[major-pelham]

What a rabbitt hole ! Someone other than them is backing that - no chance anyone lends into that bankruptcy in progress at 6 and change.

[gibsonguy]

“What a rabbitt hole ! Someone other than them is backing that - no chance anyone lends into that bankruptcy in progress at 6 and change.”

For sure, JP Morgan isn’t going to expose 275M without some guarantee from someone big. And what happens with next payment?

[Timocrat]

Someone other than them is backing that - no chance anyone lends into that bankruptcy in progress at 6 and change.

Probably only lent for 2-3 months until receipts from second half year property taxes become due. Anything above six months would probably have attracted a much higher rate.