cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on Oct 20, 2016 12:16:06 GMT
LIVE LOAN
| Loan Amount | : | £ | 357,000
| | Security Value | : | £ | 510,000
| | SS Indicated LTV | : |
| 70% | | 90 Day Market Valuation | : | £ | 425,000
| | LTV Based on 90 day Market Valuation | : |
| 84% | | Term | : |
| 183 days | | % PA | : |
| 12% |
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sam i am
Member of DD Central
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Post by sam i am on Oct 20, 2016 12:40:34 GMT
Good job you put the asterisks in the town name. We wouldn't want anyone guessing the true identity of T******** Wells  |
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guff
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Post by guff on Oct 20, 2016 12:48:29 GMT
It could have been a right royal mess-up.
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adrianc
Member of DD Central
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Post by adrianc on Oct 20, 2016 14:49:00 GMT
Has this been lurking in the pipeline for ages? Or did it go away and come back again?
Anyway, it's a long-leasehold restaurant above shops (shops not included), with a couple of flats thrown in for good measure. The restaurant is run by the borrower, and is heavily tied in with their farm in C***b*****h - a location that's been quite popular on SS lately. I wonder if that's a coincidence, or if the borrowers are linked...? Anyway, TripAdvisor suggests the restaurant's very nice, but it doesn't look cheap. Par for the location, I guess. Five star food hygiene, so no repeat of our friend A****o over at LC, we hope...
Flat one is the restaurant manager's tied accommodation.
Flat two is two-bed and separate - I can't see if that's tenanted or not, so presume not. Recently refurbished.
Flat three is a studio "understood to be in need of repair and refurbishment".
Bought in 2015 for £425k, refurbished since - and previously marketed as a dev plot for £700k.
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sam i am
Member of DD Central
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Likes: 555
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Post by sam i am on Oct 20, 2016 15:19:34 GMT
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adrianc
Member of DD Central
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Post by adrianc on Oct 20, 2016 15:30:32 GMT
So the same as 24/51/52/53 - all of which were for significantly more, and have all repaid cheerfully.
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guff
Posts: 730
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Post by guff on Oct 20, 2016 16:48:45 GMT
Good job you put the asterisks in the town name. We wouldn't want anyone guessing the true identity of T******** Wells Unlike some people... 
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 20, 2016 19:35:34 GMT
I'm going to stick my neck out and predict a maximum allocation of £170. I would have suggested less, but ISTM that there'll be competition for investors' money from PBL142.
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dan83
Posts: 243
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Post by dan83 on Oct 20, 2016 21:33:54 GMT
I got 2 emails about this, first around dinner time and second about 6pm. When they give 24hr notice, is it 24hrs or just some point on the date stated (if all goes according to plan)
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treeman
Member of DD Central
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Post by treeman on Oct 20, 2016 21:44:33 GMT
I got 2 emails about this, first around dinner time and second about 6pm. When they give 24hr notice, is it 24hrs or just some point on the date stated (if all goes according to plan) Just means tomorrow (probably.........  ). We reserve the right to delay or cancel etc etc...... I got 2 emails too ? They've been known to go-live from first thing in the morning till halfway through the evening............. watch your inbox !
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hantsowl
Member of DD Central
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Post by hantsowl on Oct 21, 2016 0:21:44 GMT
I got 2 emails about this, first around dinner time and second about 6pm. When they give 24hr notice, is it 24hrs or just some point on the date stated (if all goes according to plan) Just means tomorrow (probably......... ). We reserve the right to delay or cancel etc etc...... I got 2 emails too ? They've been known to go-live from first thing in the morning till halfway through the evening............. watch your inbox ! I also got 2 emails, but noticed that PBL142 had been assigned on the pipeline page. So I replied the email asking if they made a mistake and mean't 142 rather than 141. Minutes later another email arrived stating that 142 goes live tomorrow. So, I think the second 141 notification was simply a mistake and should have referred to 142.
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pom
Member of DD Central
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Post by pom on Oct 21, 2016 9:11:30 GMT
Just means tomorrow (probably......... ). We reserve the right to delay or cancel etc etc...... I got 2 emails too ? They've been known to go-live from first thing in the morning till halfway through the evening............. watch your inbox ! I also got 2 emails, but noticed that PBL142 had been assigned on the pipeline page. So I replied the email asking if they made a mistake and mean't 142 rather than 141. Minutes later another email arrived stating that 142 goes live tomorrow. So, I think the second 141 notification was simply a mistake and should have referred to 142. So did I (reply that is)...wonder if their mailbox was flooded 
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adrianc
Member of DD Central
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Post by adrianc on Oct 21, 2016 9:47:45 GMT
So the same as 24/51/52/53 - all of which were for significantly more, and have all repaid cheerfully. <thinks way back> 11,12,13, too? Two are in C***b*****h, and the third was the same borrower, wasn't it? They were just repaying when I started on SS, iirc.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Oct 21, 2016 10:07:14 GMT
So the same as 24/51/52/53 - all of which were for significantly more, and have all repaid cheerfully. <thinks way back> 11,12,13, too? Two are in C***b*****h, and the third was the same borrower, wasn't it? They were just repaying when I started on SS, iirc. I'm pretty sure that 11,12,13 are not connected to this borrower.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Oct 21, 2016 10:54:59 GMT
Just Gone Live...
> £170.00 Allocation
> 2194 Investors @ Live
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). We reserve the right to delay or cancel etc etc......
