Monday, April 30, 2012

Loan #21 Paid Off

HML #21 was paid off last week so those funds are now looking for a new home. My other three loans are paying on time.

Still haven't received the March financials for the Houston apartment complex. They seem to be coming later and later these days. I know the management company reduced staff to help with the cashflow and I'm wondering if this is a result of that.


Another Investor said...

My concern would be they are in default and either preparing a bankruptcy filing or negotiating with the lender. If that's the case, you won't hear from them until the deed is done. A phone call to the GP to get a head's up might be a good idea.

Shaun said...

That would be scary.. I sent off an email yesterday asking for the financials and they arrived today, along with preliminary numbers for April. The delay was due to an illness. Numbers look good.. more later.

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