Post by SteveT on Feb 22, 2016 15:17:02 GMT
DFL002 also now looks hot to trot (promoted to stage 3). I wonder how much of it will be released initially, and whether there will be any allocation process for later tranches. I really hope savingstream don't simply release later tranches to the SM in one go (without pre-funding), allowing a certain quick-fingered so-and-so to bag the lot. If so, I predict widespread baying for blood (although this may force the oft-requested introduction of an SM bid limit):
"We will release funds to the developer following satisfactory Quantity Surveyor reports on a monthly or as required basis. We will release availability in the loan on the SS platform as required to be invested/bought on a first come, first served basis"
"We will release funds to the developer following satisfactory Quantity Surveyor reports on a monthly or as required basis. We will release availability in the loan on the SS platform as required to be invested/bought on a first come, first served basis"
