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Post by charles on Jul 3, 2017 6:12:18 GMT
Hi charles , wondering if you have an update on the status of the forward sale agreement, please? Thank you. Hi lendinglawyer, Apologies for the late reply, but we've just received an update from the Principal Lender, who has advised that pre-conditions to the forward sale agreement between the borrower and the FTSE 250 company are still pending. You'll see the same information has been updated in the Property Crowd deal room. Kind regards, Charles
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Post by d_saver on Jul 11, 2017 10:47:20 GMT
Hi charles , wondering if you have an update on the status of the forward sale agreement, please? Thank you. Hi lendinglawyer , Apologies for the late reply, but we've just received an update from the Principal Lender, who has advised that pre-conditions to the forward sale agreement between the borrower and the FTSE 250 company are still pending. You'll see the same information has been updated in the Property Crowd deal room. Kind regards, Charles Hi charles, Are you able to comment on exactly what pre-conditions for the forward sale agreement are still outstanding? Thanks.
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Post by d_saver on Jul 27, 2017 13:52:15 GMT
OK, no update on the contracts, but I did just get this, so looks like it is repaying early.
"We have received formal notice from the Principal Lender that the borrower has repaid the underlying loan early, in full. Pursuant to the terms of the Callable Zero Coupon Bonds issued by GB1703001B Limited, the bonds have been called for redemption by the Issuer.
The early redemption price will reflect a realised yield of 10.2% annualised."
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mrflush
Member of DD Central
This is not me
Posts: 98 
Likes: 40
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Post by mrflush on Jul 27, 2017 14:44:57 GMT
That's one way of avoiding answering a question, not that I'm sugesting that that is the case, just my attempt at humour.
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SteveT
Member of DD Central
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Post by SteveT on Aug 3, 2017 9:24:13 GMT
I've just discovered that the repaid funds have been sitting in my account since 28th July. Now withdrawn, as there's nothing of interest to reinvest in (just the perpetually available lock-ups)
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Post by d_saver on Aug 3, 2017 9:26:52 GMT
I've just discovered that the repaid funds have been sitting in my account since 28th July. Now withdrawn, as there's nothing of interest to reinvest in (just the perpetually available lock-ups) Yes - Fortunately I caught that. Just in case you didn't see, they were trying to tempt with a couple of pipeline loans due in next 2-3 weeks. Nothing of interest live yet for me either, so all withdrawn for now. I liked this deal though.
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ton27
Member of DD Central
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Post by ton27 on Aug 6, 2017 13:33:50 GMT
The email stating there was "an expectation of two loans within the next 1-2 weeks" was dated 28/7 so can we now have an update?
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rs
Member of DD Central
Posts: 467
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Post by rs on Aug 6, 2017 17:04:28 GMT
It'll be end of Aug as holiday season now.
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Post by charles on Aug 7, 2017 7:17:30 GMT
The email stating there was "an expectation of two loans within the next 1-2 weeks" was dated 28/7 so can we now have an update? Dear All, Apologies for the wait. I've been advised that based on the current timeline, we expect one of the deals to be ready by the end of this week. Kind regards, Charles
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rs
Member of DD Central
Posts: 467
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Post by rs on Aug 10, 2017 8:39:46 GMT
Dear Charles Is the deal still expected to be ready by end of this week ie tomorrow? I'm just eager to transfer my funds from property crowd or invest with property crowd.
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Post by charles on Aug 14, 2017 16:55:28 GMT
Reduction of Minimum Investment Amount
Dear Investors,
Since we launched Property Crowd earlier this year, we have had a most encouraging response from crowd investors such as yourself for the institutional grade deals that we have brought to market.
Furthermore, the first three deals we offered on our platform have since been redeemed early, thanks to the underlying borrowers being able to execute on their planned refinancings/exits ahead of schedule. We believe this is a firm testament to the time and effort we expend in screening each of the deals we make available to the crowd, and also vindication of the “quality over quantity” ethos that is at the core of our company’s values.
Another key principle we abide by is listening to our investors, and indeed we have made a number of improvements to Property Crowd over time to reflect feedback received from investors.
It is with that in mind that we are glad to announce the lowering of our investment minimums from £5,000 to approx £1,000, or 10 Bonds, for Standard and well as ISA account investments.
The aim of this decision is to increase accessibility and promote diversification, while making it easier for those who have yet to invest with us to take that first step.
We have a couple of attractive deals in the pipeline, which we will be opening for crowdfunding very shortly, and we hope that this small adjustment to investment minimums will make it easier for investors like you to engage with us on a more robust and regular basis going forward.
As always, we thank you for being a part of our journey toward revolutionising the world of real estate investment, one deal at a time. We appreciate your patience and support as members and investors of Property Crowd, and please do not hesitate to reach out to us should you have any queries.
Yours faithfully
The Property Crowd Team
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Post by charles on Aug 28, 2017 10:08:23 GMT
Just an update everyone: we're now c.40% funded on the 11.35% Southend bond in a little under two weeks. We've also got a couple more deals in the pipeline with the next one due to be offered on our platform in the coming week or so. Watch this space!  Kind regards, Charles |
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