Replies to post #51018 on Phoenix Associates Land Syndicate (fka PBLSQ)

[sawdin]

I don't disagree with your comments regarding bank financing. The post you were replying to only noted the possibility of PBLS using their own bank to finance deals (and thus DD on the bank's part might not be as stringent as it would be if a third party bank was involved). Also, IMHO, the DD that a bank does on a huge/complex deal is much different than the DD they would do on a loan for some lawnmowers and trucks. Finally, the DD a bank would perform regarding a pinky with a history of ..., well, let's just say a history, is probably much different than what they would do for a publicly traded company with a good 'track record' that trades on a regulated exchange. Also, as you well know, the more risky a loan is, the higher the interest rate that is charged. JMHO