Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising...
by humanistbot on Friday December 16, 2022 @02:20PM
(#34018837)
> Do mortgage providers consider it enough to show a signed multi-year tenancy agreement as sufficient collateral to offer a 100% value mortgage, and therefore Neumann didn't need to put in any cash himself?
I'm pretty sure he didn't apply for a traditional mortgage through a traditional lender in the way that we plebians or even publicly traded companies do. He has a long history of using his charisma and star power to get private individuals to make completely idiotic deals that benefit him and leave them holding the bag.
I'm pretty sure he didn't apply for a traditional mortgage through a traditional lender in the way that we plebians or even publicly traded companies do. He has a long history of using his charisma and star power to get private individuals to make completely idiotic deals that benefit him and leave them holding the bag.