@ATMRollupGuy@realEstateTrent There are a few HNW feeder vehicles accepted, JP have 1 where any missed capital calls from the HNW = 50% reduction of total investment value in the HNW’s asset management portfolio. Incentive is there for HNW to meet the CC from the feeder. 60-65% advance rate on that feeder.
@ATMRollupGuy@realEstateTrent Capital Call, most banks discount majority of HNW from the borrowing base unless there’s specific reasons, would think very few are HNW only lines. NAV lines should be ok as no recourse to LPs but then you have banks RA for real estate deals now and NAV in general.
Glasgow Rangers run football. We’ve just rocked up to a European giant took their 400 grand a week player aff them and made them pay his wages for the trouble.