Post by am on Jan 30, 2016 20:16:09 GMT
First thing to note is that the email from surveymonkey doesn't give the deadline for voting. (It is however on the activity tab at AC when one logs in to see what the proposed options are.)
My understanding is that the intent was to sell into the healthcare market, at a premium to the price achievable in the residential market. Reading between the lines, my interpretation is that the lower number of buyers in the healthcare market means that it takes longer (on average) to sell properties, and the borrower is now redirecting to the residential market to achieve quicker sales. However since the LTV is low the lower price achieved doesn't matter to us, so providing AC unsuspend the loan for anyone who wants their money now, there's nothing objectionable about the borrower's proposal for a short extension at an increased interest rate.
My understanding is that the intent was to sell into the healthcare market, at a premium to the price achievable in the residential market. Reading between the lines, my interpretation is that the lower number of buyers in the healthcare market means that it takes longer (on average) to sell properties, and the borrower is now redirecting to the residential market to achieve quicker sales. However since the LTV is low the lower price achieved doesn't matter to us, so providing AC unsuspend the loan for anyone who wants their money now, there's nothing objectionable about the borrower's proposal for a short extension at an increased interest rate.
