The Intercept

@theintercept ↗

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Last Checked July 17, 2022

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Tue Apr 20 19:55:18 +0000 2021

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The Intercept @theintercept

Ladder Capital, one of former President Donald Trump’s biggest creditors, issues loans and manages a real estate trust, that may ultimately help one of its top tenants — the low-cost, low-wage store Dollar General — flourish while devastating smaller retailers. — PolitiTweet.org

Posted April 20, 2021 Hibernated

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The Intercept @theintercept

“We find that the direct inflation of past financials is common practice in the industry” and “our tests demonstrate that this really doesn’t seem to be a pattern that’s driven by coincidence. … It’s hard to argue that these originators are just naive,” making innocent mistakes. — PolitiTweet.org

Posted April 20, 2021 Hibernated

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The Intercept @theintercept

Ladder Capital is paying the trust a lower interest rate on its mortgages than it would be if the cash flow and income numbers had not been increased, its monthly loan services costs for its properties logically must be lower. — PolitiTweet.org

Posted April 20, 2021 Hibernated