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Re: TenKay post# 69390

Saturday, 12/23/2023 7:57:14 PM

Saturday, December 23, 2023 7:57:14 PM

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“They are borrowing 32m but the lender is acting like they are borrowing 50m. So they have to pay 10% interest on 50m even though they only receive 32m. So around 1.25m in interest in three months If they default it goes up to 18%.”
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