Mucho P2P
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Post by Mucho P2P on Nov 26, 2018 20:22:01 GMT
Any news on this loan Lendy Support ? The last update said refinance was very close to completion and providing formalities went to plan, it was expected to be repaid by the end of November. This loan is over £9 million and dare I say it, a full repayment with accrued interest may just go a long way in getting the tranches filled in the other loans. Refinance postponed until Feb 2019. Lets hope I'm wrong. Feb 2019! Seriously? What is the issue for the delay? It was scheduled for Nov 2018. Its needs to be refinanced ASAP to help Lendys street cred. Will interest be forthcoming up to and including Feb 2019?  <-- forget that question, we all know the answer.
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TitoPuente
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Post by TitoPuente on Nov 26, 2018 21:24:29 GMT
Any news on this loan Lendy Support ? The last update said refinance was very close to completion and providing formalities went to plan, it was expected to be repaid by the end of November. This loan is over £9 million and dare I say it, a full repayment with accrued interest may just go a long way in getting the tranches filled in the other loans. Refinance postponed until Feb 2019. Lets hope I'm wrong. Hi rs, it's always appreciated that if you are kind enough to share some genuine information in this forum, you provide a commentary on the source and context. Otherwise it may be considered troll activity which is not what this forum is about.
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rs
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Post by rs on Nov 27, 2018 9:51:45 GMT
Refinance postponed until Feb 2019. Lets hope I'm wrong. Hi rs , it's always appreciated that if you are kind enough to share some genuine information in this forum, you provide a commentary on the source and context. Otherwise it may be considered troll activity which is not what this forum is about. Sorry all. Feb 2019 was my opinion and is not a fact. Lets hope i'm wrong and refinance is done earlier than Feb 2019 though.
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michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Dec 3, 2018 19:00:28 GMT
Provided the formalities are satisfactory, we expect the refinance to complete with the next few days.
Would make quite a difference to sentiment if true....
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Post by captainconfident on Dec 3, 2018 21:04:27 GMT
Provided the formalities are satisfactory, we expect the refinance to complete with the next few days.Would make quite a difference to sentiment if true.... Even cynical me felt a frisson of .. optimism ..
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adrianc
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Post by adrianc on Dec 4, 2018 8:55:30 GMT
Even cynical me felt a frisson of .. optimism .. There's a few in the update list that remind you of the old saw about the darkest part of the night being just before dawn.
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Post by mrclondon on Dec 6, 2018 19:22:54 GMT
A land registry alert from earlier this week details a pending charge, so the refinance may be underway. There are also a couple of pending purchase searches so there may be more apartment sales working their way through. Details on DD Central for those with access.
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Post by gaspilot on Dec 12, 2018 17:46:59 GMT
'Provided the formalities are satisfactory, we expect the refinance to complete with the next few days.'
Can anyone define few?
Or are the formalities unsatisfactory?
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averageguy
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Post by averageguy on Dec 12, 2018 18:58:33 GMT
'Provided the formalities are satisfactory, we expect the refinance to complete with the next few days.' Can anyone define few? Or are the formalities unsatisfactory? Well most would take a 'few' to be say 3...maybe 5 days.....in Lendy's case ..well its a dartboard job 
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Mr_N
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Post by Mr_N on Dec 13, 2018 3:24:28 GMT
'Provided the formalities are satisfactory, we expect the refinance to complete with the next few days.' Can anyone define few? Or are the formalities unsatisfactory? Well most would take a 'few' to be say 3...maybe 5 days.....in Lendy's case ..well its a dartboard job They say the same things time and time again. A few days turns into months, then the refinance falls through, back to square one. They have proven themselves to be outright liars time and time again, just to give can kicking another month, followed by another month, followed by another...
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Post by charliebrown on Dec 13, 2018 4:08:50 GMT
'Provided the formalities are satisfactory, we expect the refinance to complete with the next few days.' Can anyone define few? Or are the formalities unsatisfactory? Well most would take a 'few' to be say 3...maybe 5 days.....in Lendy's case ..well its a dartboard job Lendy has always had a very loose grip on time and reality.
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richox
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Post by richox on Dec 13, 2018 9:44:05 GMT
Lendy is a Lender of last resort. People borrow from Lendy when they struggle to borrow from anyone else. Maybe not impossible, but finding someone prepared to refinance a Lendy loan is far from easy. Once a borrower starts talking about refinance you know the loan is in serious trouble. Lendy always paints a rosy picture giving the impression that there is no problem, but most attempts to refinance get nowhere.
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Mucho P2P
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Post by Mucho P2P on Dec 13, 2018 11:15:52 GMT
'Provided the formalities are satisfactory, we expect the refinance to complete with the next few days.' Can anyone define few? Or are the formalities unsatisfactory? Well most would take a 'few' to be say 3...maybe 5 days.....in Lendy's case ..well its a dartboard job A "few" days is more than a couple of days, and certainly less than a couple of weeks, possible less than a week, or thereabouts. So it should be before Xmas at the latest.
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Mucho P2P
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Post by Mucho P2P on Dec 13, 2018 11:22:27 GMT
Well most would take a 'few' to be say 3...maybe 5 days.....in Lendy's case ..well its a dartboard job Lendy has always had a very loose grip on time and reality. I think it should also be added that lendy has a loose grip on actually realising capital tied up in many contentious loans.
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rocky1
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Post by rocky1 on Dec 13, 2018 11:46:46 GMT
it just seems that every loan comes up with the same problems/excuses.where/what/is/ all the supposed security/debentures/PGs that is thrown at us when these borrowers are looking for funds.it seems nearly all of these borrowers couldent give a toss and how are they all getting on with their lifestyle whilst owing millions to other people.if our securitys were any good in the first place why are lendy/us in such a mess.cannot see these schemes getting refinanced at anything near lendys valuations.i think Liam is talking about having the whole loanbook revalued loan by loan. cant wait to see the outcome of that exercise.i hope they are RICs valuers or get the same people who done the first/second/third valuations on some of these pisstake DFLs ever increasing GDVs.
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<-- forget that question, we all know the answer.
