Project update

Update from the originator: 

The originator has reached out to the parties to ask about the status of the transaction. The Project Owner has notified us that the solicitors of both parties have been in contact. They will inform the originator as soon as possible about a possible transaction date for the transaction.

Update from the originator: 

The project developer applied for refinancing, the originator is awaiting the for the documents so that they can approve the repayment

Update from the originator:

There has been a buyout of one of the directors of WW Piam UK Limited. This loan will be repaid with a new application for the development of the same property. The application will be received shortly.

The new partner will send us an update explaining the situation and when the outstanding invoices will be repaid.

The interest payment for period 23 was received and will be paid very soon.

Update from the originator:

You should have received interest payment period 25 on 05/12 and interest payment period 26 on 05/01. Unfortunately, the originator has not yet received payment from the project developer, so the originator has not yet been able to make the interest payments for periods 25 and period 26. The originator's debt management is in contact with the project developer, and the originator will send another update as soon as possible.

Update from the originator:

The originator still did not receive payment from this borrower. The originator is trying very hard to get in contact with the borrower and will update you as soon as they can.

Update from the originator:

Unfortunately, the interest payment of September 5th has not been added to your balance because the originator has not yet received this payment from the fundraiser. A reminder has been sent. Once the originator receives the amount, it will be added to your balance.

Update from the originator: Due to an IT issue, the originator is not able to process the pending interest payment. Rest assured, the originator has received the interest payments from the various project developers on time. The problem is in distributing the interest payments to the investors and correctly reflecting the renewals in your portfolio. The originator's development team is currently doing everything it can to resolve this issue as soon as possible. As soon as the problem is solved, you will of course receive all interest with a retroactive effect.

Update from the originator: The decision has been taken, which means the originator will extend the loan to a total of 27 months. The new repayment date of this loan will now be the 9th of February, 2023. Naturally, the conditions of the loan will not change.

Update from the originator:

Due to COVID-19, the project has been delayed and the borrower, therefore, requests that the term be extended by (a maximum of) 9 months to a total of 27 months. If the result is positive, the new repayment date will be the 9th of February 2023. Naturally, the monthly interest installments continue as usual. In the event of early repayment before the maturity date, the remaining interest & costs due up to a maximum of 3 installments will be charged to the borrower. In that case, of course, the extra interest benefits the investor.

A new update regarding this situation will be posted soon.