What does it matter? This is a real-estate deal. Somebody who buys and rents industrial space. Pick a name.
One thing I could be certain of is that whoever the party is does not have to borrow at 10%/y plus yearly 3% rollover fees.
The cash extracted is a good thing. And the rent is less than half what they were paying in interest. So a good financial move across the board. But trying to read anything beyond that is a stretch.
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