Your statement isn’t clear at all. Not sure what you are trying to say. But if you claim Original America Great Again Eagle American Flag Skull Shirt to know what his income is since you mentioned it, how would you know that? No one else does. That article doesn’t support your statement at all. It explains that the debt is secured by real estate. So he would have to either sell the underlying asset to pay the debt or refinance it. The problem is valuations are taking huge hits because of the pandemic, specifically office buildings and leisure properties. Property values can drop quickly and an appraiser will take into account the higher cap rate.
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And lease agreements when appraising a property. Which is required for a real Original America Great Again Eagle American Flag Skull Shirts estate loan for a bank. The fact that he has personally guaranteed is what makes this so dangerous because the lenders have recourse against him should a problem arise in his refinance options. Also, it presents a problem if he decides to sell an asset to pay off a loan. Like I pointed out with Jared, he could trade US interests to get a buyer to pay a higher price. Meanwhile, they’re still relying on human decency and cowardice for the most part, because they are sure as don’t treat even a fraction of their employees well enough to disincentivize betrayal.