looking forward

The property 3145 central avenue waukegan is listed for sale at $7,667,375 Book value $4 300 000 The sale of this property is to be taken off the mgl loan and with around 3.6 million being taken off from the cj4 5 million we recived and one million per quarter repayment will see this loan gone from the books if the sale goes through.This property is unencumbered which i take as we own it outright and has no debt etc related to it.The mgl loan recieves or mirvac group recieves 50% rental income from it .May need checking around the rental income if doing your figures this property and of course my post because im going on memory here so its free posted no links. I take the mgl loan now to be roughly ten million with payment of the proceeds of the cj4 loan.Guidence in the last report states they will use money from it to pay down mgl facility.