One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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I love how banks will only loan you money when you already have money.

The Qatari bank loan basically says "We'll agree to loan you $25MM, but we won't actually give you the money until you deposit $25MM in an account at our bank as collateral."

So the only thing the loan accomplishes is the triggering of the $69MM payment to LLC, which is great, but kind of crazy that LLC had to do this.

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