Post by peerlessperil on May 31, 2017 22:15:56 GMT
Garages count as commercial.
Question is how easy it is to re-finance this stuff (which is the proposed exit). Given it's an off-market transaction with a social housing provider you might have thought there was time to explore the options, and if the performance improvement doesn't come through promptly then you are sitting on a very high LTV.....
The geographic concentration means you flood the local market if you tried to sell at auction so you can only liquidate as a job lot. Hmmmm.
Minor shareholder in Assetz Capital, Brickowner and now Welendus
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