mikes1531
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Post by mikes1531 on Feb 25, 2018 23:49:06 GMT
Revision made to T6's loan value:- Original - 13th February 2018:  Revised - 23rd February 2018:  So did the borrower actually decide they wanted less money now? Or did Lendy determine that investor interest was lacking and they'd rather not add even more to the parts now available on the SM? (Which is up noticeably since T6 was released.) I know what I think. What do others think?
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elliotn
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Post by elliotn on Feb 26, 2018 1:26:56 GMT
The good thing about such pragmatism means they don't dump the extra 80k ahead of current sellers so better matching of demand benefits existing lenders.
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warn
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Curmudgeon
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Post by warn on Mar 7, 2018 22:57:45 GMT
Love the rooftop infinity pool!
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Post by Deleted on Mar 16, 2018 18:10:55 GMT
Curious if it was same theme in other DFLs
1st March update said "The Independent Monitoring Surveyor visited the site on Monday 26th February 2018 and a report is expected next week."
16th March update said "The Independent Monitoring Surveyor visited the site on Monday 26th February 2018 and a report is expected next week."
So after a fortnight, the week still has not completed for Lendy, I wonder what planet are they based on...
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elsee
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Retired:D
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Post by elsee on Mar 16, 2018 18:23:02 GMT
A bit worrying that they had to put the bed in before the walls.
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treeman
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Post by treeman on Mar 20, 2018 13:40:22 GMT
T7 gone live - large %age on SM - £214k. 204 investors.
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Post by skint4achange on Apr 13, 2018 21:32:17 GMT
You will get burnt if you keep playing up there!  |
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mary
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Post by mary on Apr 14, 2018 6:38:41 GMT
update Extracted from Timmy ...
"Following significant demand from investors, the studio apartments at C**** Court are now fully sold out."
Great news, why can't Lendy include such critical info in their updates?
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MONEY
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Post by MONEY on Apr 16, 2018 16:15:53 GMT
T7's loan value has been revised:- Revised - 16th Apr 2018:  Original - 19th Mar 2018:  |
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sarahcount
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Post by sarahcount on Apr 26, 2018 20:23:05 GMT
I see that Lendy have just put up new tranches for Huddersfield DFL3 and DFL22. Both are marked as FINAL tranches and come with positive write ups about short extensions to the loans and how the projects are both having the finishing touches.
The borrower has already completed a third block and repaid the loan. It would be good to see these also cross the finishing line.
I'm tempted to put some more funds into these loans, or at least re-cycle interest and any other smaller repayments as I'm not increasing my Lendy exposure at the moment.
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tx
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Post by tx on Apr 26, 2018 20:47:38 GMT
The info does seem very positive. Only one thing, this new tranche is to cover interest for extension ... so lenders are paying themselves interest. But wish this loan luck, this one does seem to be one of the best progressed DFLs on Lendy so far.
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Post by df on Apr 26, 2018 22:45:00 GMT
I see that Lendy have just put up new tranches for Huddersfield DFL3 and DFL22. Both are marked as FINAL tranches and come with positive write ups about short extensions to the loans and how the projects are both having the finishing touches. The borrower has already completed a third block and repaid the loan. It would be good to see these also cross the finishing line. I'm tempted to put some more funds into these loans, or at least re-cycle interest and any other smaller repayments as I'm not increasing my Lendy exposure at the moment. I might be completely wrong, but I thought one of them "blocks" was refinanced by us (lenders) via COL. It was about 2 months overdue when COL collapsed. I sold my parts before it was due, but if I didn't - I wouldn't consider it being repaid. I'm not committing any more funds to this borrower, I'm already overexposed (mainly DFL6, 20 and 33).
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elliotn
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Post by elliotn on Apr 27, 2018 6:54:31 GMT
I see that Lendy have just put up new tranches for Huddersfield DFL3 and DFL22. Both are marked as FINAL tranches and come with positive write ups about short extensions to the loans and how the projects are both having the finishing touches. The borrower has already completed a third block and repaid the loan. It would be good to see these also cross the finishing line. I'm tempted to put some more funds into these loans, or at least re-cycle interest and any other smaller repayments as I'm not increasing my Lendy exposure at the moment. I might be completely wrong, but I thought one of them "blocks" was refinanced by us (lenders) via COL. It was about 2 months overdue when COL collapsed. I sold my parts before it was due, but if I didn't - I wouldn't consider it being repaid. I'm not committing any more funds to this borrower, I'm already overexposed (mainly DFL6, 20 and 33). That was a bridge on the sale for the freehold presumably of the completed block.
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elliotn
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Post by elliotn on Apr 27, 2018 15:36:47 GMT
"The ninth and final tranche of development funding was added to the platform this week. The borrower has been pursuing several repayment options, however these negotiations are not expected to be concluded before the loan matures in July 2018 and we have therefore agreed to extend the loan by two months, through to September 2018. The borrower expects to be in a position to fully repay the loan on or before the extended loan maturity date, through either the sale or refinance of the scheme. We have had sight of two of the repayment offers and are satisfied that the total loan funding will be less than 40% of the Gross Development Value of the scheme at the time that full repayment is achieved. The borrower has also advised that construction work on site is starting to focus on the interior as the studio apartments take shape."
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Post by loftankerman on Apr 27, 2018 16:31:40 GMT
"The ninth and final tranche of development funding was added to the platform this week. The borrower has been pursuing several repayment options, however these negotiations are not expected to be concluded before the loan matures in July 2018 and we have therefore agreed to extend the loan by two months, through to September 2018. The borrower expects to be in a position to fully repay the loan on or before the extended loan maturity date, through either the sale or refinance of the scheme. We have had sight of two of the repayment offers and are satisfied that the total loan funding will be less than 40% of the Gross Development Value of the scheme at the time that full repayment is achieved. The borrower has also advised that construction work on site is starting to focus on the interior as the studio apartments take shape." Well, that sounds terrifyingly familiar with its ultra positive vibes being so reminiscent of DFLs 004 and 005.
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