SailNet Community - View Single Post - Why give the payoff amount?
View Single Post
  #2  
Old 08-26-2013
Palm-Tree-Living's Avatar
Palm-Tree-Living Palm-Tree-Living is offline
Junior Member
 
Join Date: Aug 2013
Location: New Orleans
Posts: 20
Thanks: 6
Thanked 1 Time in 1 Post
Rep Power: 0
Palm-Tree-Living is on a distinguished road
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.
Reply With Quote Share with Facebook