4 ms·
It’s 0.5% plus a portion of the asset appreciation, not just 0.5%
by alasdair_ 2y ago
It’s 0.5% plus a portion of the asset appreciation, not just 0.5%
- anonfordays 2y agoBanks and investment firms are not allowed to loan money out privately for less than the AFS, which is 3.72% right now: https://www.investopedia.com/terms/a/applicablefederalrate.asp https://www.investopedia.com/terms/a/applicablefederalrate.a...
- alasdair_ 2y agoIt's not a loan, it's considered a security.
- anonfordays 2y agoIt's a loan on securities, like a home equity loan. They are considered loans and such must follow the minimum interest rules.