TRYON MEZZ DEBT
Tryon is a sub performing mezzanine loan purchased off-market in a structured transaction that resulted in an implied discount to par to generate an 18% yield. DIG, along with the first lien holder, continue to service the loan as intended to generate significant cash on cash yields. DIG expects a payoff at maturity. If borrower is unable to pay off the loan at maturity, DIG will work with the borrower to resolve the loan.
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