Project update

Update from the originator:

Unfortunately, the originator hasn't received the October 24th payment yet. A reminder has been sent. This project owner is in the process of refinancing his loan and is looking to redeem the loan in December or January. If the originator hasn't received the interest by then, any overdue interests will also be collected with the redemption.

Update from the originator:

The borrower is dealing with a cashflow issue due to one of his other properties not being sold in time as a result of the backlog caused by the Land Registry. Currently 1 month behind the payment schedule.

Update from the originator: Due to the delays in the English land register, the borrower has less cash flow than he had previously expected. As a result, every month just a little less than what he must pay in interest for this loan. As a result, he can only pay the full interest in the following month. As a result, the interest payments will be one month behind until the end of the term. However, the borrower is currently in the process of selling a property. If he sells these before the end of the term, he will be able to make up for the arrears and the interest payments will be added again.

Update from the originator: This delay is due to a malfunction with the payout function. This glitch occurred midway through the payout process. This will be paid out as soon as possible.