If centaurion owes UDF IV close to entire $350M loan portfolio and there is a cross collateral agreement - that is good news. cross collateral agreement means you can not selectively pay back some loans and default on others. 2021 - 2022 should have generated a ton of repayments to IV, so the balance sheet by now should have much more cash in it. I am guessing that accrued interest, for the most part, was discounted from the balances on 12/31/20. Anyway, what do I know.
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