimates at this stage.
Kind regards,
Ed
Afternoon,
Please find below updated PIPELINE.
[Update 27/10/2017] – Withdrawn.
106) £833,000 refinance of six pubs in Glasgow with additional land security. 70% LTV. 12 month term. 12% to lenders. Within the next month.
[Update 26/05/2017] – No update.
[Update 16/06/2017] – Expected early July.
[Update 23/06/2017] – Now expected late July.
[Update 30/06/2017] – No update.
[Update 07/07/2017] – No update.
[Update 16/07/2017] – Gone into legals.
[Update 21/07/2017] – No update.
[Update 29/07/2017] – Anticipated mid-August drawdown.
[Update 06/08/2017] – No update.
[Update 18/08/2017] – Valuation has taken longer than expected but should come early part of next week. Completion late August early September.
[Update 25/08/2017] – No update.
[Update 08/09/2017] – Frustrated by the delays in the valuation report which has still not materialised. Should arrive early part of next week but has pushed back expected launch to mid to late September.
[Update 15/09/2017] – No update.
[Update 29/09/2017] – We made the decision to engage with a different valuer as we lost confidence with the previous one. Expect to be able to launch within the next fortnight.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – Valuation for pubs received. Deal has slightly changed due to change in security mix removing the land and as such the debt is now £833,000 Progressing through legals. Completion mid to late November.
110) £405,000 initial drawdown to assist with the acquisition of a commercial site with planning to convert to residential in Suffolk (c. £500,000 Development Finance requirement). Up to 65% LTV. 18 month term. 12% to 13% to lenders. Offer accepted and legals progressing.
[Update 16/07/2017] – No update.
[Update 21/07/2017] – No update.
[Update 29/07/2017] – No update.
[Update 06/08/2017] – Expected completion late August.
[Update 18/08/2017] – No update.
[Update 25/08/2017] – No update. Potential restructure.
[Update 08/09/2017] – No update.
[Update 15/09/2017] – No update.
[Update 29/09/2017] – No update.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – No update.
112) £1,202,250 initial drawdown on a Residential Development in Hadfield, Derbyshire (c. £1,400,000 Development Finance requirement). Up to 70% LTV. 18 month term. 12% to lenders. Within the next few weeks.
[Update 21/07/2017] – No update.
[Update 29/07/2017] – In legals.
[Update 06/08/2017] – No update.
[Update 18/08/2017] – No update.
[Update 25/08/2017] – Likely to be announced early next week.
[Update 08/09/2017] – Lawyers progressing. Within a couple of weeks.
[Update 15/09/2017] – No update.
[Update 29/09/2017] – End of October completion.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – No update.
115) £560,000 initial drawdown (land loan), on a Residential Development in Liverpool to build 70 apartments (c. £4.8m Development Finance requirement). 42 units have been pre-sold to date. Up to 70% LTV. 15 month term. 12% to lenders. Within the next few weeks.
[Update 25/08/2017] – Legals & valuation instructed. Land loan to complete within a few weeks followed by development facility.
[Update 08/09/2017] – No update.
[Update 15/09/2017] – No update.
[Update 29/09/2017] – Mid to end October completion.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – Early November completion.
116) £1,625,000 initial drawdown (land loan), on a Residential Development in Scotland with full planning for 68 houses (c. £2.3m Development Finance requirement). Up to 70% LTV. 24 month term. 12% to lenders. Within the next few weeks.
[Update 15/09/2017] – Offer letter accepted. Appointment of legals & valuations expected next week.
[Update 29/09/2017] – Now early to mid Novewmber completion.
[Update 06/10/2017] – No update.
[Update 13/10/2017] – No update.
[Update 27/10/2017] – No update.
119) NEW £250,000 initial facility for a used car dealer in Solihull. Up to 70% LTV. 12 month term. 12% to lenders. Within the next few weeks.
Note that this is all subject to change and timings are only estimates at this stage.
Kind regards,
Ed