"The lenders in 2008 loaned the development $10 million as part of a mezzanine loan, a type of secondary financing, according to the terms of public sale provided by TriLyn. The loan is in default with an outstanding balance of $18.3 million."
Yikes!! If your $10 million loan ends up with a balance of $18.3 million, your building might be in trouble.
I love writing children's poems, but I'm no good at the drawings. I tried to find a partner to create images with me, but they wanted more a jillion dollars. Come join me in creating something amazing! If you like the poems, send me a picture, and we'll fill in those blank spaces with color.
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1 comment:
"The lenders in 2008 loaned the development $10 million as part of a mezzanine loan, a type of secondary financing, according to the terms of public sale provided by TriLyn. The loan is in default with an outstanding balance of $18.3 million."
Yikes!! If your $10 million loan ends up with a balance of $18.3 million, your building might be in trouble.
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