Trinity Place Holdings Inc (TPHS): The Secured Line of Credit with Webster...

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Enterprising Investor

Re: Enterprising Investor post# 205

Saturday, 05/13/2023 3:25:47 PM

Saturday, May 13, 2023 3:25:47 PM

The Secured Line of Credit with Webster Bank (formerly known as Sterling National Bank) was bearing interest at the prime rate or 7.5%.

A cut to 2.5% will help all stakeholders here.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, Founder and CEO of Harwood International

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