RE:RE:RE:Tough Teerms A lot haters here for some reason. RHC is executing. The fact a major lender is giving $30 MILLION DOLLARS in credit is a GOOD SIGN!
When a bank or other lender underwrites a deal for me and it passes their agressive DD and tests, its an additional sign that my proposition is good. Sometimes terms aren't fantastic. Maybe you haven't noticed but Bank of Canada Overnight Rate has also gone up 15X FIFTEEN this year as well. Rate are higher. that is a fact!
RHC will be able to pay this off quickly from cash flows coming in from steveville. I'm bullish on this deal. Would i have loved to see better terms? yes, but unfortunetly this is the market we are in. But now we have a clear path now to production.