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Bill Chen on Clipper Realty and the NYC apartment boom
Yet Another Value Podcast
What's a Hold Co Level?
All the debt is held at the real estate all right? Yes. None of it's held at the hold co level. So even if, you know, one building burned down in a fire, and for some reason they didn't get insurance proceeds, they would just hand the keys to the lender. It's actually a lot, i do not want t say it's a lot saber, but it's better than looking at a high eeld company six as clever. One business goes down, the whole thing goes down. In this case they're still going o be hold co aue. Amd, i tink, he tha's tat.
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