this is first bit of good news!The CRE facility of 117 now would...

this is first bit of good news!

The CRE facility of 117 now would according to my figures be 117/260 or 45% gearing to the loans. Yes higher if you use mark to market, but look at the cb-16 loans - paid in full!! These are blue chip tennants not your local corner store

They have now 3 months before any major payments are due, all they would need is one sizable property sale and they are home and hosed

Maybe not as risky as evryone thinks. I think in 3 months times these will be back up to at least 40 cents if not 50