That's how it looks. Taking a slice of gross sales is a very low risk way for the lender to extract money as the gross sales are effectively fixed and locked in for 10 years and don't fluctuate with the ups and downs of expenses that impact profit. Extending it over the 10 years spreads the impact over the time easing the burden of the loan on the overall project.
ATC Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
