Replies to post #88182 on JP 3E Holdings Inc (JPTE)

[Huggy Bear]

Park and his wife are non student residents.

This happens when your home is foreclosed upon for non payment of the note.

[I ll be back]

You're correct with this assumption.

Interest rates were far lower pre-2019. A roll over might devastate them?

That is just "one" of the reasons the banking system is set to collapse.

I've done a number of projects where the city provided "economic" relief to encourage development, mainly housing. The google drive by supports why this housing falls into it. The majority of these development districts full under a tax break up to ten years. The other designations tend to fall into financing structures, but they are more of a general housing need, NOT student housing.

If the project is located more than half a mile from the college, it could affect student demand, as those closer to the campus are likely to be more sought after. Without access to the actual rent rolls, the true figures remain unknown. However, it is known that turnover in student housing is high, especially since students often vacate during the summer, leading to increased maintenance and turnover costs.

This has the appearance of a shell game assuming Park is looking to wipe out the commons and created the sale to payoff other members inside the LLC with inflated shares. Given what is happening in the lending world, I smell a sale that was created under very questionable valuations.