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Enterprising Investor

06/17/10 5:52 PM

#1713 RE: drsandcrs #1711

Whoops!

This generates a question in my mind when looking at the May MOR for 845 S. Flower. Cash is $25.4 million, but total assets are a deficit - $48.6 million - due to the $74 million Due to Affiliates. The Combined Balance Sheet shows $74.6 million in Due to Affiliates. Is 845 S. Flower in that number?

PlanMaestro

06/17/10 7:42 PM

#1717 RE: drsandcrs #1711

My thoughts exactly on 717, the big question is how much do they have in recourse debt before doing downside protection analysis