adrianc
Member of DD Central
Posts: 10,042 
Likes: 5,157
|
Post by adrianc on Feb 2, 2019 18:46:39 GMT
What I want to see is a fresh current valuation, cost to complete and anticipated GDV. Then we'll have some transparency on best outcome for lenders. <nods> "Valuation for unfinished building site not particularly great." Hold the front page.
|
|
locutus
Member of DD Central
Posts: 1,059
Likes: 1,622
|
Post by locutus on Feb 2, 2019 19:25:30 GMT
Lendy investors are in a very strong position with this loan so I'm inclined to hold out for everything that is owed. Apartment buyers have my complete sympathy and I hope they do pursue criminal action against the people that have mismanaged this development. However, unless they are prepared to pay the debt that is owed, they will end up with nothing as unsecured creditors. Let's see what the next few days bring.
|
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on Feb 14, 2019 15:38:49 GMT
An update on 1st the reported an offer made and a further update within 7 days. Silence. I'm going to assume the lack of excitement and a further update means investors have bad news coming, cynical little old me.  |
|
Steerpike
Member of DD Central
Posts: 1,978
Likes: 1,687
|
Post by Steerpike on Feb 15, 2019 10:34:36 GMT
Support:
Hello, the update on 1-Feb-19 promised an update in the next 7 days. Please can you say when you now expect to post the next update?
Dear Steerpike
Thank you for your email and raising your concerns.
We are presently awaiting key information from our external legal and recoveries partners to be to provide further updates.
Thank you for your patience in this matter.
Kind regards,
The Lendy Support Team
|
|
averageguy
Member of DD Central
Posts: 1,188
Likes: 895
|
Post by averageguy on Feb 15, 2019 10:39:58 GMT
Support: Hello, the update on 1-Feb-19 promised an update in the next 7 days. Please can you say when you now expect to post the next update? Dear SteerpikeThank you for your email and raising your concerns.We are presently awaiting key information from our external legal and recoveries partners to be to provide further updates.
Thank you for your patience in this matter.
Kind regards,
The Lendy Support TeamThanks for bothering to post that answer
|
|
Balder
Member of DD Central
Posts: 646
Likes: 622
|
Post by Balder on Feb 15, 2019 10:42:28 GMT
Support: Hello, the update on 1-Feb-19 promised an update in the next 7 days. Please can you say when you now expect to post the next update? Dear SteerpikeThank you for your email and raising your concerns.We are presently awaiting key information from our external legal and recoveries partners to be to provide further updates.
Thank you for your patience in this matter.
Kind regards,
The Lendy Support TeamSo we know already that the new super team are rubbish at estimating timescales with all their experience they should really be all over this!
|
|
Steerpike
Member of DD Central
Posts: 1,978
Likes: 1,687
|
Post by Steerpike on Feb 15, 2019 10:46:08 GMT
Clearly disappointing that after all the positive spin, it appears that the Lendy machine continues to over promise and under perform and treat lenders with disdain.
|
|
|
|
Post by picanto on Feb 15, 2019 10:46:53 GMT
The frustrating thing is, there are a number of loans which Lendy promised an update with the w/c 4th Feb, and yet not one update on any of them. If it was just this particular loan then I could understand, but no further information from any of them? Poor show Lendy.
|
|
|
|
Post by loftankerman on Feb 15, 2019 12:58:01 GMT
The frustrating thing is, there are a number of loans which Lendy promised an update with the w/c 4th Feb, and yet not one update on any of them. If it was just this particular loan then I could understand, but no further information from any of them? Poor show Lendy. You may be being a bit harsh. If the new recovery team were half as smart as Lendy claimed, they've probably all cleared off leaving Lendy in the lurch.
|
|
|
|
Post by p2plender on Feb 15, 2019 13:13:15 GMT
How's life over at the 'positive thread' these days? Are they still 'feeling it and the renewed love for Lendy'. Would neet stoop so low as to visit..
