elliotn
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Post by elliotn on Nov 2, 2017 8:12:29 GMT
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blueninja
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Post by blueninja on Nov 15, 2017 22:47:16 GMT
Collateral Rep Please can the multi loans for Bolton have the duration unified/corrected/whatever as currently I have 62, 64, 73, 115 and 126 days? Given the loan size, looking forward to your QS reports on progress. lol - they read your mind (or was it the other way around?) Collateral Rep - The Darwen loans have the same problem, Can you sort their loan duration's at the same time?
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Post by boudicca on Dec 20, 2017 17:37:00 GMT
Was looking to invest in this loan, but noticed that the latest tranches are not filling quickly at all. I'm concerned about what will happen to the development if these or future tranches do not fill, will the development be suspended ?
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bababill
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Post by bababill on Dec 20, 2017 23:29:04 GMT
Yes my largest P2P loan by some margin also.
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Post by Collateral Rep on Dec 21, 2017 12:21:33 GMT
Afternoon,
All the Bolton Student Development loans and initial Bridge Loan will be brought into line early January with all relevant interest paid to extend the loan until the end of February 2018.
The development is scheduled to be completed by the end of February 2018, with a sale agreed and legals expected to be completed by mid March 2018.
Many thanks,
Gordon
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jj
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Jolly Jammy
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Post by jj on Dec 21, 2017 13:47:25 GMT
Afternoon, All the Bolton Student Development loans and initial Bridge Loan will be brought into line early January with all relevant interest paid to extend the loan until the end of February 2018. The development is scheduled to be completed by the end of February 2018, with a sale agreed and legals expected to be completed by mid March 2018. Many thanks, Gordon Thanks COL you're the (third)best!
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Post by elephantrosie on Dec 22, 2017 6:39:50 GMT
Collateral Rep / Gordon, apologies if I am mis-reading this, but does this effectively mean that the loan(s) will slip (hopefully just briefly) into 'Interest Accruing' territory during March whilst the sale completes? did col pay accured interest on defaulted loans in the past?
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Post by Collateral Rep on Dec 22, 2017 7:38:48 GMT
Morning,
These loans won’t go into default as the borrower is paying the interest due on each loan to extend until completion. So investors will continue to receive interest as usual.
Many thanks,
Gordon
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Post by elephantrosie on Dec 22, 2017 7:47:01 GMT
Morning, These loans won’t go into default as the borrower is paying the interest due on each loan to extend until completion. So investors will continue to receive interest as usual. Many thanks, Gordon does that mean that the end date of loan is uncertain until the development is completed?
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elliotn
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Post by elliotn on Dec 22, 2017 7:55:40 GMT
Morning, These loans won’t go into default as the borrower is paying the interest due on each loan to extend until completion. So investors will continue to receive interest as usual. Many thanks, Gordon does that mean that the end date of loan is uncertain until the development is completed? Reasonable supposition, seems they are extending with Col rather than refinancing atm and date of practical completion is typically indicative rather than definitive given the type of run of the mill delays that can happen at any project, also sales will need to be finalised and Coll/borrower have given their latest expected timelienes.
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elliotn
Member of DD Central
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Post by elliotn on Dec 22, 2017 8:07:12 GMT
Morning, These loans won’t go into default as the borrower is paying the interest due on each loan to extend until completion. So investors will continue to receive interest as usual. Many thanks, Gordon Hi Gordon, what is latest forecast of outstanding drawdown requirements for practical completion, thanks.
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Post by Collateral Rep on Dec 22, 2017 10:35:49 GMT
Hi elliotn, Our QS is putting a report together which will capture all works done to date and future requirements. We should have this in January and we will update then. Many thanks, Gordon
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Post by Collateral Rep on Jan 23, 2018 14:38:15 GMT
Hi @magenta14,
We should have the QS report in the next couple of days which we will add to the loan details for investors to see. The project is progressing well and is on schedule.
There will be further development funding required to finish the project which will be offered to our investors.
Many thanks,
Gordon
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Post by d_saver on Jan 24, 2018 10:00:21 GMT
Updated IMS reports now seem to be listed on the latest tranche...
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Post by d_saver on Jan 24, 2018 10:11:56 GMT
Updated IMS reports now seem to be listed on the latest tranche... I do hope other platforms have 'spy accounts' with COL. They might learn a thing or two.... Agreed. I think some of the others clearly underestimate the additional investor confidence that can be inspired by a few words from an _independent_ person, simply saying 'all is fine'...
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