Then given how leveraged the properties likely are, a bunch of them will have to be sold to make the 500 mil.

He wouldn’t have to sell shit. I’m sure he can easily get a half billion on a margin loan.

I’m betting it’s both over leveraged and no one will lend to him.

I’m wondering what priority the state has over existing lienholders. If State has priority, then some banks may be about to get hosed.