Re: Developers at odds over future of Jersey City neighborhood

Posted by brewster on 2018/7/11 20:46:41
Quote:

dr_nick_riviera wrote:
This is interesting. I assume this is the Mecca project:

http://wiki.realmart.com/golden-100-i ... ed-a-full-house-audience/

Looks like he was offering EB5 for investors in this building. How on earth does he have the connections for that?


That's interesting. So a guy with many millions in real estate as collateral couldn't or wouldn't just borrow development money from a bank in this era of historically low rates? Either he was trying to wring every penny out of the deal or the banks know why he's not a good risk.

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