Trying to work out how investors could lose a lot of their money...
Inlaws have investmenst in other mortgage debentures..Angas Securities, and Latrobe ...
The way i read the play... Say investors plough in $100 mill...
They loan out $100 mill (no debt except what investors have put in) They lend 70%...so if the property drops 50% in value...the investors still receive back the funds on the property sold... they may lose say 25% of capital...not all of it...is this how these things work?
