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Old 30-04-2008, 04:56 PM
Goldberg Global Goldberg Global is offline
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Join Date: Mar 2007
Location: Spain
Posts: 698
Default Bank repo 57% below bank valuation

Bank Valuation is 360.000 euros
Sales Price is 230.000 euros

So the discount to bank valuation is 130 euros. It is just under 57%, 56.6% below bank valuation.

So yes, we have arrived at an interesting time. It is a deal. Let me know if interested.
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