|
|
|
|
Post by loftankerman on Feb 15, 2019 13:34:27 GMT
How's life over at the 'positive thread' these days? Are they still 'feeling it and the renewed love for Lendy'. Would neet stoop so low as to visit.. It's a great place to visit and contribute if you are a fan of irony.
|
|
jomantha
Member of DD Central
Posts: 177 
Likes: 63
|
Post by jomantha on Feb 25, 2019 10:45:16 GMT
Support (Lendy Ltd) Feb 25, 09:40 GMT Dear Thank you for your email and raising your concerns which we will escalate. You can be assured that we will be providing full updates across the loan book including H********** Quay, where further disclosable information is obtained and evaluated from our external legal and recoveries teams by the end of this week. Thank you for your patience in this matter while our new recoveries process is embedded and we are obtaining and evaluating key updates from our external partners. Kind regards, The Lendy Customer Support Team Lendy t: +44 (0) 800 779 7706 e: support@lendy.co.uk w: www.lendy.co.uk Feb 22, 22:55 GMT WHAT is going on with the sale of this asset. Can you please provide me with an update on each of my loan parts please as a matter of urgency as none of the month old updates have come to fruition |
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on Feb 26, 2019 9:51:20 GMT
Support (Lendy Ltd) Feb 25, 09:40 GMT Dear Thank you for your email and raising your concerns which we will escalate. You can be assured that we will be providing full updates across the loan book including H********** Quay, where further disclosable information is obtained and evaluated from our external legal and recoveries teams by the end of this week. Thank you for your patience in this matter while our new recoveries process is embedded and we are obtaining and evaluating key updates from our external partners. Kind regards, The Lendy Customer Support Team Lendy t: +44 (0) 800 779 7706 e: support@lendy.co.uk w: www.lendy.co.uk Feb 22, 22:55 GMT WHAT is going on with the sale of this asset. Can you please provide me with an update on each of my loan parts please as a matter of urgency as none of the month old updates have come to fruition Yup, you're far from the only one wondering what is going on here and where our update is. Like many I suspect, I could not see how this prestigious and already largely sold project could end up like this and I'm heavily invested, although invested is probably the wrong word. Every day goes by I wonder how much their "external recovery and legal team" are taking from our security in fees. The vultures have landed to strip the meat and we might get a few bones.
|
|
jomantha
Member of DD Central
Posts: 177
Likes: 63
|
Post by jomantha on Feb 26, 2019 13:05:43 GMT
They have ignored my messages telling them that is not answer.
|
|
averageguy
Member of DD Central
Posts: 1,188
Likes: 895
|
Post by averageguy on Feb 26, 2019 13:56:31 GMT
Support (Lendy Ltd) Feb 25, 09:40 GMT Dear Thank you for your email and raising your concerns which we will escalate. You can be assured that we will be providing full updates across the loan book including H********** Quay, where further disclosable information is obtained and evaluated from our external legal and recoveries teams by the end of this week. Thank you for your patience in this matter while our new recoveries process is embedded and we are obtaining and evaluating key updates from our external partners. Kind regards, The Lendy Customer Support Team Lendy t: +44 (0) 800 779 7706 e: support@lendy.co.uk w: www.lendy.co.uk Feb 22, 22:55 GMT WHAT is going on with the sale of this asset. Can you please provide me with an update on each of my loan parts please as a matter of urgency as none of the month old updates have come to fruition Yup, you're far from the only one wondering what is going on here and where our update is. Like many I suspect, I could not see how this prestigious and already largely sold project could end up like this and I'm heavily invested, although invested is probably the wrong word. Every day goes by I wonder how much their " external recovery and legal team" are taking from our security in fees. The vultures have landed to strip the meat and we might get a few bones. ...and in the middle we have the same old staff who really weren't up to it (for one reason or another) in charge of communications ...no change there!
|
|
