Post by shimself on Mar 16, 2018 11:32:55 GMT
3 simultaneous cross collateralised loans to the same developer ES** Developments
I'm seeking enlightment here
loan1 18months; 67% LTGDV (day 1 61%); 7.74% interest rate
loan2 ditto ; 33% LTGDV (day 1 2% !); ditto
um well you can see the point why the same rate when the security levels are very different? Part answer perhaps is that loan 1 is nearer completion and already has some sales, is that it? Oh hang on cross collateralised, still that sounds like a few basis points of difference even so
and just to add to the mix
loan3 36months 66% LTV 5.75% interest rate
I'm seeking enlightment here
loan1 18months; 67% LTGDV (day 1 61%); 7.74% interest rate
loan2 ditto ; 33% LTGDV (day 1 2% !); ditto
um well you can see the point why the same rate when the security levels are very different? Part answer perhaps is that loan 1 is nearer completion and already has some sales, is that it? Oh hang on cross collateralised, still that sounds like a few basis points of difference even so
and just to add to the mix
loan3 36months 66% LTV 5.75% interest rate
