blender
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Post by blender on Jun 21, 2016 19:44:19 GMT
I hope that the answer might be related to getting the ecopark loan drawn down. This one does not have the identified and valued asset as security which we normally see from Ablrate, and personally I am waiting for the response.
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stevio
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Post by stevio on Jun 22, 2016 9:04:16 GMT
I hope that the answer might be related to getting the ecopark loan drawn down. This one does not have the identified and valued asset as security which we normally see from Ablrate, and personally I am waiting for the response. ablrate ablrateandy are normally good at keeping people informed, it would be good to have an update on both loans, it's not like they have hundreds of new loans to update us on. Although it's holiday season, are they on holiday? If so, would they use ATR 42-500 MSN 532 to do this?
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Post by ablrate on Jun 22, 2016 9:23:25 GMT
Hi All
Please forgive the late response on this.
The monthly finance payments (including leases etc) are just under £65,000. The company also asked us to reiterate that that they have taken on £1.5 million in equity (which was a conversion of debt) which has reduced debt service requirements, so the £65k figure is the net servicing costs today.
Forgive the radio silence at the moment as we have been working furiously on a number of transactions for the platform.
Regards Ablrate
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blender
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Post by blender on Jun 22, 2016 9:39:20 GMT
Many thanks for this response. Appreciate the there are limited human resources and that this loan offer has some time to run. Working on future loans is good for those of us piling up funds from FC which cannot be used there. Will leave the experts to comment on the substance of the message. Please keep 532 in its hanger and do not use for Ablrate holidays - I own a wheel and will remove it and leave it supported on bricks.
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Jun 22, 2016 12:41:25 GMT
Many thanks for this response. Appreciate the there are limited human resources and that this loan offer has some time to run. Working on future loans is good for those of us piling up funds from FC which cannot be used there. Will leave the experts to comment on the substance of the message. Please keep 532 in its hanger and do not use for Ablrate holidays - I own a wheel and will remove it and leave it supported on bricks. No Sir, those bricks belong to me!
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Post by ablrateandy on Jun 22, 2016 13:11:34 GMT
We are currently talking to an aircraft breakup firm too. Now, if I can just for a 767 wheel on an ATR....
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stevio
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Post by stevio on Jul 2, 2016 14:13:57 GMT
Not sure about anyone else, but after 29JULY, when ATR 42-500 MSN 532 repays, I will have funds looking for another loan at Ablrate, I would love another shot at this one ablrate ablrateandy the details say at least £250k, is their scope for another loan to this borrower?
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treeman
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Post by treeman on Jul 8, 2016 0:14:10 GMT
ablrate ablrateandy As the loan is now live - when will the Instant Returns be credited for this one?
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Post by ablrate on Jul 8, 2016 15:17:40 GMT
ablrate ablrateandy As the loan is now live - when will the Instant Returns be credited for this one? Hi treeman (and all) There was an error on the Instant Returns so we are extracting the data and paying them manually. We aim to get everything paid on Monday Sorry for the inconvenience. Regards Ablrate
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hazellend
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Post by hazellend on Sept 2, 2016 16:59:19 GMT
Crowdstacker are raising money for this company now at 7%. Makes the ablrate 14% seem extremely high.
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Neil_P2PBlog
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Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Sept 2, 2016 17:35:05 GMT
Crowdstacker are raising money for this company now at 7%. Makes the ablrate 14% seem extremely high. Nice spot! This is my joint largest investment on Ablrate, but just the rate of 14% alone had made me a bit more cautious going into it. Reflects badly on on Crowdstacker if their middle man fees are so high or they can't negotiate a better rate.
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nick
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Post by nick on Sept 2, 2016 17:52:14 GMT
Crowdstacker are raising money for this company now at 7%. Makes the ablrate 14% seem extremely high. Interesting. The Crowdstacker loan should be lower as it is being secured by means of a debenture on the main operating co which owns the freehold and leaseholds (whilst the Ablrate loan is only secured by a debenture on the venue operating co whose asset pool is smaller). The corporate guarantee on the Albrate loan from the other group companies will be subordinate to this loan which is secured on a debenture in the co owning the building assets. Still, I wouldn't have expected such a large difference in rates. I've noticed at Crowdstacker already have a IFISA launched - if only they had more loan volume/selection and a liquid SM.......
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ptr120
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Post by ptr120 on Sept 2, 2016 20:27:05 GMT
ablrate I'd be interested in your comments as to what this crowdstacker fundraising does to our security on this loan and if they informed you that they are raising additional debt
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Post by jordan on Sept 5, 2016 15:05:44 GMT
Crowdstacker are raising money for this company now at 7%. Makes the ablrate 14% seem extremely high. Interesting. The Crowdstacker loan should be lower as it is being secured by means of a debenture on the main operating co which owns the freehold and leaseholds (whilst the Ablrate loan is only secured by a debenture on the venue operating co whose asset pool is smaller). The corporate guarantee on the Albrate loan from the other group companies will be subordinate to this loan which is secured on a debenture in the co owning the building assets. Still, I wouldn't have expected such a large difference in rates. I've noticed at Crowdstacker already have a IFISA launched - if only they had more loan volume/selection and a liquid SM....... Here are some details of the new investment opportunity launched on Crowdstacker, returning 7% fixed annual on 1st charge debenture over 3 years - www.orcamoney.com (mod: edited to remove direct link to borrower's name) Thanks,
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stevio
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Post by stevio on Sept 5, 2016 18:31:51 GMT
Interesting. The Crowdstacker loan should be lower as it is being secured by means of a debenture on the main operating co which owns the freehold and leaseholds (whilst the Ablrate loan is only secured by a debenture on the venue operating co whose asset pool is smaller). The corporate guarantee on the Albrate loan from the other group companies will be subordinate to this loan which is secured on a debenture in the co owning the building assets. Still, I wouldn't have expected such a large difference in rates. I've noticed at Crowdstacker already have a IFISA launched - if only they had more loan volume/selection and a liquid SM....... Here are some details of the new investment opportunity launched on Crowdstacker, returning 7% fixed annual on 1st charge debenture over 3 years - www.orcamoney.com (mod: edited to remove direct link to borrower's name) Thanks, The Crowdstacker info states a 'first ranking debenture' over the companies assets - ablrate ablrateandy - does this rank ahead of Ablrate? Presuming they have struck a better deal with Crowdstacker, do you know if there intention is to use the CS loan in addition to the AB loan or use it to redeem the AB loan?
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