[GNC] Convert loan to downpayment

Fred Tydeman tydeman.fred at gmail.com
Tue Mar 31 19:08:08 EDT 2026


In a foreign country, I had loaned a developer 600K of their currency.
He had been making interest only payments for some time.
He paid off the 600K loan by converting it into a 720K downpayment on
the loan (I now have from him) to buy an apartment he will build for me.
What is the 120K difference?  How do I record it?


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