Replies to post #12976 on Nymet Holdings Inc. (fka NYMH)

[juanly]

bikerider,

I stand by my statement that it's easy. Even in today's tight credit market.

You have to look at the percentage of risk, not the market cap (which will be much higher than $4 million once the plant is built, by the way).

If a bank knows that it's risk is only going to be 50% of the value of a piece of real estate, then they're going to make the loan. Even if the value of real estate goes down, the bank is still looking at there being enough equity in there to cover the risk. In fact, in a tight credit market that makes a deal like that even more palatable to a lender.

And don't forget about possible tax credits! That makes any potential deal even more rosy. Cheers!