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Post# of 705454
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exwannabe

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exwannabe

Re: LessIsMore post# 575783

Sunday, 03/12/2023 9:44:29 AM

Sunday, March 12, 2023 9:44:29 AM

Post# of 705454

The only correction that I see is that the amount received = $9,904,500. If there's wordage in the loan that says $10M received please let me know.


The first Fife loan per the 8K was $5.505M 10% OID

The details are spec'ed out in the contract as:

$5M loan
$500K OID
$5K fees

I make no claim to know what is normal terminology in this space, but the numbers look consistent and rational with this loan being $10M, a $1M OID and $5K fees.
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