Posted Aug 21, 2019, 10:04 PM
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you know where I'll be
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Join Date: Sep 2006
Posts: 5,546
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Quote:
Originally Posted by LouisVanDerWright
Given their string of highly successful rental projects (Gino's, wpw, coast, etc) it's probable that Magaellan has enough cash to do whatever the fuck they want here. They probably have nine figures in cash at any given time just marinating in a bank account. They can put up 100% of the costs of this tower, the bank is probably financing both buildings off their rental resume and cash pile as a line of credit.
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LendLease is in all probability the real equity money here.
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It's simple, really - try not to design or build trash.
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