XIN gets construction loans from banks with every project....about 65% of the land value....these are probably at a #$%$ rate now. How can they make money if they borrow at 7% interest rate?
Why would the CEO with 40% of the equity and TPG with potentially 20% of the equity borrow all this money? Do they both have some hidden death wish? Or do the know more about real estate development than you and Shelly?