Quote:
Originally Posted by crockett
Because he got Ben Carsons office at HUD to adjust his loans so he could get more govt subsidized loans...
Added to this Ben Carson yet another person Hanitty has interviewed with out disclosure of his dealings with him..
That's called extreme lack of ethics in journalism, but hey we know you don't care about ethics...
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You really have no clue what you're talking about. Which is nothing new but I just thought I would point that out again...
HUD doesn't just hand out cash. They only guarantee the loan so the bank feels more secure. Meaning if Hannity's "trust/corporation" defaults they pay off the bank and assume the responsibility of liquidating. So what actually happened here is Hannity borrowed an additional $5 million dollars on the $22.7 million dollar properties and the only thing HUD is doing is guaranteeing the loan to the bank. There's no back scratching to be done here.
Edit: I should also add.. The apartment complexes are likely guaranteed to be low income housing. If this is the case HUD is more involved in the operation but they still don't actually lend the money. They do disperse payments to the owners of said properties as well as inspect them on a regular basis to make sure they meet their standards. In fact the extra 5 million was likely property improvements to keep up to the standards set by the new admin. $5 million is likely some new roofing and paving and he's all cashed out.
BTW that one real state transaction deal is likely 1 of those corporations which owns the real estate that Hannity owns likely via another corporation and/or trust. It's not a conspiracy. It's smart business. And it takes a lot of work. Enough work that 1 man would be pretty busy with Trump and Hannity as his clients.