Commercial real estate numbers are very tricky...tenants are often given discounts that are hidden from the public numbers.
Appraisers who do their job do face to face interviews with a sample of tenants to get the straight story—before crunching any numbers.
But Orange Man Bad is totally guilty of real estate FRAUD!
Next two years, $1.5T real estate debt that will have to be refinanced at a higher rate
Will the market bear the additional costs?
Saw it first hand - landlord has tenants expand their space without increasing the rent and voila! 90% occupancy!
"How would you like to rent space in such a successful property?"
"We need you to loan us money for our successful property."