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Old 08-26-2013
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Re: Why give the payoff amount?

The bank wants to get an idea of the equity that is in the deal for the under-writers. Banks do ask this. I was in Venture Capital for 10 years. Now is it really their business NO. If you can I would only show what your Beneteau is worth, so they see the equity. Other than that I would not think the payoff would even matter that's your business.

Hope this helps some, Blessings.
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