|
|
Post by Deleted on Aug 24, 2017 10:14:42 GMT
Oooo a shiny new/(old grade 2 listed) 12% PBL in the pipeline from our familiar and popular borrowers over on DFL008 and PBL142! edit: 12% and 365days, knew I'd get beaten to it by GeorgeT rubber stamping this top quality diamond encrusted loan  |
|
twoheads
Member of DD Central
Programming
Posts: 1,089 
Likes: 1,192
|
Post by twoheads on Aug 29, 2017 13:47:17 GMT
Quite a nice looking mill in Peterborough has just popped up.
PBL of £1,225,000 on a valuation of £1,750,000 - equating to 70% LTV.
This one's for six months only.
VR is not yet available but the overview suggests that an offer of £2.2M was turned down in March so the security looks (on the face of it) pretty sound.
|
|
GeorgeT
Member of DD Central
Posts: 1,322
Likes: 1,576
|
Post by GeorgeT on Aug 29, 2017 14:00:07 GMT
Quite a nice looking mill in Peterborough has just popped up.
PBL of £1,225,000 on a valuation of £1,750,000 - equating to 70% LTV.
This one's for six months only.
VR is not yet available but the overview suggests that an offer of £2.2M was turned down in March so the security looks (on the face of it) pretty sound. And, crucially, another 12% loan. The 183 day term is a negative.
|
|
mary
Member of DD Central
Posts: 698 
Likes: 711
|
Post by mary on Aug 29, 2017 14:15:27 GMT
Quite a nice looking mill in Peterborough has just popped up.
PBL of £1,225,000 on a valuation of £1,750,000 - equating to 70% LTV.
This one's for six months only.
VR is not yet available but the overview suggests that an offer of £2.2M was turned down in March so the security looks (on the face of it) pretty sound. And, crucially, another 12% loan. The 183 day term is a negative. Or you can invest in tranche 2 of DFL03, which is also 12%, and is confirmed as a 1 year extension, although main DFL03 yet to show as extended!
|
|
twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
|
Post by twoheads on Aug 29, 2017 14:46:18 GMT
Or you can invest in tranche 2 of DFL03, which is also 12%, and is confirmed as a 1 year extension, although main DFL03 yet to show as extended! Unfortunately, I've got a chunk of DFL022 with the same borrower... I don't really want to increase my exposure in the Huddersfield student blocks.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on Aug 29, 2017 14:47:24 GMT
Quite a nice looking mill in Peterborough has just popped up.
PBL of £1,225,000 on a valuation of £1,750,000 - equating to 70% LTV.
This one's for six months only.
VR is not yet available but the overview suggests that an offer of £2.2M was turned down in March so the security looks (on the face of it) pretty sound. And, crucially, another 12% loan. The 183 day term is a negative. There's always an "Offer" that's been made, I'm sure you take that with a pinch of salt. Could be the Borrower's brother or sister for all we know. As if some Platforms would tell you anyway.
|
|
sirius
Member of DD Central
Posts: 161
Likes: 141
|
Post by sirius on Aug 29, 2017 18:48:02 GMT
This loan looked, on the surface, interesting. However, I finished reading the valuation report some time ago, but I have only now stopped laughing enough to be able to press the right keys on the keyboard!
What with the photographs, the valuers prose, the saga of the price reductions, sudden interest, counter offer and more.......priceless, you MUST read it!
ps I just love the master bedroom.
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Aug 29, 2017 19:46:47 GMT
This loan looked, on the surface, interesting. However, I finished reading the valuation report some time ago, but I have only now stopped laughing enough to be able to press the right keys on the keyboard! What with the photographs, the valuers prose, the saga of the price reductions, sudden interest, counter offer and more.......priceless, you MUST read it! ps I just love the master bedroom. But they turned down an offer for 2.2 million so we should be "comforted" by that. Really don't like this one. The valuation report seems like what it might be worth if it was immaculately refurbished but not in it's current sorry state.
|
|
twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
|
Post by twoheads on Aug 30, 2017 7:58:00 GMT
Well the pipeline's full to bursting:
£3.3M in shiny new loans - two PBLs and a DFL £980k in five separate development tranches
Friday's interest run will pay out around £1.3M.
Are we to assume that one or more repayments are imminent? * PBLs 107 and 108 (total £3.7M) are 'expecting repayment near the due date' (which was last week). * Could it be PBL143 (£7.9M) which has been rumoured to be repaying imminently for months now? 'The buyer is currently negotiating access to the site.'
|
|
treeman
Member of DD Central
Posts: 1,026
Likes: 557
|
Post by treeman on Sept 15, 2017 15:10:19 GMT
Peterborough PBL has now vanished
|
|
twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
|
Post by twoheads on Sept 27, 2017 16:19:35 GMT
PBL - Development Site, Lanark
A new 6 month PBL for £2.4M paying 12% with low LTV at 38%.
VR is not available yet.
|
|
p2p2p
Member of DD Central
Posts: 123
Likes: 114
|
Post by p2p2p on Sept 28, 2017 17:26:07 GMT
I do wish there were a simple way of recording how much exposure I have to each lender. The two new pipeline loans today looked exciting until I realised I already had cash with both their ultimate owners, and almost as an aside I learn that existing loans for land in Wales and Scotland will soon be combined under one company, which is unexpected.
If only the pipeline tables had a column showing 'your total investment with these people', I could manage my diversity so much better.
|
|
|
|
Post by harryvederci on Sept 28, 2017 17:55:00 GMT
might be worth a quick search of the property address + 'planning' before deciding whether to pitch in Dorset
|
|
GeorgeT
Member of DD Central
Posts: 1,322
Likes: 1,576
|
Post by GeorgeT on Sept 29, 2017 7:45:57 GMT
might be worth a quick search of the property address + 'planning' before deciding whether to pitch in Dorset I won't be getting involved in that one. You'd think they have learnt their lesson after the garden centre. At least they admit they are lending at over 100% LTV and justify it by saying it is because the borrower is such a good borrower and has existing business with them , although none of the existing loans have been repaid. They could start offering 14% on some of these loans and I still would not be interested.
|
|
|
|
Post by supernumerary on Oct 5, 2017 9:02:11 GMT
PBL - Development Site, Lanark A new 6 month PBL for £2.4M paying 12% with low LTV at 38%. VR is not available yet. This loan is currently no longer being listed in the pipeline loans section. It was there yesterday evening, but disappeared this morning at some point...
|
|
