Same Time Next Year
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It’s been nearly a year since I wrote about the problems that come from
having 11 bosses who are not on the same page about anything, as well as
suggestion...
6 months ago
July 18, 2006
ORH Bonds Outstanding
According to the June 30, 2005 financial statement ORH owes $4,165,016 and Bonds. Imagine that is the debt representing the approximately $600,000 per year of debt service.
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4 comments:
If the debt service on $4,165,016 is $600,000 per year, their interest rate is around 14%
maybe we should refinance the debt?
The debt service probably includes interest as well pay down of bond itself.
I had used a 30 year mortgage in my calculation.
If they only have 9 years left on the amortization, and their payments include principle and interest, they're only paying 6%.
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