It’s a concern they haven’t sorted this out yet but at least they are not demanding immediate payment and seems like both parties are trying to sort this out. If WHSPs position was lock tight I would assume they would just demand immediate payment- seems like they will agree to a compromise position. I can’t imagine that a Lender can demand 4.5m for an approval of a cash outlay used as a security deposit for a cash accretive sale that actually improves the credit standing of the Borrower and where the Lender really didn’t suffer any harm.
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- Ann: EOS update re dispute with lender WHSP
It’s a concern they haven’t sorted this out yet but at least...
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