Hey Brother,
I am invested in Punta Laguna, the second phase of Corasol. How has this worked out for you?
My recollection of the contract for PL is that the balance could be financed at 6%-7% above current rates for... (and here I forget the exact term that was used, but my recollection is that it was something similar to the rate that banks can borrow at from each other. Maybe the term was LIBOR or something like that.)
Obviously, I don't have the contract for The Village, but it would make sense that they used similar terms.
M
MLWHITENER
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