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Post by bengilbert on Feb 16, 2017 11:24:53 GMT
This loan has now repaid after the sale of the property.
Apologies that repayment happened today, not yesterday (when the deal actually completed) - this was due to a delay at the solicitors in getting the wire processed and nothing to do with MoneyThing.
We hope to have at least 1 new deal ready to launch next week.
Thanks to everyone who invested in the deal.
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Post by Deleted on Feb 16, 2017 12:49:31 GMT
bengilbert - the 17p extra interest was just what I needed!!! You mentioned in one of your (I presume) monthly updates about the possibility of a land purchase in Sandbanks - any news as this will be a good investment opportunity given it's prime location?
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Post by bengilbert on Feb 16, 2017 13:18:15 GMT
bengilbert - the 17p extra interest was just what I needed!!! You mentioned in one of your (I presume) monthly updates about the possibility of a land purchase in Sandbanks - any news as this will be a good investment opportunity given it's prime location? The borrowers on one of our existing loans (BPF543) have an option to purchase the adjacent property. They have submitted plans for the combined site and, as soon as planning approval is confirmed, will exercise the option to purchase the adjacent property. We're just waiting on the planning decision, which is expected this month (although we've been expecting it since January and so we can't be confident on when it will be granted). I think this may be the loan you're talking about.
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rogerbu
Member of DD Central
Posts: 398
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Post by rogerbu on Feb 16, 2017 13:26:45 GMT
Thanks for the updates bengilbert The excellent communication from you and Moneything continues to give me confidence in all the BPF deals.
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Post by Deleted on Feb 16, 2017 14:49:52 GMT
To think my family owned large swathes of this peninsula before the army requisitioned it...
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