dailin--you have the God-given (oh sorry, strike that since I live within the jurisdiction of the Ninth Circuit)right to disagree with me but you would be wrong:
"a $200,000 finance fee that increased the principal amount from $1,200,000 to $1,400,000"
my math tells me 200,000/1,200,000 is 16.66%; since the loan extension is for six months, you need to double that number to come up with an annual percentage for the "finance fee" which according to my calculations comes to 33.33%
edig was then required to pay $300k up front which i presume is for the $200k finance fee and the first monthly principal reduction of $100k
tell me where I am wrong and how you arrived at 19%-- note my calculation DOES NOT INCLUDE the additional interest amount at 4% which of course would increase the cost of the money even more--but who's counting.....