JP 3E Holdings Inc (JPTE)

[I ll be back]

It depends on who the borrower is.

Bloxcross would own the balance (49%) of the property, so why does Park list 100% of the debt and asset value for the 510 Hamilton Street apartment building on SPZI's financials?

IF Bloxcross owns 49% under the membership under the LLC, they should ONLY be listing 49% of the value on their balance sheet. The downside is, if Hamilton Street is the borrower, they would need to show 100% of the loan as a liability due to the loan guarantee. Blowcross has zero liability under the lender.