terrible what they did
no ifs and or buts, they should all be prosecuted
no money is worth what they have done, bk them and finally put them out of their misery.
Win there are no secrets in the oil patch and when a penntystock can do a 5 bagger the news will travel fast to family and friends.
From last Thursday and throughout the weekend,
"Hey uncle Bud, you know that little earl co I told you about a few months ago well it looks like their partner EOG may have hit next to that 37 million dollor well we are all hearing about. Have cousin Billy do a walk by he lives near Sabine.
Good luck uncle Bud and tell aunt Mary I said hi."
Tunisia, this ole pirate will stay in North America, Win however did get me to buy into Argentina but the oil co is next to Exxon and Chevron who are pumping in 15 billion and the shale development next door and could be a 5 bagger it also has lots of canadian oil. MADALENA Energy is the co.
Win thanks for posting on Iona about this. snagged 25k at .67
You have no shares long or short, you just post because of your lack of any formal education. Maybe a ged can set you straight and then a starter job at Burger King. Your mother is calling you for breakfast and a diaper change.
Interesting, I told you what the note has for provisions and I read them myself.
Secondly I never said I was an expert I only repeated what the mortgage broker said and I read the note myself and saw the language.
As I said I never knew that cmbs loans had this provision, dude you better go back to reading 101 and take an anger mngt class because your anger and inability to read a simple first grade sentence makes its impossible to try to explain anything to you.
Agreed $110 is a perfect amount, if it does rise then I expect to be OPEC smart enough to just say they will raise production which should lower prices even if they do not just to keep the economies of the world stable, which just proves how unstable the worlds energy needs are.
A whole 3000 shares, thats how the game is played, short between yourselves using small amounts of shares to scare weak hands.
they are the mngt co and handle the refi's
Extremists on both sides 75 on one side and 150 on the other.
110 is a sweet # that OPEC pretty much said is what they want per their last meeting two days ago.
Article about Mexico and oil in todays WSJ, drilling shallow water is coming back.
Cramer is in maybe thats the signal after some covering the last few days,.
And now that Iraq is in the news its hard to argue cheap oil is coming
IRT owns newer complexes with min vacancy rates in strong markets so we can expect them to raise rents accordingly and all these increases will fall to the bottom line.
Read from article below:
The apartment rental market (multifamily housing) should see vacancy rates edge up from 4.0% in the second quarter to 4.1% in the second quarter of 2015, with added supply helping to meet growing demand. Vacancy rates below 5% are generally considered a landlord's market, with demand justifying higher rent.
Areas with the lowest multifamily vacancy rates currently are New Haven, Conn., at 2.3%; Ventura County, Calif., 2.4%; and New York City; San Diego; Hartford, Conn.; Oakland-East Bay, Calif., and San Diego, at 2.5% each.
Average apartment rents are projected to rise 4.0% this year and in 2015. Multifamily net absorption is expected to total 221,400 units in 2014 and 173,100 next year.
Couple that with them doing these low interest rate refinancing deals and cash flow can skyrocket.
IRT is a great value in todays world of people looking for yield, safety and value.
Correct, no need for a special service provider if the mortgage payments can be made. There is also the right to call a cash trap if the lender wants to which means that all the funds after expenses and escrows are held in a special account that the lender controls until the mortgage is paid off. The mngt co can still pay bills and do repairs its juts that the owners get no $$$.
As I said I never new that cmbs loans had this provision, I am sure they are different in each loan.
The bottom line is an owner would rather refi at a lower rate rather than pay a 2% penalty and 2 to 3 % higher interest rate.
Just to let you know the note has a 1.6 million defeasance penalty which is why they are discussing this now. Will rate stay low and what will rates look like in 2 years?
And your point is.
I just told you what happened and something about cmbs loans that I never new.
Now as far as going into foreclosure they will not according to the mortgage broker but thats only if the loan can be paid with the much higher interest rate and after the 2% fee of the outstanding mortgage balance is paid otherwise it will go into foreclosure.
its a remedy in case a refi cannot occur.
Get a copy of a cmb sloan and read it and see for yourself.
By the way the mortgage is 18 million on a 31 million shopping center and the re broker said it is worth that using an 8 cap .
I was in a meeting with some people that owned a large shopping center in SC this Monday.
Present was a re broker, the mngt company and a commercial mortgage broker.
The discussion was what to do with the property as the mortgage is coming due in two years.
The re broker explained the market and said it could sell blah blah.
The mngt co said rents are rising blah blah.
The mortgage broker said, first unknown to almost everyone is that cmbs loans always have a provision in case the owner cannot refi the mortgage. They lender will not foreclose instead they have the right to charge a 2% fee of outstanding mortgage amount and raise the interest rate 2.5% above the current rate until the property is refinanced.
I never knew about that, the broker then went on to say hold out for a good mortgage and do not fear the mortgage going into foreclosure and you have 3 to 5 years additional time.
Does RAS own any cmbs loans?