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**Kuncher** · 05-10-2012, 01:37 AM

Thanks for your reply, Gunny. When Sinclair gave the $1200pto number, he stated that it was a requirement of the regulators -- as in banking regulators -- that anyone predicting profitability say as in a Bankable Feasibility Study (what they used to call it in the olden days) had to use the $1200pto number in an underwriting mode, in order to consider the loan and calculate time to payback. The various Senior Exchanges' regulators only let the PTO fluctuate x% higher from previous levels, for new calculations as I understand it. If memory further serves, JES stated this occurred in Oct/Nov time frame annually, when these loans are renegotiated/rolled forward...or not.

That was why I was asking, and was a little confused by your context.

Thanks again.

beefsteak

05-10-2012, 01:37 AM	#18
Kuncher Join Date Oct 2005 Posts 507 Senior Member	Thanks for your reply, Gunny. When Sinclair gave the $1200pto number, he stated that it was a requirement of the regulators -- as in banking regulators -- that anyone predicting profitability say as in a Bankable Feasibility Study (what they used to call it in the olden days) had to use the $1200pto number in an underwriting mode, in order to consider the loan and calculate time to payback. The various Senior Exchanges' regulators only let the PTO fluctuate x% higher from previous levels, for new calculations as I understand it. If memory further serves, JES stated this occurred in Oct/Nov time frame annually, when these loans are renegotiated/rolled forward...or not. That was why I was asking, and was a little confused by your context. Thanks again. beefsteak
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