URF us masters residential property fund

Ann: Monthly NAV Update, page-5

  1. 1,502 Posts.
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    as I have said before I think they will be rational.

    There is a big advantage to avoiding / minimising any refinancing. Any new facility will take time and cost to negotiate, certainly have upfront costs and probably prepayment penalties. The latter may not be immaterial given the stated intention is to wind up the group. If it turns out to be only needed for say 2 years then the effective cost may be pretty high - guessing here but potentially 8-10%+.
 
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