Not a mortgage, repayment secured not by property value but by anticipated revenue (donations).
Other details at odds with what was widely reported but this is the big one.
Not a mortgage, repayment secured not by property value but by anticipated revenue (donations).
“Donations” … as in taxpayer funded grift…once the commies are back in power.
“Not a mortgage, repayment secured not by property value but by anticipated revenue (donations).”
Kind of like telling a bank you’re going to get big money when your Mom dies, even though she’s perfectly healthy. For us mortals, we wouldn’t get very far in securing a loan.
“Not a mortgage, repayment secured not by property value but by anticipated revenue (donations).”
Per the article the building is pledged as collateral.