|
|
Spv 81
Mar 18, 2017 12:52:59 GMT
via mobile
Post by propertycalf on Mar 18, 2017 12:52:59 GMT
Does anyone know what will happen to this opportunity, as the deadline has passed for it to be fully funded?
I personally think this sounded like a great investment, even at the original larger fund raise amount. Think it was just taking too long to fill for the deal to go ahead?
|
|
hazellend
Member of DD Central
Posts: 2,363 
Likes: 2,180
|
Spv 81
Mar 18, 2017 16:57:31 GMT
Post by hazellend on Mar 18, 2017 16:57:31 GMT
Does anyone know what will happen to this opportunity, as the deadline has passed for it to be fully funded? I personally think this sounded like a great investment, even at the original larger fund raise amount. Think it was just taking too long to fill for the deal to go ahead? They have purchased all the units and split the investments into two blocks (4 flats and 3 flats) I've bought into this one,despite pretty much swearing off property moose due to poor returns as I think it looks really good. Apparently bootle is a very deprived area so if gentrified successfully these flats should do very well.
|
|
|
|
Spv 81
Mar 18, 2017 19:04:47 GMT
via mobile
Post by propertycalf on Mar 18, 2017 19:04:47 GMT
I live locally and Bootle is due for large investment, as well as not being too far from the new Everton football club ground and dock developments.
There is definitely room for capital gains, As well as the underwritten rent. Would have preferred monthly rent payments, but s******** l****** is a big successful company in Liverpool.
I've put half of my PM holdings value into this, so fingers crossed.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
|
Spv 81
Mar 18, 2017 19:11:09 GMT
via mobile
Post by ilmoro on Mar 18, 2017 19:11:09 GMT
I live locally and Bootle is due for large investment, as well as not being too far from the new Everton football club ground and dock developments. There is definitely room for capital gains, As well as the underwritten rent. Would have preferred monthly rent payments, but s******** l****** is a big successful company in Liverpool. Coincidence? I've put half of my PM holdings value into this, so fingers crossed. you need to redact the names from the post as it ids borrowers and related parties which is against forum rules
|
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
Spv 81
Mar 18, 2017 19:11:44 GMT
Post by pom on Mar 18, 2017 19:11:44 GMT
I've put half of my PM holdings value into this, so fingers crossed. That's brave...but any deals with guaranteed rent are I think generally better
|
|
|
|
Spv 81
Mar 18, 2017 19:32:18 GMT
via mobile
Post by propertycalf on Mar 18, 2017 19:32:18 GMT
I live locally and Bootle is due for large investment, as well as not being too far from the new Everton football club ground and dock developments. There is definitely room for capital gains, As well as the underwritten rent. Would have preferred monthly rent payments, but s******** l***** is a big successful company in Liverpool. I've put half of my PM holdings value into this, so fingers crossed. you need to redact the names from the post as it ids borrowers and related parties which is against forum rules Didn't see the harm in what I posted.. And I don't understand the "borrowers" comment.. But complied anyway
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
|
Post by ilmoro on Mar 18, 2017 21:38:41 GMT
you need to redact the names from the post as it ids borrowers and related parties which is against forum rules Didn't see the harm in what I posted.. And I don't understand the "borrowers" comment.. But complied anyway Sorry that come over a little terse. When you post you cant identify any individuals, companies, properties etc which might permit the identity of parties involved in deals on P2P sites as the information is not in the public domain. Its a rule of the forum. So both S******* L***** and the K******* need to be redacted/obscured by asterix. Borrower is perhaps a little misleading in this context but the company you refer to is a borrower on other platforms and the construction of SPV81 was financed by P2P. Edit: oops schoolboy error, didnt redact info when I quoted the original post, where's the naughty step? 
|
|
|
|
Spv 81
Mar 18, 2017 23:51:53 GMT
via mobile
Post by propertycalf on Mar 18, 2017 23:51:53 GMT
No harm done, thanks for the advice  |
|
ben
Posts: 2,020
Likes: 589
|
Spv 81
Aug 2, 2017 8:22:30 GMT
Post by ben on Aug 2, 2017 8:22:30 GMT
looks like back with a few more units.
|
|
|
|
Spv 81
Aug 2, 2017 9:37:08 GMT
Post by sayyestocress on Aug 2, 2017 9:37:08 GMT
looks like back with a few more units. Yeah, it's the 3 flats they removed from the first listing (7 flats) so they could actually get the first listing to fill. I like this development but I think they will struggle to fill this listing based on how the original listing went. It's a notably bigger amount to raise than a typical PM listing and I suspect there will be many folks like me that went big on the first 4 flats (much more than I would normally put into a PM listing) that don't feel the need to put money into this set of 3. We shall see.
|
|
jnm21
Posts: 441
Likes: 167
|
Post by jnm21 on Aug 2, 2017 21:04:16 GMT
Anyone think that the rent payment was very low - at a guaranteed 5% on £300k+ I would have expected the quarterly payment to be nearer to £4k.
|
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Aug 2, 2017 21:21:07 GMT
Mine worked out at about 1.8% so quite a bit lower then expected, sent a message so will see what the reason is behind it. I was going to get a bit more but unless there a good reason for why its not 5% then I won't bother.
|
|
jnm21
Posts: 441
Likes: 167
|
Post by jnm21 on Aug 2, 2017 22:10:37 GMT
Mine worked out at about 1.8% so quite a bit lower then expected, sent a message so will see what the reason is behind it. I was going to get a bit more but unless there a good reason for why its not 5% then I won't bother. I think we are on the same page - I was talking about the total payment to the whole SPV at just under £1.5k - I would have expected nearer £4k, so a similar ratio of under 40% of what we expected. I have emailed them too, but no reply as yet.
|
|
jnm21
Posts: 441
Likes: 167
|
Spv 81
Aug 3, 2017 11:26:55 GMT
Post by jnm21 on Aug 3, 2017 11:26:55 GMT
Still no reply, but a second payment has been made - I am really getting sick of these PM mistakes!
On the PMF76 loan note they paid out the wrong amount at first too - now 2 out of 2 wrong on the payments I can check - how am I meant to have any faith in any of their figures?
|
|
pom
Member of DD Central
Posts: 1,922
Likes: 1,244
|
Post by pom on Aug 3, 2017 11:44:57 GMT
Still no reply, but a second payment has been made - I am really getting sick of these PM mistakes! On the PMF76 loan note they paid out the wrong amount at first too - now 2 out of 2 wrong on the payments I can check - how am I meant to have any faith in any of their figures? You're best bet is to email them (Edit - oops sorry I see you did) It's because the automated system hasn't been used to do quarterly payments before and needed tweaking.
|
|
