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Xinyuan Real Estate Co., Ltd. Message Board

  • infn444 infn444 Apr 28, 2013 12:23 PM Flag

    Real reason for "BOND" probably would not be able to carry mortgage on NY property & taxes while it sits empty

    and continue to pay DIVIDEND. $29 Million is still owed on NY mortgage an unless they got a loan at (13.75%) they would have been foreclosed on. As nothing has been sold in Irvine or NY and many of you here believe they cant get money out of China....................................what a joke. As the Chinese government is always stating that they're willing to help with foreign investment by their home grown companies. So now with a BOND at 13.75% and 5% divy almost 19% payout along with taxes on property is probably eating up about 25% of income. And their DEBT now climbs to $519 Million dollars

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