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jackson227

04/06/09 6:13 PM

#63340 RE: p_chen #63333

Nice find pchen !

Thanks for the dd and thanks to WAS for providing the link to the document.

http://146.129.54.93:8193/imgcache/OPR20051222001179-1-23.pdf

"Second and Union LLC is WHOELY OWNED BY WMI! I am sure Weil found it too. But anyway I post it.

http://146.129.54.93:8193/imgcache/OPR20...

"WMI purhcased the real property described on Exhibit A hereto (the "Heliparker Property") from MDA..."

"Pursuant to the Development Agreement, 1301 (whose members are Second and Union, LLC, a Washington limited liability company ("SU")(a wholly owned affiliate of WMI), SAM and MDA is developing certain improvements (the "WASAM Project") on the real property described on Exhibit A-1 accordance with the law of the state of Washington and units therein ("Units distributed to SAM, MDA and SU."

Hope the finding helps you boost your confidence in WMI. Pay up FDIC and JPMorgan! "
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freddy80

04/06/09 6:57 PM

#63347 RE: p_chen #63333

This is great!! And there are many more assets just like this!