06-05-2018, 02:26 PM
MoneyThing Pipeline Update6th May 2018
116) £1,625,000 initial drawdown (land loan), on a Residential Development in Scotland with full planning for 68 houses (c. £2.3m Development Finance requirement). Up to 70% LTV. 24 month term. 12% to lenders.
Update 29/09/2017 ? Now early to mid November completion.
Update 04/11/2017 ? Valuation & legals progressing. Delay due to missing title documents.
Update 08/12/2017 ?Delayed due to client choosing to seek an amendment to planning. Expected Q1 2018.
Update 06/05/2018 ? No update.
121) £161,500 property bridging loan against a commercial property in central Glasgow. 70% LTV. 6 month term. 12% to lenders.
Update 02/12/2017 ? No update.
Update 15/12/2017 ? Aiming for pre-Christmas launch.
Update 05/01/2018 ? Valuation come in lower than anticipated. As such, loan is now £168,000. Launching next week.
Update 19/01/2018 ? Legal work almost complete. Likely launch late next week or early the week after.
Update 06/05/2018 ? No update.
130) £1,050,000 to purchase a centrally located residential unit in central Liverpool. Amended planning is being submitted by the clients after which the site will be developed. Off plan sales will fund the renovation works. Initial LTV of 68%. 15 month term. 12% to lenders.
Update 23/02/2018 ? No update.
Update 06/05/2018 ? Going into legals next week.
133) £276,250 to purchase a site with planning for 19 houses in Girvan, Scotland. This is a bridge to allow the client to execute the option agreement with the exit coming through development finance for the project. 50% LTV. 9 month term. 12% to lenders.
Update 07/04/2018 ? Offer Letter signed. Progressing into legals.
Update 13/04/2018 ? Valuation instructed.
Update 06/05/2018 ? No update.
134) £1,000,000 restructured facility for the acquisition of a care home in Staffordshire. 20% LTV (33.3% LTPP). 12 month term. 10% to 12% to lenders
Update 06/05/2018 ? No update.
135) NEW £315,000 to exchange on a property in Redditch which is to be converted into residential apartments. Borrower will have a 15 month completion timescale and this bridge will allow the purchasers time to sell units/building off plan. 10% LTV. 12 month term. 12% to lenders.
116) £1,625,000 initial drawdown (land loan), on a Residential Development in Scotland with full planning for 68 houses (c. £2.3m Development Finance requirement). Up to 70% LTV. 24 month term. 12% to lenders.
Update 29/09/2017 ? Now early to mid November completion.
Update 04/11/2017 ? Valuation & legals progressing. Delay due to missing title documents.
Update 08/12/2017 ?Delayed due to client choosing to seek an amendment to planning. Expected Q1 2018.
Update 06/05/2018 ? No update.
121) £161,500 property bridging loan against a commercial property in central Glasgow. 70% LTV. 6 month term. 12% to lenders.
Update 02/12/2017 ? No update.
Update 15/12/2017 ? Aiming for pre-Christmas launch.
Update 05/01/2018 ? Valuation come in lower than anticipated. As such, loan is now £168,000. Launching next week.
Update 19/01/2018 ? Legal work almost complete. Likely launch late next week or early the week after.
Update 06/05/2018 ? No update.
130) £1,050,000 to purchase a centrally located residential unit in central Liverpool. Amended planning is being submitted by the clients after which the site will be developed. Off plan sales will fund the renovation works. Initial LTV of 68%. 15 month term. 12% to lenders.
Update 23/02/2018 ? No update.
Update 06/05/2018 ? Going into legals next week.
133) £276,250 to purchase a site with planning for 19 houses in Girvan, Scotland. This is a bridge to allow the client to execute the option agreement with the exit coming through development finance for the project. 50% LTV. 9 month term. 12% to lenders.
Update 07/04/2018 ? Offer Letter signed. Progressing into legals.
Update 13/04/2018 ? Valuation instructed.
Update 06/05/2018 ? No update.
134) £1,000,000 restructured facility for the acquisition of a care home in Staffordshire. 20% LTV (33.3% LTPP). 12 month term. 10% to 12% to lenders
Update 06/05/2018 ? No update.
135) NEW £315,000 to exchange on a property in Redditch which is to be converted into residential apartments. Borrower will have a 15 month completion timescale and this bridge will allow the purchasers time to sell units/building off plan. 10% LTV. 12 month term. 12% to lenders.