We wanted to provide an update for our pool in Tinlake. Due to the sudden redemption of liquidity during the recent market crash, some of our clients that have planned facilities have been affected and their programming as well. As a result some assets (266 & 275) are delayed in repayments as we work with them to find alternatives to continue with the normal flow of their activities. It is important to mention that these assets are not at risk of default they are just delayed.
The expectation is for both assets to be fully repaid by 08/26
We want to thank you for your continued support, specially during bear markets.
The Consolfreight Team