cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on Sept 6, 2016 17:33:34 GMT
This Loan Is LIVE
| Loan Amount | : | £ | 2,334,500
| | Security Value | : | £ | 3,875,000
| | SS Indicated LTV | : |
| 60% | | Suggested LTV (SEE OVERVIEW) | : |
| c100% | | 90 Day Market Valuation | : | £ | 3,150,000
| | LTV Based on 90 day Market Valuation | : |
| 75% | | Term | : |
| 270 days
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PLEASE NOTE : This post (and all my DD posts) are no longer being updated by myself (besides the basic loan status)
Loan Information & Observations
Borrower - G** H**** LIMITED
- SS say our borrower (the above company) is an experienced team of developers and project managers. They have a number of successful projects, which SS have listed on the loan overview.
- Despite what SS state above, the company was Incorporated on 9 February 2015. It only has a single director (J*** C****** W****) who is 100% shareholder. I can't see a Parent company and assume this is not a SPV.
Loan
- Our borrower requires the funds to purchase the property and also to finance the planning costs which will be substantial.
- Very Important : The vendor of the property is entering into a JV with our borrower and is deferring at least £1m of equity in the project and will receive a proportion of any increase in value post planning.
- Because of the above, SS have explained (in the loan overview) that the LTV will be close to 100%
Security
- A large 8 Bedroom Edwardian country house, constructed in 1906, including 13 acres of rough grazing land
- The site is currently zoned for planning; it is the borrowers intention to apply for residential planning permission which would significantly increase the value of our security if the planning permission was granted.
- In regards to the above, SS explain (in the loan overview) that our security has been valued without any 'hope value' so the planning strategy which our borrower will pursue is irrelevant to the loan other than it 'might' increase in value depending on the outcome of that planning application.
Exit Strategy
- Refinance or sale post planning.
- If planning not achieved within loan term, refinance or sale based on current value.
| Code Number Assigned | : | 06/09/2016 | | Loan went live @ | : | 15/09/2016 | | Allocation | : | £3,800.00 | | Amount of Investors @ Live | : | 1994 |
If you require any citation for the above information please PM me  . Any observations you have please be sure to post it in this thread and I will try to add it to this overview.
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Post by savingstream on Sept 6, 2016 17:34:56 GMT
I Assume this will be PBL132 (it's listed as 131, but that is obviously wrong  ) Will do DD stuff after I've completed some Arboretum DD Keeping you on your toes CD.
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star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
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Post by star dust on Sept 6, 2016 17:36:26 GMT
Just changed to 132 on site.
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on Sept 6, 2016 17:38:11 GMT
I Assume this will be PBL132 (it's listed as 131, but that is obviously wrong ) They just changed it Will do DD stuff after I've completed some Arboretum DD The problem with doing Arboretum DD is seeing the wood for the trees 
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Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
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Post by Liz on Sept 6, 2016 17:42:28 GMT
I Assume this will be PBL132 (it's listed as 131, but that is obviously wrong ) They just changed it Will do DD stuff after I've completed some Arboretum DD Savingstream saw my message and changed it to PBL 132.
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adrianc
Member of DD Central
Posts: 10,018
Likes: 5,146
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Post by adrianc on Sept 6, 2016 17:50:14 GMT
I Assume this will be PBL132 (it's listed as 131, but that is obviously wrong ) They just changed it Will do DD stuff after I've completed some Arboretum DD The problem with doing Arboretum DD is seeing the wood for the trees Oh, that old saw...
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fp
Posts: 1,008
Likes: 853
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Post by fp on Sept 6, 2016 17:53:52 GMT
leaf it out with the puns...
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on Sept 6, 2016 17:54:39 GMT
Oh no, knot again ...
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Sept 6, 2016 18:17:36 GMT
I Assume this will be PBL132 (it's listed as 131, but that is obviously wrong ) They just changed it Will do DD stuff after I've completed some Arboretum DD Hope this is going to be a branch and root analysis.
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beechside
Member of DD Central
Posts: 152
Likes: 197
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Post by beechside on Sept 6, 2016 18:28:10 GMT
I Assume this will be PBL132 (it's listed as 131, but that is obviously wrong ) They just changed it Will do DD stuff after I've completed some Arboretum DD I believe only treeman and I are uniquely qualified to do DD on the arboretum...
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puffin
Member of DD Central
Posts: 87
Likes: 26
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Post by puffin on Sept 6, 2016 18:41:17 GMT
I Assume this will be PBL132 (it's listed as 131, but that is obviously wrong ) They just changed it Will do DD stuff after I've completed some Arboretum DD I believe only treeman and I are uniquely qualified to do DD on the arboretum... Nah, yew'd both have a conflict of interest!
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Post by moonshine on Sept 6, 2016 18:48:39 GMT
Let's hope there are no Acorns involved with this one |
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Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
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Post by Liz on Sept 6, 2016 18:54:24 GMT
Let's hope there are no Acorns involved with this one That is A corny joke.
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Post by moonshine on Sept 6, 2016 19:02:36 GMT
Let's hope there are no Acorns involved with this one That is a corny joke. No. That is an inside joke.
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treeman
Member of DD Central
Posts: 1,026
Likes: 557
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Post by treeman on Sept 6, 2016 19:04:29 GMT
I Assume this will be PBL132 (it's listed as 131, but that is obviously wrong ) They just changed it Will do DD stuff after I've completed some Arboretum DD I believe only treeman and I are uniquely qualified to do DD on the arboretum... Oh I dunno - anyone could sow the seeds, then branch out into all avenues of enquiry; and obviously chip in to help cooling_dude if he gets stumped 
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. Any observations you have please be sure to post it in this thread and I will try to add it to this overview.
)
