The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31217
Likes: 52848


I think they can get a decent idea of the valuation on some of his


properties without having to “take his word for it”. It’s probably more that they would be junior to any existing lien holders and the value of the property in a distressed sale to satisfy a new lien is harder to determine. But everything has a price / return that makes it interesting, so I’m surprised some distressed hedge fund wouldn’t swoop in at an attractive enough interest rate backed by a sufficient value in assets as collateral

(In response to this post by WahooMatt05)

Posted: 03/19/2024 at 08:38AM



+3

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