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In today's environment, yeah. But a few decades ago those loans would have interest rates more like 20%
by Rebelgecko 5y ago
In today's environment, yeah. But a few decades ago those loans would have interest rates more like 20%
- anonporridge 5y agoWouldn't the loans be fixed interest rates?
- Rebelgecko 5y agoAs far as I know, every sort of margin loan or pledged asset line of credit is indexed against the daily SOFR, LIBOR, or a similar benchmark (onto which the lenders add their profit margin, which is usually negotiable if you throw enough money at them). If you know any with fixed interest rates let me know, that'd be a helluva deal!