Post by bengilbert on Aug 10, 2016 9:37:23 GMT
We'll be giving monthly updates on all our live loans. The information should have gone out in an email but in case anyone didn't receive it, it's posted below.
B******l Road, Sandbanks (BPF373 & 383)
Borrower has spoken to planning and they seem happy with the scheme which has now been submitted. We still do not know when planning will be granted as they cannot give any timescales. The borrower is hoping within the next 3 to 4 weeks.
Residential Development - Streatham (BPF397)
All works completed and awaiting sale particulars showing property on the market for £625,000.
Sutton Coldfield Bridging Loan (BPF479)
Borrower is still refurbishing the property before applying for the re-finance.
M***** H*** Development Loan (BPF407 & 501)
Work is proceeding. The latest valuation puts the site value at £6,220,000, increased from £5,860,000 at loan drawdown. A further drawdown was listed on the platform on the 8th August (BPF501).
B******l Road, Sandbanks (BPF373 & 383)
Borrower has spoken to planning and they seem happy with the scheme which has now been submitted. We still do not know when planning will be granted as they cannot give any timescales. The borrower is hoping within the next 3 to 4 weeks.
Residential Development - Streatham (BPF397)
All works completed and awaiting sale particulars showing property on the market for £625,000.
Sutton Coldfield Bridging Loan (BPF479)
Borrower is still refurbishing the property before applying for the re-finance.
M***** H*** Development Loan (BPF407 & 501)
Work is proceeding. The latest valuation puts the site value at £6,220,000, increased from £5,860,000 at loan drawdown. A further drawdown was listed on the platform on the 8th August (BPF501).
