AMA - Standby Letter of Credit

On today’s show we are talking about a question that came to me on a phone call yesterday morning. The person asking the question was seeking to help another investor who has run into financial difficulty. 

The question was whether a standby letter of credit could be used to help a real estate investment firm that was seeking to refinance their bridge debt into a lower interest rate permanent financing. 

Given that the person asking the question wasn’t clear, I thought it would be helpful to share the question and the answer live on the show. 

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Host: Victor Menasce

email: podcast@victorjm.com