### Comment:
You are 'guaranteed' nothing.  For every $100K in nominal value, you have a max return of around 32% (or 350% cash-on-cash return), and a max loss of around 9%.  Nothing is guaranteed.  This isn't some type of arbitrage trade.

### REPLY:
What if I don’t use margin?  I’m looking at a 32% return over 2.5 years?

### END.