POLITICS President Trump: 100+ Mornings After (Term 1 Complete)

If you're sleeping during sex, you must be the bottom [itch bay]

 

Not always

 

Alan starts snoring and it's like a built-in vibrating function.

 

15 minute power naps. One positive skill acquired from my time in the military.

 

The whole trial is a political scam. I would be asleep too.

 

For someone who has had his right to speech stripped from him, he sure as shit never shuts the [uck fay] up.

 

Dems can't stop

https://www.foxnews.com/politics/democrats-look-strip-secret-service-protection-trump-convicted

 

I don't like this. I don't think it would pass either.

 

The man is funny as hell I don’t care what anyone says

https://x.com/dvassallo/status/1783578914180460876?s=46&t=QWMOZgf3inppeJodtJqHtQ

 

Odds this gets investigated?

 

The facts seem to be misrepresented. Blackstone defaulted on it 2 years ago. It was once valued at 600 million. It is being converted to residential. Commercial real estate in NY isn't very hot in the post covid world.
https://commercialobserver.com/2024/04/yellowstone-1740-broadway-blackstone/

I looked this up after seeing your post.

 

They valued it around 1 billion at one time which it was never worth that. The valuation allowed them to basically remodel the whole place and now they are defaulting on the loan.

 

Did the valuation call 10k sq ft lofts 30k square ft?

 

Not that big of a discrepancy but there was a discrepancy and now a bank is taking a huge loss.

 

Slim, I would say, but if there is some idea they were trying to game the system, investigate.

But without knowing much about the details, did they value it at $1 billion everywhere, or change it up depending on what they were wanting to do (loans vs insurance vs taxes) and did they inflate the size of some of the floors/residences? How much did they pay for it vs how much they sold it for?

Just because a company took a huge loss on a property is not clear signs of malfeasance.

 

Not shocked

It was on their balance sheet for close to a billion. How do you think people get loans? Or one could say it mis represents their companies net worth.

 

Sure investigate. See.

 

Agreed, but I bet it doesn't happen.

 

They paid $605M for it in 2014. This article mentions their typical strategy re: renovations.

https://therealdeal.com/new-york/20...-the-buyer-of-vornados-1740-broadway-sources/

IP provided a link above which reports that they defaulted 2 years ago on the $308M loan originated by Deutsche bank along with other info.