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Post# of 87366
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thndr65

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thndr65

Re: None

Saturday, 05/17/2008 12:18:28 AM

Saturday, May 17, 2008 12:18:28 AM

Post# of 87366
No body seems to care that the reported 627 million loan, which is supposed to be for a resort in Reno, GSR , has reportedly been for sale for only 420 million for the past 9+ months.

If they sell, no loan for HCPC as the buyers will most likely have their own prefered financing vendor.

The big question to me is, is the big loan for GSR, or some other resort. Why would a company wanting to sell their resort for 420 million (which appraised for 1.3 billion) be trying to fund a 627 million loan.
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