Re: NTR - Lets hope not./Rabbit

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In Response To: Re: NTR - Lets hope not. ()

Hi Rabbit,
I remember that episode. I think 5 years is of the right order. I also think the banks made out quite well in the end.

The loans were Collateralized by the properties and the banks essentially became investing partners in the final outcome. I think the underlying properties were worth far more than the 60/65 mil. loan.

It would be interesting/fun to discover the details of this arrangement and the actual final outcome !!

Lee

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Re: NTR - Lets hope not./Rabbit

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