averageguy
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Post by averageguy on May 24, 2020 13:53:59 GMT
Oh...plus update on site....wonder how they will raise funds for next month. the positive is the the borrower hasn’t walked away from its obligations
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hazellend
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Post by hazellend on May 24, 2020 14:37:18 GMT
Oh...plus update on site....wonder how they will raise funds for next month. the positive is the the borrower hasn’t walked away from its obligations Presumably because the land is worth a lot of money to them. It’s a good sign
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micky
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Post by micky on Jun 11, 2020 10:24:45 GMT
Taxman in no rush to pay up then  |
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averageguy
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Post by averageguy on Jun 11, 2020 10:26:15 GMT
Taxman in no rush to pay up then Emailed MT yesterday re this and how the borrowers expect to meet future commitments until refinance ....await a reply on the site
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mw
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Post by mw on Jun 24, 2020 19:02:27 GMT
This one's starting to slack a bit... Im not having much luck on this platform 😢
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mw
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Post by mw on Jun 24, 2020 19:04:17 GMT
This one's starting to slack a bit... Im not having much luck on this platform 😢 Blimey I spoke too soon!
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hazellend
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Post by hazellend on Jun 24, 2020 19:27:18 GMT
This one's starting to slack a bit... Im not having much luck on this platform 😢 Blimey I spoke too soon! Very positive
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joe91
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Post by joe91 on Jun 24, 2020 23:25:23 GMT
Hands up anyone who rates the chances of the plans MT outline actually happening at anything approaching 50%? As Tony9239 pointed out, the latest terms for the required extension are worse than the last terms MT 'negotiated' to allow extra time. The actual reality is, and I have to acknowledge that unfortunately there is no appetite amongst other lenders to have MT take firm decisive action, that there is nothing lenders can do except accepting MT's continual policy of agreeing to 'kick the can' down ⬇ the road. Yes of course there are now economic reasons for the borrower having trouble re-financing, but what were their reasons for not doing so pre-world wide pandemic? ' no appetite amongst other lenders to have MT take firm decisive action'
I have the appetite, because I feel there is enough money to play with. It should not be the lenders with their backs to the wall, it should be the borrower. It should be the lenders calling the tune, not the borrower. Moneything should investigate, if necessary behind the scenes, to see if there is any appetite for selling on & at what price level, before foreclosing. I accept this will be more difficult in the current climate, but then I never did want to delay any action some time back. As I have said before I am a small lender, but where are the large lenders with any backbone. Certainly not on this board. It's a wonder no one has started a vote here, but perhaps have been put off by the meekness on this thread. You can still have backbone as a small lender can't you? Maybe not in your case. Why don't you start a vote instead of having a go at everyone else? Too meek are you?
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criston
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Post by criston on Jun 25, 2020 7:13:47 GMT
Hope to be proved wrong, but still nothing firm on capital repayment.
The land should have been auctioned off a long time ago & the threat should be made to ensure progress is made, if the current position is not to be delayed again.
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criston
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Post by criston on Jun 25, 2020 8:23:31 GMT
' no appetite amongst other lenders to have MT take firm decisive action'
I have the appetite, because I feel there is enough money to play with. It should not be the lenders with their backs to the wall, it should be the borrower. It should be the lenders calling the tune, not the borrower. Moneything should investigate, if necessary behind the scenes, to see if there is any appetite for selling on & at what price level, before foreclosing. I accept this will be more difficult in the current climate, but then I never did want to delay any action some time back. As I have said before I am a small lender, but where are the large lenders with any backbone. Certainly not on this board. It's a wonder no one has started a vote here, but perhaps have been put off by the meekness on this thread. You can still have backbone as a small lender can't you? Maybe not in your case. Why don't you start a vote instead of having a go at everyone else? Too meek are you? No good getting rattled with me, it's the borrower that owes you money.
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averageguy
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Post by averageguy on Jun 25, 2020 11:02:24 GMT
Hope to be proved wrong, but still nothing firm on capital repayment. The land should have been auctioned off a long time ago & the threat should be made to ensure progress is made, if the current position is not to be delayed again. The fact that interest payments are being made (albeit not on time) gives me more hope than trying the auction process....we shall see in time which proves best 
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averageguy
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Post by averageguy on Jun 25, 2020 11:03:51 GMT
This one's starting to slack a bit... Im not having much luck on this platform 😢 I’ve got a couple of other loans I’d like you to comment on
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criston
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Post by criston on Jun 25, 2020 11:42:13 GMT
Hope to be proved wrong, but still nothing firm on capital repayment. The land should have been auctioned off a long time ago & the threat should be made to ensure progress is made, if the current position is not to be delayed again. The fact that interest payments are being made (albeit not on time) gives me more hope than trying the auction process....we shall see in time which proves best You could be right. Lets hope is does not end up like what I have seen suggested with FS loans, where the borrower gets a chum to make an offer of say £1.75m & offers that as full & final settlement. This practice is not just restricted to FS either.
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averageguy
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Post by averageguy on Jun 25, 2020 14:09:53 GMT
The fact that interest payments are being made (albeit not on time) gives me more hope than trying the auction process....we shall see in time which proves best You could be right. Lets hope is does not end up like what I have seen suggested with FS loans, where the borrower gets a chum to make an offer of say £1.75m & offers that as full & final settlement. This practice is not just restricted to FS either. Aye ..I’m hoping that won’t happen on the Holiday Park one
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mw
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Post by mw on Jun 25, 2020 14:36:15 GMT
You could be right. Lets hope is does not end up like what I have seen suggested with FS loans, where the borrower gets a chum to make an offer of say £1.75m & offers that as full & final settlement. This practice is not just restricted to FS either. Aye ..I’m hoping that won’t happen on the Holiday Park one Yes I'm in that one as well..
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