cre loans, page-5

Well I think I can lay claim to a fairly accurate assesment that they had no cash to pay their next CRE margin call.

At least we know if the Defence loan is repaid they get to die another day.

Their next hurdle would be their 70? $A NAB corporate facility which falls due in September, I think.

That is if Credit Suisse does not touch them up with a further market assesment and margin call. I think further calls are likely.

This of course assumes Defence loan is repaid when due. I read in the AFR that there are several cases of mezanine loans where the interest can be paid but the borrower can not refinance.

They are a long way from being out of trouble.

I must admit I hope the CRE loan are allowed to

Odd that RAT is worse than REU. Any thoughts as to why?