CEO of Cardone Capitol To Team: “Immediately Discontinue All Underwriting on New York City Real Estate” In Wake of Insane Ruling in Trump Case
It begins. As predicted, one of the most successful private equity real estate firms has called for a cessation of business in New York.
Grant Cardone to Team: “Immediately Discontinue All Underwriting on New York City Real Estate”
By: Joey Solitro, Yahoo News, Feb 21, 2024:
Grant Cardone is less than pleased with the ruling against former Donald Trump, in which Trump has been ordered to pay $355 million in penalties plus interest. If Trump were to pay the full amount of the penalty today, it would cost him roughly $450 million.
In a post on X, formerly Twitter, Grant Cardone said, “Dear Cardone Capital team, Immediately discontinue ALL underwriting on New York City real estate. The risk outweigh the opportunities at this time. Recent political decisions will continue to deteriorate price and benefit states that don’t have these challenges. Focus on Texas & Florida.”
Cardone’s comments echo what Kevin O’Leary said in a recent interview, calling the decision to fine Trump “unjust,” “appalling,” and “Un-American.”
“That fact that he was found guilty, you might as well find guilty every real estate developer on Earth,” O’Leary said.
AUTHOR
Pamela Geller
RELATED ARTICLE: Insane Trump’s Penalty Will NY Businesses To Flee to FLA, as New York State Becomes ‘Legal Banana Republic’: Experts
POST ON X:
BREAKING REPORT: ⚠️ CEO of Cardone Capitol, Grant Cardone orders underwriters to " IMMEDIATELY DISCONTINUE ALL UNDERWRITING on New York City real estate following $355 MILLION Trump Judgement…
'The risk outweigh the opportunities at this time.'
Cardone Capital's portfolio… https://t.co/VferXGcP0F pic.twitter.com/luFNe5yRMb
— Chuck Callesto (@ChuckCallesto) February 20, 2024
EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.
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