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charhorse

08/23/08 2:35 PM

#49908 RE: charhorse #49907

He didn't really explain the type of loan he obtained did he?
Wonder why?
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jjch

08/23/08 3:32 PM

#49910 RE: charhorse #49907

"I have negotiated and secured a line of credit up to $700,000. This line of credit will be in the form of an 8% interest only note maturing in one year. Our ability to negotiate these kinds of term shows the strength of our financial situation."

doesn't sound like it's convertable to me.