Wednesday, May 12, 2021 3:08:11 PM
Do you have any insight as to how they intended to pay for the hundreds of millions of dollars worth of Real Estate Assets they LOI’d?
Could they really not have been bothered to give their lenders a quick phone call and ask if transferring the properties was even an option prior to PR’ing tne LOI’s for TWO of their own properties?
At what point did they come to the determination that the real estate market was overvalued? After the 6th or 7th or however many total RE PR’s there were??
It’s an incredibly disturbing pattern BenK.
Could they really not have been bothered to give their lenders a quick phone call and ask if transferring the properties was even an option prior to PR’ing tne LOI’s for TWO of their own properties?
At what point did they come to the determination that the real estate market was overvalued? After the 6th or 7th or however many total RE PR’s there were??
It’s an incredibly disturbing pattern BenK.
All IMO
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