On today’s show we are talking about a question that came to me on a phone call yesterday morning. The person asking the question was seeking to help another investor who has run into financial difficulty.
The question was whether a standby letter of credit could be used to help a real estate investment firm that was seeking to refinance their bridge debt into a lower interest rate permanent financing.
Given that the person asking the question wasn’t clear, I thought it would be helpful to share the question and the answer live on the show.
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Host: Victor Menasce
email: podcast@victorjm.com