Yep. I didn’t know if it was “automatic” per se. I know the last 2 or 3 years wasn’t normal due to extremely low interest rate environment and refinancing. But we won’t be seeing another refinance of those that have been refinanced already.
It would be nice if CFD #4 gets it’s act together and refinances for it’s taxpayers. But I’m not going to hold my breath. But yes, like you in my models I included the assumption they will raise it 2% a year and won’t leave any money on the table.
ocrenter, where do you live? Do you live around our hood? Thanks for posting such great information. Actually it was some of your posts that were really really educational for me on this whole CFD pay off. That’s why these message boards are so valuable. Thanks.[/quote]
I think they may have contract obligations to the bond holder to keep it at a certain interest rate??? just speculation on my part.
haha, we are in lizard country, aka Stonebridge. According to some people’s Thomas Guide, the place is so far flung they didn’t even assign a page #!
