Post by ilmoro on Mar 24, 2015 12:07:36 GMT
Split the security by the same ratio as the loans are to the total loan. Total loan is 2.1mil, therefore 4a is 30.71%, 4b 69.29%, so security should be 4a 921.3k, 4b 2078.7k. This will give LTV on both as 70%. Doing it any other way would distort the values I suspect. (ie split equal massively distorts LTV in 4a favour)
This also keeps them separate as some may not have investments in both, different repay dates. Obviously once 4a repays amend to reflect change, though I suspect it will get an extension to align it with 4b