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I don't think they paid $57M for the loan, they must have bought it for a substantial discount given the nature of the debt. Otherwise it wouldn't make sense. I know a business attorney that worked with Silver Leaf in a few transactions last year. Said he was very impressed with those guys. Maybe now trailhead will be able to move forward and sell their remaining units at a price more relative to todays market.
Last login: Wednesday, October 26, 2011
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