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exwannabe

06/13/17 5:03 PM

#122009 RE: Sojourner55 #122006

They could theoretically tap into the equity in Sawston if it indeed have appreciated since they bought it. Just a thought.


IMO, that is one of the few possible solutions that will not cause serious pain.

The really good news is that (I think) the mortgage is in GBP. The bad news is that the real-estate is in the UK, so these mostly cancel.

One very large unknown is the status of that 'toxic' waste. If they can get an agreement that the wall is sufficient, several million free up. Plus, the risk removal makes it more marketable.

I still think the most likely way to monetize it is a long term (partially pre-paid) lease to Cognate.