I received word from Paul last night and the following is set to occur:
The Chicago group that is set to advance the initial $50M went well yesterday and are in the process to transfer funds to me for the benefit of the projects as expeditiously as possible.
The BG is in the hands of the bankers who are ready to advance $100M to RCM this next week.
In other words, RCM has 2 routes by which to fund the 4 projects, the $50M from Chicago (which will take care of Heights, Amendola, Terry and some of Dobbins) and/or the $100M advance. Paul has been very forthcoming with responding to my emails, speaking to me via phone, etc. and seems extremely confident that one or both of these avenues will hit next week or sooner (although that is doubtful because of the holiday weekend).
That’s all I know, so I suggest all give them next week to make good on this.
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