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GhostOfRobertTreat t1_jc773kt wrote

Reply to comment by thebruns in Valley National, Bank Leumi, Be-Aviv Lend $50M on Newark Multifamily Build (50 Sussex Ave.) by madsheb

Permanent financing as opposed to a construction loan. In this case looks like the developer “loaned itself” some cash.

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thebruns t1_jc77meu wrote

Imma loan myself some cash and the write it off

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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%.

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