merlin
Minor shareholder in Assetz and many other companies.
Posts: 902 
Likes: 302
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Post by merlin on May 8, 2014 13:13:36 GMT
I just noticed Kent has been drawn down.
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Post by Ton ⓉⓞⓃ on May 11, 2014 13:31:32 GMT
3rd Update LINK BACK TO SECOND UPDATEAuc.
No.
| Name | Entry
Date
| info | Entry
date
| Latest Info summary
| 91
| Herts Bridge
| 2/5 | Exp. draw 7-10days
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| no additional info
| | 89 | Staffy Prop
| 30/4 | Exp. Draw target for 15/5
| 7/5
| hoping for w/c12/5 may well slip to w/c19/5
| 87
| London Retail
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| 7/5
| Exp within 10-14 days
| | 88 | Redruth Dev
| -
| Exp. draw mid May
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| no additional info
| | 84 | Kent Bridge | 2/5 | Tuesday 6/5
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| DRAWN 8/5
| | 83 | Burnley Wind
| 25/4 | Exp. w/c 12/5
| 7/5
| Still Exp. towards end of w/c 12/5
| | 86 | Scots Prop
| 25/4 | Exp. w/c 12/5
| 7/5
| Hoping end of w/c12/5 may slip to w/c19/5
| | 82 | Coventry Office
| 25/4 | Exp. w/c 12/5 if not before
| 7/5
| Now likely to slip to w/c 19/5
| | 80 | Weston SM Dev
| 25/4 | Exp. w/c 28/4
| 7/5
| Hoping 9/5 likely to slip to early w/c12/5
| | 79 | Aber... Loan
| 25/4 | Exp. draw end of w/c 5/5
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| no additional info
| 66
| York Leis. Loan
| 25/4
| Exp. 7th May
| 7/5
| Hoping for current week (ie last week)
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Hopefully that's accurate. Tell me if I'm wrong. Entry Date- is simply the date that AC put the info on the site but clearly some are older entries than others. Blank spaces mean no info. on the overview page. Weston Super Mare looks most likely to be drawn in the next few days. LINK TO FOURTH UPDATE |
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on May 11, 2014 15:23:48 GMT
Once again thanks for the very useful summary Ton ⓉⓞⓃ |
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Post by Ton ⓉⓞⓃ on May 12, 2014 20:23:46 GMT
York Leis seems to be coming to a head tomorrow please check out it's Loan Overview Page.
Important update to Aber... Delay now down to HMRC, I quote from overview, "Given this further delay, we have agreed with borrower that lenders will be compensated at the rate of 3% p/a from 4 weeks after the auction closed until the loan is drawn down. Given auction closed on 17/03/14, this will be paid from 14/04/14."
Aber... drawdown earliest now w/c2/6/14
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Post by jevans4949 on May 16, 2014 16:01:53 GMT
Burnley has drawn down today!
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Post by Ton ⓉⓞⓃ on May 18, 2014 19:55:29 GMT
4th Update LINK BACK TO THIRD UPDATEAuc.
No.
| Name | Entry
Date
| Drawdown Date & info summary
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| | 92 | Liverpool Loan
| 15/5 | Exp. early to mid June w/c9/6
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| | 90 | Scots Wind
| 1/5 | Proposed last week in May
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| | 91 | Herts Bridge
| 16/5 | Possible update on Monday
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| | 89 | Staffy Prop
| 16/5 | Exp. w/c26/5
still work to do, but still on course for May drawdown
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| | 87 | London Retail
| 12/5 | Exp. w/c19/5
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| | 88 | Redruth Dev
| 12/5 | Hope w/c19/5 The Borrower is still investigating 2nd loan, may turn to AC?)
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| | 86 | Scots Prop
| 16/5 | Now exp. w/c26/5
Differences in Scots & English law seem to be causing delay
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| | 82 | Coventry Office
| 16/5 in Q&A
| Expect new update soon. Were hoping for w/c19/5 still awaiting lease.
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| | 80 | Weston SM Dev
| 16/5 | Exp. mid-late w/c19/5. But some conditions still not met so maybe delayed again
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| | 79 | Aber... Loan
| 12/5 | Exp. earliest w/c2/6. Awaiting HMRC. Borrower has agreed compensation to Lenders of 3%pa whilst delayed
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Exp. is short for expected Entry date is basically how old is the info, which is generally very up-to-date. LINK TO FIFTH UPDATE |
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pikestaff
Member of DD Central
Posts: 2,187
Likes: 1,546
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Post by pikestaff on May 21, 2014 7:31:22 GMT
... Part of my issue is that it can take four or five working days to get more cash showing as available in AC with my non faster payments bank and AC's once a day sweep. ... Funding is instant with GoCardless. I am aware that this option may not remain forever, but why not use it while it's there?
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Post by Ton ⓉⓞⓃ on May 21, 2014 16:39:18 GMT
You know, I'm easily in the category for shadow bids but it doesn't hold much interest for me, except, in that I'd get advanced warning that loans were about to draw down if I'd put something in it. I'd regard that as an advantage because I could be ready for underwriters selling it on the aftermarket. Part of my issue is that it can take four or five working days to get more cash showing as available in AC with my non faster payments bank and AC's once a day sweep. Do you find shadow bids a really worthwhile thing to have samford71 ? As samford71; says its a no-brainer, the only down side is you might forget to 'settle' your shadows when the time comes. Worst then, I think, is they take it away from you. It does work along side some form of instant money transfer like Go Cardless. When they first set it up for you the limit is at a quarter of your total loan unit investment, I've only had it less than two weeks and I've eaten one third of my allowance. I might consider asking to raise it if I need to.
