He might have lent $20 million 12 times to get a total of $240m. 40% apr on 20m is 8m. 5% of the deals go bad which probably eats up a lot of the interest. And

He might have lent $20 million 12 times to get a total of $240m. 40% apr on 20m is 8m. 5% of the deals go bad which probably eats up a lot of the interest. And who knows what he pays himself and employees.