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Not exact matches
But neither the African governmental officials nor the
private foreign banks who made the decision to
loan in the first
place lose out, as European and North American governments step in to provide further financial assistance for African countries as they begin to lapse on
loan repayments: «In effect, public
money from the governments of industrialised countries -LSB-...] helped to bail out the
private creditors» (p. 33).
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The monthly payments on various types of
Private Hard
Money Loans are all over the
place, from 0.4 % or less to 1 % or more of the total
loan balance due each month (depending on the
loan's duration, interest rate, ARM, balloon payments, and more).
Yet it's probably clear that if cash is available to pay off a short - term
loan then it may also be used to finance the purchase in the first
place, negating the need for
private money.