The Purchase Agreement provides RAIT with a binding bid of approximately $174.4 million, subject to adjustment, along with the assumption of certain liabilities, which is subject to higher or better offers in the bidding process described below. The Purchase Agreement contains customary closing conditions to the obligations of the parties
174.400,000 plus cash and other assets.
7.125% SENIOR notes $66,529,722
7.625% SENIOR notes $56,865,250
$123,394,972
THE BANK OF NEW YORK MELLON JUNIOR $25,201,595
WELLS FARGO BANK, NATIONAL JUNIOR U $18,670,743
$43,872,338
Total $167,265,000
The only breaks you get in life...are those you give yourself!!!