rocky1
Member of DD Central
Posts: 1,139 
Likes: 1,963
|
Post by rocky1 on Apr 14, 2018 7:01:27 GMT
reply to my self. funding is not keeping pace with the needs of the developer.tranches must be funded promptly.i feel that most of us have done the best we can to fund tranche after tranche after extension etc etc on all of these dfls.we are doing our part of the deal.lendy need to sort their own bloody house out and get us repaid promply on our loans to keep up with the needs of us the lowly investors that allow them to sit on their ar*ses giving out this sort of cr*p. who do they think they are talking to. lendy themselves are the reason that tranches cannot fill with millions of our funds already tied up in these loans.20+ loans in default and rising with sod all being done. of course lendy seem to not have much financial incentive to chase these up.they need to keep pushing out more to collect their fees.lendy let me tell you capital+interest returns are not keeping up with the needs of your investors.please stop patronising us with your BS.
|
|
MONEY
Posts: 63
Likes: 831
|
Post by MONEY on Apr 18, 2018 17:15:50 GMT
T21's loan value has been revised:- Revised - 18th April 2018:  Original - 3rd April 2018:  What's the betting two little ducks will be waddling along soon.  |
|
|
|
Post by GSV3MIaC on Apr 18, 2018 17:33:42 GMT
They'll be a bit disappointed that the lake, shown on the original artists hallucination, doesn't seem to be there yet. 8>.
|
|
empirica
Member of DD Central
Posts: 326
Likes: 235
|
Post by empirica on Apr 19, 2018 19:26:55 GMT
Interesting commentary accompanying the latest Tranche:
"Tranche 22 is the latest tranche for the project, having previously agreed to extend the loan term by four months to August 2018 (recent loan updates refer). Following subsequent discussions with the borrower we have agreed to extend the loan term by a further eight months to April 2019 to ensure the borrower has sufficient time and funds to complete the development and cover the extension costs.
Owing to a proposed separate equity investment of £5.5m, there is a possibility that the agreed build loan may not be fully drawndown. This second source of funding would be provided by the same equity investor behind the purchase of the Arboretum site (DFL005), and would be used to assist with build costs.
Lendy has had sight of Heads of Terms regarding the sale and leaseback of the completed development, which has reassured us that the full repayment of the loan may be made before the end of the year. In which case a rebate of interest will be made to the borrower and investors will be repaid their capital and accrued interest as at the date of full repayment."
When it comes to signed HoT's they show intent but are far from being a 'done deal' and given these are the same parties behind the delayed DFL005 transaction, there's not a great track record to date.
And might the funds originally heading for Devon now be destined for N.Yorkshire instead?
At least the interest is still being paid / returned.
|
|
reinvestor
Member of DD Central
Posts: 194
Likes: 224
|
Post by reinvestor on Apr 25, 2018 9:57:25 GMT
I received an email this morning with the subject line "eco lodge development investment"
It goes on to state:
"The Resort contains 50 lakeside and floating lodges & a high-end globally branded 104-Bedroom Hotel, Spa and Leisure Centre.
To fund further expansion, we are offering a fixed rate of 8% (gross) per annum, paid in cash quarterly, with a legal charge over the assets."
The "photos" and artists impressions of the place look VERY similar to those we have all seen.
I can't get any more information without giving them my email address and I don't want to do that.
|
|
zedi
Member of DD Central
Posts: 80 
Likes: 47
|
Post by zedi on Apr 25, 2018 12:17:07 GMT
I received an email this morning with the subject line "eco lodge development investment" It goes on to state: "The Resort contains 50 lakeside and floating lodges & a high-end globally branded 104-Bedroom Hotel, Spa and Leisure Centre. To fund further expansion, we are offering a fixed rate of 8% (gross) per annum, paid in cash quarterly, with a legal charge over the assets." The "photos" and artists impressions of the place look VERY similar to those we have all seen. I can't get any more information without giving them my email address and I don't want to do that. Interesting, who was the sender of the email?
|
|
Mousey
Member of DD Central
Posts: 1,598
Likes: 6,768
|
Post by Mousey on Apr 25, 2018 12:34:28 GMT
There's a website at http://www.t****lakes.co.uk concerning the devolpment in the e-mail with links to http://www.r******capital.com who are providing the bond. A pointless post I know with all the *'s but I'll pm Zedi with the links for DDC if they don't have them already.
Edit to add: This site is some 60 miles south of DFL019 so don't think it's the same one!
|
|
reinvestor
Member of DD Central
Posts: 194
Likes: 224
|
Post by reinvestor on Apr 25, 2018 14:00:59 GMT
The email was from: Eco Lodge Development [news@ds.businessbulletins.co.uk]
|
|
|
|
Post by rb5286 on Apr 25, 2018 14:17:06 GMT
I received an email this morning with the subject line "eco lodge development investment" It goes on to state: "The Resort contains 50 lakeside and floating lodges & a high-end globally branded 104-Bedroom Hotel, Spa and Leisure Centre. To fund further expansion, we are offering a fixed rate of 8% (gross) per annum, paid in cash quarterly, with a legal charge over the assets." The "photos" and artists impressions of the place look VERY similar to those we have all seen. I can't get any more information without giving them my email address and I don't want to do that. What? it takes like 2 minutes to create an email account...gmail; hotmail. You must be of the older generation, so how about AOL ;-)
|
|
reinvestor
Member of DD Central
Posts: 194
Likes: 224
|
Post by reinvestor on Apr 25, 2018 14:21:56 GMT
|
|
|
|
Post by df on Apr 25, 2018 14:37:57 GMT
I received an email this morning with the subject line "eco lodge development investment" It goes on to state: "The Resort contains 50 lakeside and floating lodges & a high-end globally branded 104-Bedroom Hotel, Spa and Leisure Centre. To fund further expansion, we are offering a fixed rate of 8% (gross) per annum, paid in cash quarterly, with a legal charge over the assets." The "photos" and artists impressions of the place look VERY similar to those we have all seen. I can't get any more information without giving them my email address and I don't want to do that. I wouldn't give them my e-mail. I don't think this has anything to do with Lendy, sounds like a spam.
|
|
|
|
Post by charliebrown on May 1, 2018 12:31:31 GMT
Just noticed the latest pipeline tranche has some more photos. I must say, this developer really does finish to a high standard. The interior space looks really well done and very inviting. I still don’t find the exterior and overall site at all appealing, but the interiors look fabulous.
|
|
jsmithe
Member of DD Central
Posts: 74
Likes: 22
|
Post by jsmithe on May 2, 2018 9:52:20 GMT
Did anybody get the cashback on tranche 22 when the interest went out?
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on May 2, 2018 10:13:28 GMT
Did anybody get the cashback on tranche 22 when the interest went out? No, but we got an email yesterday written by someone who forgot what month it was, stating "Owing to overrunning maintenance of our platform any due March 2018 cashback will be credited to investors' accounts tomorrow.", by which it is assumed they meant the "April 2018 cashback".
|
|
jsmithe
Member of DD Central
Posts: 74
Likes: 22
|
Post by jsmithe on May 2, 2018 13:46:25 GMT
Did anybody get the cashback on tranche 22 when the interest went out? No, but we got an email yesterday written by someone who forgot what month it was, stating "Owing to overrunning maintenance of our platform any due March 2018 cashback will be credited to investors' accounts tomorrow.", by which it is assumed they meant the "April 2018 cashback". , you are running out of time to get the cash back on DFL019 paid as promised for today, let’s go!
|
|
