How close is Sudo to generating $2K/month?
Yardena Cohen via sudo-discuss wrote:
This is true. If Sudoroom can stay current on monthly payments that's
a huge help.
Our old loan is coming due December 1 with a balloon payment of $900k.
We have applied for a new loan, have not been rejected but are still
negotiating. We are trying to improve our cashflow as much as possible
to be in a better position, by hosting more ballroom events, adding
more tenants, applying for grants, and are about to launch a big
gofundme campaign as well. Nothing is guaranteed right now, but we're
going to try our best.
Btw her name is Imma, and she's Omni's treasurer, which is different
from being a board member.
On Thu, Jul 14, 2022 at 10:30 PM Andrew R Gross via sudo-discuss
<sudo-discuss(a)sudoroom.org> wrote:
You should talk to Ima (sp?) or someone else on the
board. What I
understood from a conversation is that Omni is behind on the mortgage and
needs to demonstrate sustainable income sufficient to reliably pay off the
mortgage each month to the bank by the end of the year or the bank will
foreclose. I don't know the details, but the general impression I got was
that if Sudo can generate $2k a month each month starting soon and keep
doing it, we'll be at least fulfilling our role.
Andrew R Gross, (he/him)
412.657.5332 -
shrad.org
On Thu, Jul 14, 2022 at 12:29 PM romy via sudo-discuss <
sudo-discuss(a)sudoroom.org> wrote:
How close are we to losing the Omni ?
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