As I understand it, one of the conditions for Saca to receive any more funding from CalPers and any funding at all from the bank loan is that he is required to demonstrate that he has presold at least 50% of the condominiums. He has not met this threshold yet, therefore no more money until he does.
__________________
To accomplish great things, we must not only act, but also dream: not only plan, but also believe. I believe I will have another beer.
|
Threaded Mode