Garage246
Member of DD Central
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Likes: 209
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Post by Garage246 on May 21, 2019 10:13:34 GMT
Article in Lanc****** Tele***** that investors (those that put a deposit on apartments) have had to put in an extra 8% over their deposits to the new company running the development). We'll see how much of a haircut we will have. I bet it will be more than 8%...
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sj
Member of DD Central
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Post by sj on May 21, 2019 10:57:58 GMT
Email updates have been sent by Lendy. As it says at the top in bold, DON'T DISCUSS IT HERE! I am sick of certain plonkers on here ignoring these warning and putting *MY* money at risk. For those of you that did not get the email, it isn't that exciting, you're not missing out on anything really. Private portal on the website will probably be updated soon too I guess.
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Garage246
Member of DD Central
Posts: 116
Likes: 209
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Post by Garage246 on May 21, 2019 11:07:21 GMT
Problem is that some people get the updates others don't. I haven't received any update email and yet there is information in the public domain out there. If the communication side was handled correctly and investors kept up to date promptly there wouldn't be the vacuum that there currently is.
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chriscross
Member of DD Central
Posts: 63
Likes: 70
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Post by chriscross on May 21, 2019 11:10:38 GMT
Without wanting to come under the wrath of the "non discussion police", does anyone have an inkling of what percentage of our loan parts we could hopefully expect to get back from DFL012. I have given up on the interest I think that went months ago..
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SteveT
Member of DD Central
Posts: 6,875
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Post by SteveT on May 21, 2019 11:10:41 GMT
Problem is that some people get the updates others don't. I haven't received any update email and yet there is information in the public domain out there. If the communication side was handled correctly and investors kept up to date promptly there would be the vacuum that there currently is. It does seem daft to send out an email but not yet post its contents on the loan's "private portal"
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Monetus
Member of DD Central
Posts: 1,179
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Post by Monetus on May 21, 2019 11:21:26 GMT
I am invested in this loan and didn’t receive any update email.
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jfh82
Posts: 77
Likes: 99
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Post by jfh82 on May 21, 2019 11:45:17 GMT
Without wanting to come under the wrath of the "non discussion police", does anyone have an inkling of what percentage of our loan parts we could hopefully expect to get back from DFL012. I have given up on the interest I think that went months ago.. No inkling was provided...
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Post by 65zodiac on May 21, 2019 11:46:05 GMT
Email updates have been sent by Lendy. As it says at the top in bold, DON'T DISCUSS IT HERE! I am sick of certain plonkers on here ignoring these warning and putting *MY* money at risk. For those of you that did not get the email, it isn't that exciting, you're not missing out on anything really. Private portal on the website will probably be updated soon too I guess. Frankly, I am becoming more concerned with the comments of other investors, than Lendy management updates. It is pointless speculating until the facts are known. ( what a late friend of mine referred to as 'the mutual exchange of ignorance' (of the facts))
It is what it is. Not too many moaning when being paid 1% gross per month.
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TenKay
Member of DD Central
Posts: 144
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Post by TenKay on May 21, 2019 11:50:13 GMT
i dont believe the following will infringe any disclosure agreement
While the net sale proceeds do not cover the outstanding loan, this is a significant and positive step forward.
well thats one way to put a spin on losing peoples investments
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averageguy
Member of DD Central
Posts: 1,188
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Post by averageguy on May 21, 2019 11:58:44 GMT
Email updates have been sent by Lendy. As it says at the top in bold, DON'T DISCUSS IT HERE! I am sick of certain plonkers on here ignoring these warning and putting *MY* money at risk. For those of you that did not get the email, it isn't that exciting, you're not missing out on anything really. Private portal on the website will probably be updated soon too I guess. Updated
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on May 21, 2019 12:33:45 GMT
Problem is that some people get the updates others don't. I haven't received any update email and yet there is information in the public domain out there. If the communication side was handled correctly and investors kept up to date promptly there would be the vacuum that there currently is. It does seem daft to send out an email but not yet post its contents on the loan's "private portal" Update belatedly added to the "private portal" (almost as if someone is watching here) 
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ptr120
Member of DD Central
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Post by ptr120 on May 21, 2019 12:47:14 GMT
Lendy Support was loged in to the forum 22 hours ago so they do have time to peruse our posts between their hard work in recovering defaulted loans
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Mousey
Member of DD Central
Posts: 1,598
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Post by Mousey on May 21, 2019 12:48:32 GMT
It looks like the unsecured creditors have effectively faced a 92% recovery ahead of the secured creditors which are facing a loss.
All while the freehold is owned by Lendy Properties Ltd
Smells worse than some of my cheeses!
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r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
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Post by r1200gs on May 21, 2019 13:02:59 GMT
It looks like the unsecured creditors have effectively faced a 92% recovery ahead of the secured creditors which are facing a loss.
All while the freehold is owned by Lendy Properties Ltd
Smells worse than some of my cheeses!
I've been avoiding watching this is the same way you close your eyes to an approaching head on collision, but can somebody tell me how Lendy ended up owning the freehold which is presumably a huge sum of money that came from.... And I would be overjoyed at a 92% recovery which unsecured creditors have got but secured creditors will get less? What the hell?!
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Mousey
Member of DD Central
Posts: 1,598
Likes: 6,768
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Post by Mousey on May 21, 2019 13:12:14 GMT
can somebody tell me how Lendy ended up owning the freehold which is presumably a huge sum of money that came from So Lendy Properties Ltd (a separate legal entity from Lendy Ltd) bought the freehold for £1.35m in 2018 I recall.
I'm unsure where the money came from or for what reason they bought it.
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