Has been said to me that 5 borrowers at 20% or less = no PG for anyone?

by a searcher from The University of Auckland - The University of Auckland Business School

4 years ago

Sorry if this has been asked, I'm working with co-borrowers who would prefer not to PG so have suggested splitting ownership so no one owns more than the 20% threshold for personal guarantee?  I presume there's a rule against this?  Thanks

4 likes
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10 comments

professional from Simon Fraser University

From a lenders perspective the % of ownership doesn't determine personal guarantee requirements

4 years ago | like reply | 0 likes

professional from Simon Fraser University

From a lenders perspective

4 years ago | like reply | 0 likes

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