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?
banksia in receivership
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