Bluegreen Corporation (NYSE: BXG) today announced the completion of a new $20 million timeshare receivables hypothecation facility with National Bank of Arizona and arranged by Ward Financial Company.
The facility provided for an 85% advance on eligible receivables which were pledged under the facility at closing, subject to customary terms and conditions. Amounts borrowed under the facility and interest incurred will be repaid as cash is collected on the pledged receivables, with the...
Levitt Corp(LEV): More Than Meets the Eye, or a Sinking Ship?
We are not big fans of home builders in the best of times (perhaps we are not smart enough to understand the business), and certainly not now given current market conditions. Many of these companies are down 50% or more year to date, and while the carnage can always get worse, we've got to believe there is some value in some of the