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growacet

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growacet

Re: NewJerichoMan post# 842

Friday, 07/15/2016 1:21:54 PM

Friday, July 15, 2016 1:21:54 PM

Post# of 11429
You can buy down a rate....

Shaving 10ths of a % off....More important imo is whether or not they put up any collateral. If they did it would be a "secure" loan, and therefore much lower risk.....in that case if say $10 million or more in assets were used to secure the loan, then if the loan is defaulted upon then the bank can seize the assets.

Did they file the terms of the loan somewhere? I've looked and haven't found anything, but if you have a link that would be great.

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.

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