RNY rny property trust
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interest rate looks fine

  1. plough
    35,754 Posts.
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    16/12/09
    13:31
    Post #: 6051305
    to me new interest rate of 6.125% on the property mortgage debt looks fine although its obvious the LTV is going to be low when the properties are valued around twice the value of the loan.
    Hopefully the load falling due next year which has a current weighted average interest rate of 5.23% gets a similar interest rate of 6.125% although the LTV is around a higher 65% I am guessing
    If we got 6.125% then the interest costs would go up around $2.5M per annum on the total mortgages of RNYs share which is around US$290M IMHO
    RNY Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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