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Phaedrus77

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Phaedrus77

Re: Jh5142 post# 724

Friday, 03/26/2021 12:59:47 AM

Friday, March 26, 2021 12:59:47 AM

Post# of 1865
Based on this bond offering, Centurion’s balance with UDF was $836,900,000 at 3/31/20.

https://www.fmsbonds.com/wp-content/uploads/2020/09/TXCelina03a-POS-2.pdf

The previous balances were:

$681 at 12/17
$726 at 6/18
$733 at 12/18

Assuming a 12% rate, it doesn’t seem like Centurion repaid much of anything in 2019. Probably not a great sign. If Centurion can’t repay the loans in this housing market, you’ve gotta wonder if they’ll ever be able to repay them.
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