Value of Mar a Lago

Tax assessors value: $18 mil.
Liza Pulitzer, Brown, Harris, Stevens Real Estate: No comparable properties: rock bottom, $300 mil
Rob Thomson, Waterfront Properties: $600 mil
Tampa Bay Times: Tampa Bay Times: hundreds of millions
Forbes: $325 mil

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whowasthatmaskedman · 70-79, M

Now the important question...Loans taken using Mar a Lago as security.😷

MarthannBann888 · 70-79, F

@whowasthatmaskedman
Loans are made based on the fair market value of the collateral. The point is that the lenders can get their money back if the borrower defaults on the loan. It is simple, really simple.

whowasthatmaskedman · 70-79, M

@MarthannBann888 Yes. Unless the property is already secured and there is no equity left

MarthannBann888 · 70-79, F

@whowasthatmaskedman If there is no equity left, it can’t be used. Certainly the assessors value is not used.

whowasthatmaskedman · 70-79, M

@MarthannBann888 And I think thats what we will discover😷