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Post by bracknellboy on May 21, 2014 19:18:16 GMT
Thanks guys. I appreciate you taking the time. I think I should really get on the phone and organise it. As for GoCardless, I did look into it but for some reason, I just don't like the idea of setting up an account with a third party just to fund AC, yet another set of usernames and passwords etc. I think I'm also concerned with if there's ever a missing payment. I don't fancy chasing three institutions to find it. I'm probably being irrational I know.  Well you should know pretty much straight away: GoCardless send you an instant email confirmation, Assets send you an instant email confirmation, and your AC account is credited straightaway. I admit to some of the same reticence however about having yet another, non-major institution having account details, but decided to not worry about that.
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Post by cyrilmadrid on May 23, 2014 19:44:17 GMT
Looks like drawdown has not taken place for 3 of the loans which expected to take place this week...
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Post by Ton ⓉⓞⓃ on May 25, 2014 23:23:54 GMT
5th Update LINK BACK TO FOURTH UPDATEAuc.
No.
| Name | Entry
Date
| Old Drawdown Date
From last time
| Entry
Date
| New
Drawdown date & Info Summary
| | 92 | Liverpool Loan
| 15/5 | Exp. June w/c9/6
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| No new info
| | 90 | Scots Wind
| 1/5 | Proposed last week in May
| 23/5
| Borrower is pushing for the funds but likely to slip into w/c 2/6
| | 91 | Herts Bridge
| 16/5 | Exp. update on Monday
| 22/5 &
other posts
| Awaiting return of Borrower from Hols. for serious discussion about the future of the loan application.
| | 89 | Staffy Prop
| 16/5 | Exp. w/c26/5
| 23/5
| Progress is being made still hoping for w/c26/5 but there has been a small delay so it may slip to following week
| | 87 | London Retail
| 12/5 | Exp. w/c19/5
| 23/5
| Only one item still to do, Exp. mid of w/c26/5
| | 88 | Redruth Dev
| 12/5 | Hope w/c19/5
| 23/5
| Similar situation to last update, borrower still talking to his bank about the additional funds. Hoping for w/c26/5. Update next week
| | 86 | Scots Prop
| 16/5 | Now exp. w/c26/5
| 23/5
| The Borrower is pushing his legal team hard. Legal differences between Scots and England/Wales. Still hoping for w/c26/5. Update next wk
| | 82 | Coventry Office
| 16/5 in Q&A
| Were hoping for w/c19/5.
| 23/5
| Majority of work done but still awaiting consent from 1st charge holder to our charge which is exp next week. i.e. Exp. w/c26/5
| | 80 | Weston SM Dev
| 16/5 | Exp. mid-late w/c19/5.
| 23/5
| Cashback has been agreed with Borrower of 2.5% for the four weeks Drawdown Exp. on 28/5 if there is further delay there will be an increase in cashback for Lenders
| | 79 | Aber... Loan
| 12/5 | Exp. earliest w/c2/6.
| 23/5
| Still awaiting new mtg & vote as last update. Exp.w/c2/6 assuming vote goes as thought. Compensation agreed in delay last update
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We're now getting compensation for Aber... & Weston S.M. Dev. A few must get drawn next week... Blank spaces mean no new info Exp. is short for expected Entry date is basically how old is the info, which is generally very up-to-date. Chart layout same as last time sorry it's not as clear as I'd like. So as usual the newest info in on the right and oldest on the left. LINK TO SIXTH UPDATE |
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mikeb
Posts: 1,072
Likes: 472
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Post by mikeb on May 26, 2014 17:25:05 GMT
"We're now getting ..."
confused and starting to lose track of all these random cashback deals. Glad someone's keeping track.
Whatever happened to "High Wy****e Commercial Prop****" from Dec 2013, which was cancelled on 4/2/14 with the promise of a payment in respect of the long delay ending in a non-loan?
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on May 26, 2014 17:52:22 GMT
"We're now getting ..." confused and starting to lose track of all these random cashback deals. Glad someone's keeping track. Whatever happened to "High Wy****e Commercial Prop****" from Dec 2013, which was cancelled on 4/2/14 with the promise of a payment in respect of the long delay ending in a non-loan? Does anyone recall when we are supposed to receive the cashback from the promotional offer that ran in April?
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Post by bracknellboy on May 26, 2014 18:49:36 GMT
"We're now getting ..." confused and starting to lose track of all these random cashback deals. Glad someone's keeping track. Whatever happened to "High Wy****e Commercial Prop****" from Dec 2013, which was cancelled on 4/2/14 with the promise of a payment in respect of the long delay ending in a non-loan? Does anyone recall when we are supposed to receive the cashback from the promotional offer that ran in April? Ah, well, that can only happen once a qualifying loan is drawdown....which takes us to a different topic....
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on May 27, 2014 6:58:57 GMT
Does anyone recall when we are supposed to receive the cashback from the promotional offer that ran in April? Ah, well, that can only happen once a qualifying loan is drawdown....which takes us to a different topic.... The odd one has drawn down, K**t for example, but I don't recall seeing any cash back paid
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