laavispa said:
In answer to the question where does BBC get the money. According to the document you cite FNB Bryan made a loan to BBC and secured it with a lien on the 196ac. This is how the Grantor got paid
I'm not sure but $65.2K per acre does not seem out of line,[Thread derail removed. -Staff]
So at $12,800,000 purchase price, where did the $2,500,000 plus down payment come from ?
Or did the bank finance 100% of the purchase ?
Also where does the money come from to pay the note on the property?
A 20,000,000 year lease at $1 a year ?
On tax roles for around ~$6,000,000 if recall, can anyone point me to other properties on bcad that are sold for 100%+ over bcad numbers ? Ive seen 30-40% but never 100.