question:
$900k is the total amount still owed on the building yes?
Is there some smaller amount of upfront cash we could give to a bank to secure the loan? Like if someone provided $200k with the expectation of getting it paid back eventually, could we give that to the bank and ask for the $900k loan?
If I can get some concrete-ish answers I have someone in mind who may be able to help with this, but I want to get answers before I have that conversation.


On Thu, May 18, 2023 at 8:32 PM Jake via sudo-discuss <sudo-discuss@sudoroom.org> wrote:
It's nice to have the Omni Commons building so that we can have sudoroom in it
(and for other reasons)

unfortunately we have to find a new loan, since our present one expires in
December, and we will have to come up with almost $900,000 and the only way to
do that is with another loan.  We have the building as collateral, and it's
worth a lot, but for various reasons it's not as easy to get a loan as you
might think.

Does anyone want to work on this so we don't lose the building?  Literally
we have no prospects right now.

-jake
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