ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 14, 2018 17:52:27 GMT
The first block on the site. The FC on MT, individual flats from the first block on Col. I'm only asking because I suspect you will know. What has he got outstanding and where? Huddersfield x 2, Cardiff x2, Glasgow, Edinburgh, Bradford all on Lendy, Huddersfield FH on Col, & a finger in Warrington on Lendy.
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Post by Badly Drawn Stickman on Jul 14, 2018 18:15:22 GMT
I'm only asking because I suspect you will know. What has he got outstanding and where? Huddersfield x 2, Cardiff x2, Glasgow, Edinburgh, Bradford all on Lendy, Huddersfield FH on Col, & a finger in Warrington on Lendy. Thank you, I will let them get back to their debate now.
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richox
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Post by richox on Jul 14, 2018 18:50:18 GMT
Read through the updates over the last year on DFL013 (Bradford) - 119 days overdue. Gamesmanship or what?
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averageguy
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Post by averageguy on Jul 14, 2018 20:57:26 GMT
Read through the updates over the last year on DFL013 (Bradford) - 119 days overdue. Gamesmanship or what? oh but Lendy do except that its an ''unacceptable situation'' LOL
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Post by df on Jul 15, 2018 1:55:39 GMT
Read through the updates over the last year on DFL013 (Bradford) - 119 days overdue. Gamesmanship or what? oh but Lendy do except that its an ''unacceptable situation'' LOL "At Lendy we have a reputation for having one of the most experienced and specialist credit assessment teams in the industry, who ensure each investment loan has met our rigorous and robust lending criteria. We only offer investors loans to invest in that have been through our rigorous and streamlined due diligence, credit and legal checking." 
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Post by p2plender on Jul 15, 2018 2:56:05 GMT
Lendy explicitly said they believed DFL004 refinance was progressing due to having 'previously done deals before'.
Broker, not individual. It's all Lendy hogwash anyhow.
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withnell
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Post by withnell on Sept 24, 2018 15:56:28 GMT
I'm starting to lose track of how many recent tranches of this relate to both interest cost for extension and for required development costs since the June 18 IMS. Transparency would suggest a split of the required figure between the two, especially as the IMS and updates imply the build is pretty much complete?
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richox
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Post by richox on Dec 15, 2018 0:11:01 GMT
I'm starting to lose track of how many recent tranches of this relate to both interest cost for extension and for required development costs since the June 18 IMS. Transparency would suggest a split of the required figure between the two, especially as the IMS and updates imply the build is pretty much complete? Chances are there's bad news behind the suspension of this and the related loans. If there had been good news Lendy would have been shouting about it. This borrower's other schemes are going nowhere unless this scheme turns out to be profitable. Trouble is he's been getting in deeper and deeper without being able to get it across the line. He's strung Lendy along for months, more recently probably kidding them that selling his failing football venture would get him out of the mire. If it' hasn't then the whole house of cards collapses, so guess why Lendy has pressed the suspend button on the whole lot. He's probably come up with some last minute tale of a pot of gold he can come up with in the next few days and Lendy have belatedly giving him yet more wriggle room while freezing our assets and leaving us in limbo. I only hope I'm wrong, but there's no excuse for Lendy's silence. They should have communicated the reasons for the suspensions immediately on taking this action.
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Post by charliebrown on Dec 15, 2018 0:29:10 GMT
I'm starting to lose track of how many recent tranches of this relate to both interest cost for extension and for required development costs since the June 18 IMS. Transparency would suggest a split of the required figure between the two, especially as the IMS and updates imply the build is pretty much complete? Chances are there's bad news behind the suspension of this and the related loans. If there had been good news Lendy would have been shouting about it. This borrower's other schemes are going nowhere unless this scheme turns out to be profitable. Trouble is he's been getting in deeper and deeper without being able to get it across the line. He's strung Lendy along for months, more recently probably kidding them that selling his failing football venture would get him out of the mire. If it' hasn't then the whole house of cards collapses, so guess why Lendy has pressed the suspend button on the whole lot. He's probably come up with some last minute tale of a pot of gold he can come up with in the next few days and Lendy have belatedly giving him yet more wriggle room while freezing our assets and leaving us in limbo. I only hope I'm wrong, but there's no excuse for Lendy's silence. They should have communicated the reasons for the suspensions immediately on taking this action. I agree. As per usual this is not looking good for us and LY have shown complete disdain for lenders by giving no explanation for their actions. Well, it’s now official, all 24 of my loans are now defaulted or suspended. The 1 star Trust Pilot reviews for LY are far too generous. LY are in a league all of their own.
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Post by p2plender on Dec 15, 2018 7:58:11 GMT
As already stated, the club sale would have been for a negligible amount - unless he managed to get Lendy to value it. Again the arrogance of Lendy shines through as lenders are left in limbo without a sniff of what's really going on.
' owner vows to sort out club's financial "mess" '
This quite pertinent as well... "We’re sorting the leaks out first – of which the boat had many – and it’s no good putting a bit of plaster over it, it needs to be resolved."
I think he's talking about the club and not Lendy though of course it would be most fitting to Lendy as 'boats' is mentioned..
All available via search of local rag of said club.
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Mucho P2P
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Post by Mucho P2P on Dec 15, 2018 11:16:42 GMT
As already stated, the club sale would have been for a negligible amount - unless he managed to get Lendy to value it. Again the arrogance of Lendy shines through as lenders are left in limbo without a sniff of what's really going on. ' owner vows to sort out club's financial "mess" ' This quite pertinent as well... " We’re sorting the leaks out first – of which the boat had many – and it’s no good putting a bit of plaster over it, it needs to be resolved." I think he's talking about the club and not Lendy though of course it would be most fitting to Lendy as 'boats' is mentioned.. All available via search of local rag of said club. Even if the club was acquired for gratis, running a club takes a large cash flow. If he can run the club, why the suspended loans? Or lets put it this way, if he can not manage the property development business, how can he manage the club? Clubs are notoriously harder to manage than property development due to constant cash flow requirements. Sound like all available cash flow and efforts diverted from the property management/development game to the football game! Ego trip???
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Post by p2plender on Dec 15, 2018 18:41:51 GMT
Don't really know full story as can't take a developer borrowing at 20% + serious. I think there was worried fan talk about ground being sold for development. I really don't think him selling the club is going to be coupled with good news here, hope I'm wrong.
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hazellend
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Post by hazellend on Dec 15, 2018 19:28:44 GMT
Don't really know full story as can't take a developer borrowing at 20% + serious. I think there was worried fan talk about ground being sold for development. I really don't think him selling the club is going to be coupled with good news here, hope I'm wrong. Selling the grounds and moving to new grounds was always the plan. Fans always worry about stuff.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Jan 11, 2019 10:01:27 GMT
New charge in favour of a JV partner registered, same as for other two blocks. JV from 1/17.
Links in DDC
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adrianc
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Post by adrianc on Jan 11, 2019 10:08:52 GMT
New charge in favour of a JV partner registered, same as for other two blocks. JV from 1/17.
Links in DDC
From January 2017? <looks at L DD> Blimey, it really is a two-year-late registration. Is that even possible? How does that affect later, but earlier-registered charges? I thought you were going all yank-date-format on us, and it was probably a typo for 7th January...
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