yet another new aja poster with a view..., page-26

Having spent more time on it, I am pretty happy that the loan with LTV covenant is not an immediate risk.

The next loan to come up is the largest one due for re-financing by December.

It is tight on the "stress" covenant, but I'm not sure how that is measured and may not be a concern. Most likely, they get a new loan with milder covenant but higher interest?

Looking good today though. Might well be more in it on the div announcement if they stick to earlier forecast.