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It was a floating rate loan and the applicable interest rate in the first financial year, 2010-11, was 9% per annum. But this went up to 11.75% per annum in just the next year, 2011-12. From 2011 till December 2015, the interest rate remained between 11.75% and 9.95% per annum.
commercial mortgage loans, and other commercial real estate related debt investments. The company employs RiverBanc, The Midway Group, and Headlands Asset Management to provide investment management.
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