Has this loan drawn down yet? Where does it state whether it has drawn down or not?
No. It says in the loan particulars (with date) and the days remaining is highlighted blue on the available loans list.
Minor shareholder in AC, Brickowner, Welendus, W.alpha, Propifi, Orca, Ccube, Ass.XChange ABL
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This could be effected by a number of factors, generally it will be a case of crossing the T's and dotting the I's with regard to legal work and DD on the part of the platform, loans don't always go ahead, despite being fully funded
Last Edit: Sept 13, 2017 11:01:19 GMT by fp: Misinterpreted
It's great to see the QS report added to the latest development loan tranche. I'm puzzled though why the progress photos "as at 9th November" are the ones provided in the photo update document created on 2 August, showing tall weeds and trees in full leaf.
The QS report is said to be based on a site visit on 9th November 2017. Surely a QS always takes photos as evidence? Perhaps there is a mistake here somewhere?
Edit: there are actually newer photos provided on DL00020 - looks like the wrong photos got put in the report?
An unchanged cleared site, on the corner of S******* Ave & Ga***** La, with some of the surrounding hoardings vandalised or storm damaged. A light industrial unit is on the other side of S******* Ave, and a much larger residential development site is being built out further along S******* Ave. Feels to be a plausible dev site, but only at the right price.
From S******* Ave
Looking along Ga***** La edge
Last Edit: Sept 11, 2018 17:21:35 GMT by mrclondon: typos / grammar
Disclosure: I'm a shareholder in Assetz Capital Limited