"You could not get a mortgage on your house with the information that has been provided about Lot J," he said.
Tarik Bateh, a senior director with JLL Capital Markets, is giving a presentation about his thoughts on Lot J. He said there are 4 major and fundamental red flags about the project, but they can all be fixed with "basic and standard" business and governance practices.
"You could not get a mortgage on your house with the information that has been provided about Lot J," he said.
"This ensures skin in the game," he said.
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