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Thursday, August 22, 2024 3:30:23 PM
Not likely given they have been making payments and just found a "sucker" to take a "membership" interest.
My money says they continue to pay 18% and make payments to keep the hounds at bay. That of course depends on the occupancy and the "true" net income after the cost to operate the property. Assuming no one has sticky fingers, or the bank didn't find out about the recent sale.
What could possibly go wrong?
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