thebruns t1_jc2ytqg wrote
This building is like halfway done already
Ironboundian t1_jc30agj wrote
“….Pollack noted that Tona used its own funds to pour 12 floors of concrete before the loan closed. “
Newarkguy1836 t1_jc4vk6y wrote
It's great to see developers have enough confidence in Newark to actually put their own money and get things going.
GhostOfRobertTreat t1_jc773kt wrote
Permanent financing as opposed to a construction loan. In this case looks like the developer “loaned itself” some cash.
thebruns t1_jc77meu wrote
Imma loan myself some cash and the write it off
GhostOfRobertTreat t1_jc7dx37 wrote
Meh. It’s kind of like taking a mortgage on your house at 5% because you can take the cash out and invest it at 7%.
Viewing a single comment thread. View all comments