twoheads
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Post by twoheads on Feb 13, 2017 12:42:31 GMT
New tranche (6) just added to DFL005, value £590,369.
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twoheads
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Post by twoheads on Feb 13, 2017 17:41:50 GMT
SS have just upped the value of pipeline PBL153 from £518.7k to £682.5k [LTV from 38% to 50%].
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twoheads
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Post by twoheads on Feb 13, 2017 21:02:21 GMT
B@st@rds! That was three entries that needed updating!! Don't SS appreciate that people are busy working new and inventive ways of dis'ing them through the pseudo-anonymity of a forum? I expect you're really pleased to have volunteered!
Please keep up the good work, it is very much appreciated.
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twoheads
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Post by twoheads on Feb 14, 2017 8:59:48 GMT
@new2p2p, a little more work for you... PBL153 term has been changed from six months to one year.
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twoheads
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Post by twoheads on Feb 16, 2017 13:17:50 GMT
on it - PBL - N***** K*******, Lanark  12% !
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 16, 2017 13:18:03 GMT
New pipeline loan - A renewal and increased PBL127 Shhhh - don't disturb it.... it's one of those rare 12% ones... endangered and should be treated with care
Edit : Beaten to it |
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adrianc
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Post by adrianc on Feb 16, 2017 14:22:56 GMT
Now pipeline loan - A renewal and increased PBL127 Shhhh - don't disturb it.... it's one of those rare 12% ones... endangered and should be treated with careUp from £552k against £985k (56%) to £817k against £1.76m (46%, allegedly). It's PBL, yet this was billed to be coming back as a DFL? If not a DFL, what justifies the mahoosive increase in value? They've misplaced 10 acres somehow, too. The original had £985k vacant market, £875k 90day. The new is £2.1m vacant, £1.76m 90-day. Yet the valuers say they've only done a "driveby" since the original visit. All I can see different is that there's been an amendment passed to one pre-existing planning permission, while the windmill's been built for the other one. There was no mention of any residential tenancy in the farmhouse, but now one director of the company is on a rolling tenancy.
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am
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Post by am on Feb 16, 2017 18:03:04 GMT
Now pipeline loan - A renewal and increased PBL127 Shhhh - don't disturb it.... it's one of those rare 12% ones... endangered and should be treated with careUp from £552k against £985k (56%) to £817k against £1.76m (46%, allegedly). It's PBL, yet this was billed to be coming back as a DFL? If not a DFL, what justifies the mahoosive increase in value? They've misplaced 10 acres somehow, too. The original had £985k vacant market, £875k 90day. The new is £2.1m vacant, £1.76m 90-day. Yet the valuers say they've only done a "driveby" since the original visit. All I can see different is that there's been an amendment passed to one pre-existing planning permission, while the windmill's been built for the other one. There was no mention of any residential tenancy in the farmhouse, but now one director of the company is on a rolling tenancy. The differences are 1) They added values for the housing plots and holiday chalet plots. 2) They've capitalised the rent on the wind turbine site(s?) - SS seem not to have included this in their headline value. Looking at it, my comments are 1) What is the terms of the lease with off roaders? Will it be necessary to buy out the lease before development can start? If so, you need to add a discount to the valuation. 2) Looking at the aerial view on Google Maps, not all of the area shown as forestry on the OS maps is afforested - either the plantings didn't take, or they've been clear-felled. This may require a revaluation of the forestry element, as forestry land prices include an element for the standing crop. (But compared to the other elements that a relatively minor adjustment.) On the other hand, the photographs shown in the VR look as if the plantations need thinning, so there's an immediate income via the pulp or woodchip markets.) 3) Splitting the planning permissions for the two projects make the property more marketable, in that it can be lotted. I can't remember why I passed on this one last time.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 16, 2017 18:59:05 GMT
DFL013 - Tranche 2 just appeared
£168,647
Going Live Tomorrow
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twoheads
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Post by twoheads on Feb 17, 2017 10:39:48 GMT
N***** K******* pipeline loan just got a number: PBL162
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star dust
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Post by star dust on Feb 17, 2017 11:14:00 GMT
N***** K******* pipeline loan just got a number: PBL162 I've already got the go-live tomorrow - Saturday 18 February - email.
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twoheads
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Post by twoheads on Feb 17, 2017 11:43:58 GMT
N***** K******* pipeline loan just got a number: PBL162 I've already got the go-live tomorrow - Saturday 18 February - email. Yes, my e-mail notification came through about 5 minutes after it got its PBL number on-line.
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twoheads
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Post by twoheads on Feb 17, 2017 13:22:22 GMT
Huge £7.5m 12% 1 year pipeline loan just added!!
EDIT: that was at 13:20. At 13:23 they changed it to 11%
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am
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Post by am on Feb 17, 2017 14:05:26 GMT
Huge £7.5m 12% 1 year pipeline loan just added!!
EDIT: that was at 13:20. At 13:23 they changed it to 11% "Total loan funding of £11,454,043 is to be provided, being a maximum of 70% of the Gross Development Value of the property (£20,403,000) upon completion of the proposed development." (Someone buy SavingStream a calculator.) I don't know whether this should be interpreted as a £11.5m facility (LTGDV ~55%) or as a £14m facility of which the current plans foresee using £11.5m.
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elliotn
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Post by elliotn on Feb 17, 2017 15:01:57 GMT
Huge £7.5m 12% 1 year pipeline loan just added!!
EDIT: that was at 13:20. At 13:23 they changed it to 11% "Total loan funding of £11,454,043 is to be provided, being a maximum of 70% of the Gross Development Value of the property (£20,403,000) upon completion of the proposed development." (Someone buy SavingStream a calculator.) I don't know whether this should be interpreted as a £11.5m facility (LTGDV ~55%) or as a £14m facility of which the current plans foresee using £11.5m. They break it down as c7M prop purchase from related co & 4.5M build (using round no's).
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