Sentences with phrase «assuming first lien»
The benefit is your first in the capital stack (assuming first lien) and if you do get the property and you did your underwriting properly your basis could be 65 cents to 75 cents on the dollar (or less) which provides some protection.
https://www.biggerpockets.com/ Not exact matches
Under the deal second lien debtholders will get $ 1.18 billion while CNOOC assumes first - lien notes for $ 825 million.