I spotted this on another forum
Pandora Capital has posted a helpful summary of LBOW:
http://www.pandora-capital.com/LBOW.html
Even if a pessimistic view is taken of the Southport loan, it appears that there could be a reasonable (i.e greater than 10%, hopefully around 20%) IRR available here as a parking place for spare cash the next 18 months or so
I'm sure there are a few potential nasties lurking that haven't been spotted - hence this post !!
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