- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Saban $20 mill in hole due to bad real estate investments w LSU and Bama alums
Posted on 12/11/13 at 9:50 am to makersmark1
Posted on 12/11/13 at 9:50 am to makersmark1
quote:not really. I make just over 100k. I could easily be approved for and afford a $300,000 mortgage. The ratio is the same, or even a little less. Saban: 7 mil earnings - 20 mil debt = 2.85:1 ratio. 100k/300k = 3:1 ratio.
20 million in debt is a tough spot even if you make 7 million a year.
This post was edited on 12/11/13 at 9:51 am
1
Posted on 12/11/13 at 9:53 am to otowntiger
quote:
quote:
20 million in debt is a tough spot even if you make 7 million a year.
not really. I make just over 100k. I could easily be approved for and afford a $300,000 mortgage. The ratio is the same, or even a little less. Saban: 7 mil earnings - 20 mil debt = 2.85:1 ratio. 100k/300k = 3:1 ratio.
I didn't see the point was that it was tough to qualify for such a line of credit. The point is, it's a tough hit if you get called on to cover it. As I'm sure it would be for you to be called on if called to pay off your $300k mortgage today.
This post was edited on 12/11/13 at 9:55 am
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News