jlend
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Post by jlend on Mar 15, 2018 8:31:12 GMT
Hi SophieThingIn the next monthly update of this loan. Would it be possible for you to add some details around how many exchanges are required in order to pay back the loan. Many thanks
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johni
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Post by johni on Mar 15, 2018 20:15:48 GMT
Apparently excavator on site today carrying out some work!
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jlend
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Post by jlend on Mar 15, 2018 20:26:54 GMT
Apparently excavator on site today carrying out some work! Ties in with the Feb update The groundwork’s will start in the next two weeks and continue through March with the remaining below ground demolition and pile testing set to commence and branded hoarding erection in line with the construction programme. They can't do much more than this until they get planning permission for their new design. They are due to hear at the end of April.
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Post by SophieThing on Mar 16, 2018 7:17:45 GMT
Hi SophieThing In the next monthly update of this loan. Would it be possible for you to add some details around how many exchanges are required in order to pay back the loan. Many thanks Hi jlend, Yes we can include that in the update. Kind regards Sophie
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jlend
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Post by jlend on Mar 16, 2018 7:43:31 GMT
Hi SophieThing In the next monthly update of this loan. Would it be possible for you to add some details around how many exchanges are required in order to pay back the loan. Many thanks Hi jlend , Yes we can include that in the update. Kind regards Sophie Thank you
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mary
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Post by mary on Mar 27, 2018 12:44:39 GMT
Now at 66 units exchanged and further 25 reservations. Continuing progress.
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r00lish67
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Post by r00lish67 on Mar 27, 2018 14:26:32 GMT
Now at 66 units exchanged and further 25 reservations. Continuing progress. But in sharp contrast to the 100 exchanges that was initially expected to be achieved by late September last year..
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elliotn
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Post by elliotn on Mar 28, 2018 2:22:18 GMT
Now at 66 units exchanged and further 25 reservations. Continuing progress. But in sharp contrast to the 100 exchanges that was initially expected to be achieved by late September last year.. Add in 25 reservation and we're nearly there!
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elliotn
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Post by elliotn on Mar 28, 2018 2:27:26 GMT
Hi SophieThingIn the next monthly update of this loan. Would it be possible for you to add some details around how many exchanges are required in order to pay back the loan. Many thanks I don't think we got that but can infer 91 exch/res seems to be enough to continue refi progress with a short extension. May be the magic number is around 100 exchanged, per original expectations of an early refi, so around a 1/3 of total units. But was looking for bit more confirmation of that.
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m2btj
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Post by m2btj on Apr 1, 2018 14:46:25 GMT
Isn't this the company that was criticised in the Liverpool Echo for never completing a development?
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hazellend
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Post by hazellend on Apr 1, 2018 14:49:45 GMT
Isn't this the company that was criticised in the Liverpool Echo for never completing a development? No
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jlend
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Post by jlend on Apr 7, 2018 14:20:40 GMT
Hi SophieThing In the next monthly update of this loan. Would it be possible for you to add some details around how many exchanges are required in order to pay back the loan. Many thanks I don't think we got that but can infer 91 exch/res seems to be enough to continue refi progress with a short extension. May be the magic number is around 100 exchanged, per original expectations of an early refi, so around a 1/3 of total units. But was looking for bit more confirmation of that. I assume that the loan will not be paid back from the exchanges, but rather lenders will have to wait until the loan is refinanced elsewhere now. It would be good to see at least a partial repayment of the loan from any exchanges and reservations at the current expiry date of the loan rather than simply extended the whole loan even for a short period.
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hazellend
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Post by hazellend on Apr 7, 2018 14:44:19 GMT
I don't think we got that but can infer 91 exch/res seems to be enough to continue refi progress with a short extension. May be the magic number is around 100 exchanged, per original expectations of an early refi, so around a 1/3 of total units. But was looking for bit more confirmation of that. I assume that the loan will not be paid back from the exchanges, but rather lenders will have to wait until the loan is refinanced elsewhere now. It would be good to see at least a partial repayment of the loan from any exchanges and reservations at the current expiry date of the loan rather than simply extended the whole loan even for a short period. Wouldn’t the exchanges be ring fenced in the buyers client account? Seems very risky for the purchaser otherwise
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jlend
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Post by jlend on Apr 7, 2018 15:53:38 GMT
I assume that the loan will not be paid back from the exchanges, but rather lenders will have to wait until the loan is refinanced elsewhere now. It would be good to see at least a partial repayment of the loan from any exchanges and reservations at the current expiry date of the loan rather than simply extended the whole loan even for a short period. Wouldn’t the exchanges be ring fenced in the buyers client account? Seems very risky for the purchaser otherwise A deposit protection insurance policy for the buyers was put in place by the developer. Some of the deposit money may well have been spent on the development to date. It is not totally clear from what ì have read. This is not uncommon I understand, but others will have more experience on this than me. The original loan details said the loan would be repaid from the pre sales of the units, but didn't explicitly say how many pre sales were required. There was no mention in the original loan details of the need for any re financing to repay the MT loan.
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star dust
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Post by star dust on Apr 20, 2018 16:22:28 GMT
Update on MT, three month extension being mooted. Decision on revised planning application delayed because of local elections.
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