NAAAH. Incorrect. They are selling a large amount of Star Trek Urns, other casket lines, and Frank Colapinto involvement are all being considered right now. I been in the hard-money residential-commercial lending industry for over ttwelve years, and I can immediately tell you a prospective lender would not loan based off one income source. This type of loan will be very complex in nature because there are several area's in need of consideration. The marketability of all their products, the cost of production, etc...etc...
I'm going out on limb right now, but figure if the loan was 5 million bucks, if the LOC is maxed out, (wich the lenders are assumming will happen upon exectuion), the minimum payment per month will likely be well above 25,000. With this being said, I believe Eternal would have had to tell the lender what the anticipated revenue will be from Mathews, Frank, Star Terk, and the others before the LOC would be funded.
If what I've stated is true, then you can count on earnings well in excess of 500k per year. Also keep in mind that a lender is only going to loan at a specific debt-income ratio. If it required that their D/R be below 45% (which is normal), then simple math tells you the lender is anticipating Eternal Image to earn at LEAST twice as much as the minimum LOC payment.
Sound right to ya'll?
AI
