TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Dec 20, 2023 11:57am
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Post# 35793926
RE:RE:Would WWIII void the "Non-Recourse" arrangement with Debt?
RE:RE:Would WWIII void the "Non-Recourse" arrangement with Debt?Hi Carena.
My understanding is that BPY risk is LIMITED (does not absorb ALL risk), it's limited by the "non-recourse" nature of each asset "adventure".
For example, my understanding is: If insurance for some reason does not cover the destruction of a building, BPY would basically default on debt for that building, but since debt is non-recourse, the risk/loss is on the Debt Lenders.
As I understanding.... Brookfield has from the begining prepared for "Armageddon" by structuring debt as "NON-RECOURSE".
So, my concern comes down to the "non-recourse" nature of the debt.... does it cover all situations?
All just my opinion/view/thinking/guessing