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Post by Ton ⓉⓞⓃ on Jun 27, 2014 14:18:56 GMT
Swansea Wind Turbine - 3 year loan - 9.75% per annum - 69% loan to value IN EDIT why are all the loans ending at almost exactly the same time? Is this a test for chris' system? |
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Post by chris on Jun 27, 2014 14:44:57 GMT
Swansea Wind Turbine - 3 year loan - 9.75% per annum - 69% loan to value IN EDIT why are all the loans ending at almost exactly the same time? Is this a test for chris' system? I've obviously done something to annoy the admin team!
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unmadem
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Post by unmadem on Jun 27, 2014 15:31:24 GMT
From memory Cumbria: 10%, 61% LTV, Cover 1.44 Burnley: 10%, 60% LTV, Cover 1.32 Lothian: 9.5%, 50% LTV, Cover 1.54 Aberdeen: 9.75%, 68% LTV, Cover 1.45 This one: 9.5%, 69% LTV, Cover 1.30. From a cursory look and excluding issues around Scottish independence, isn't Lothian a better buy on AM? What am I missing? small correction. Swansea is 9.75 not 9.5.
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unmadem
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Post by unmadem on Jun 27, 2014 15:34:14 GMT
Swansea Wind Turbine - 3 year loan - 9.75% per annum - 69% loan to value IN EDIT why are all the loans ending at almost exactly the same time? Is this a test for chris' system? or maybe so they all get into June's figures ?
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oldgrumpy
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Post by oldgrumpy on Jun 27, 2014 16:00:01 GMT
Swansea Wind Turbine - 3 year loan - 9.75% per annum - 69% loan to value IN EDIT why are all the loans ending at almost exactly the same time? Is this a test for chris' system? or maybe so they all get into June's figures ? Probably the latter. AC know most of us won't bother to put bids in on larger loans and await lengthy drawdown times, when underwriting is probably already arranged, and aftermarket loan-parts will be plentiful. Two days and "get-on-with-it" is probably best. Good figures for the first six months of 2014 then.... 
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Post by Ton ⓉⓞⓃ on Jun 27, 2014 16:39:24 GMT
Perhaps this was in previous wind turbine deals but I notice on this one on pg5 it talks about K******'s strategy saying that it will refinance before the end of the term. I imagine several or maybe all at the same time. Will we get some kind of warning that this is about to happen or will loads of cash suddenly appear in my a/c?
On checking the others I see:
Kin**** Swansea refinance before term pg5
Muir*** Aberdeen refinance at term pg6
Muir*** North Lothain refinance at term pg5
Kin**** Burnley refinance at term pg5
Kin**** Cumbria refinance at term pg5
Kin**** & Muir*** being the beneficial owners. (I've used the wrong numbers of *'s...)
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Post by rudry2677 on Jun 27, 2014 16:58:36 GMT
I am somewhat taken aback by the 1st legal charge on 0.25 acres of land with an APPROXIMATE value of £800,000.
A wind farm on 0.25 acres? Surely it should read 25 acres?
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Post by Ton ⓉⓞⓃ on Jun 27, 2014 17:02:33 GMT
I am somewhat taken aback by the 1st legal charge on 0.25 acres of land with an APPROXIMATE value of £800,000. A wind farm on 0.25 acres? Surely it should read 25 acres? I'm never quite sure if it's just the concrete block it stands on is worth 800k. I can't believe they need 25acres...
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Post by lynnanthony on Jun 27, 2014 17:15:04 GMT
Swansea Wind Turbine - 3 year loan - 9.75% per annum - 69% loan to value IN EDIT why are all the loans ending at almost exactly the same time? Is this a test for chris' system? They were showing the same time but now they have been altered. Something else now looks odd - future tranches of Mid**** T*** Fin*** Pro*** are showing, with draw down dates up to November. Should they be visible?
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Post by Ton ⓉⓞⓃ on Jun 27, 2014 17:26:10 GMT
Swansea Wind Turbine - 3 year loan - 9.75% per annum - 69% loan to value IN EDIT why are all the loans ending at almost exactly the same time? Is this a test for chris' system? They were showing the same time but now they have been altered. Something else now looks odd - future tranches of Mid**** T*** Fin*** Pro*** are showing, with draw down dates up to November. Should they be visible? I'm thinking they want to show the underwriting is all in place as I see No.2 is 100% u/w... IN EDIT As this was the main reason they decided to refinance and come to AC i.e. the certainty of the money, it's in the Q&A for Loan 104. And mrclondon said the same thing.
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walktall7
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Post by walktall7 on Jun 27, 2014 18:46:54 GMT
I am somewhat taken aback by the 1st legal charge on 0.25 acres of land with an APPROXIMATE value of £800,000. A wind farm on 0.25 acres? Surely it should read 25 acres? The Cumbria site is only 0.5acre.
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pikestaff
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Post by pikestaff on Jun 27, 2014 19:25:45 GMT
None of these are wind farms. They are single turbines. You don't need a lot of land for one turbine.
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mikeb
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Post by mikeb on Jun 28, 2014 20:26:13 GMT
None of these are wind farms. They are single turbines. You don't need a lot of land for one turbine. As long as it stays upright. If it falls over, you need the extra bit of land for it to land on 
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j
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Post by j on Jun 28, 2014 20:56:00 GMT
Is it really worth investing in another wind turbine owned by the same co as a couple of the other loans on AC since it offers no diversification as such. I appreciate they're all separate SPVs but still, if there is to be a problem with the co that's running the various projects, they might all be affected. Opinions appreciated.
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Post by Ton ⓉⓞⓃ on Jul 15, 2014 13:20:41 GMT
Is it really worth investing in another wind turbine owned by the same co as a couple of the other loans on AC since it offers no diversification as such. I appreciate they're all separate SPVs but still, if there is to be a problem with the co that's running the various projects, they might all be affected. Opinions appreciated. The above, I think, this is an area for Richard Martin to put in his knowledge. If the parent Co. fell over how would it's SPV's cope, could it buy itself or would it have to be sold or run as a new co.? Also, we're just had the a minor default with the interest payment on a Scots W.T. being a day or so late (someone was off and no one else knew how to do it, AIUI). How many people actually work directly for a W.T. holding company like this or another one the same size? This is all in generally not specific to any one co.
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