Usher Sues Longtime Music Collaborator Bryan Michael Cox Over Buckhead Restaurant Loan, Seeking 4.9 Mill In Damages
- Thread starter Big Boss
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Kiyoshi-Dono
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- Petty Vandross.. fukk Yall
Seven: this rule is so underrated
Keep your family and business completely separated
Money and blood don't mix like two dikks and no bytch
Find yourself in serious shyt
Keep your family and business completely separated
Money and blood don't mix like two dikks and no bytch
Find yourself in serious shyt
You got it, you got it bad…
"I'm ready to sign them papers....papers.....papers"
African Peasant
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Dumb
Unless they had the entire $1.7 earmarked for the property purchase closing I don’t see how Usher has any standing to sue for the balance of the loan.
I went into PACER to download the complaint and tbh this was an informal deal (no contract just emails and the wire transfer) and according to Usher it was supposed to be a bridge loan and once they purchased the property and refinanced he would be paid back plus interest.
Restaurant real estate deals almost always take a long time to close because you’re dealing with financing (sometimes international) and local and state administration, health department codes, etc. They fall apart all the time. They needed almost $7 million that was going to be tough no matter what.
They probably had to borrow from Peter to pay Usher the $1 million because you’re paying tons of lawyers and consultants to get a deal done. Not to mention salaries and benefits for the group’s employees.
I also doubt Usher is the only one who lost money.
I went into PACER to download the complaint and tbh this was an informal deal (no contract just emails and the wire transfer) and according to Usher it was supposed to be a bridge loan and once they purchased the property and refinanced he would be paid back plus interest.
Restaurant real estate deals almost always take a long time to close because you’re dealing with financing (sometimes international) and local and state administration, health department codes, etc. They fall apart all the time. They needed almost $7 million that was going to be tough no matter what.
They probably had to borrow from Peter to pay Usher the $1 million because you’re paying tons of lawyers and consultants to get a deal done. Not to mention salaries and benefits for the group’s employees.
I also doubt Usher is the only one who lost money.
ucanthandlethetruth
Failure is not a option
Ursher wildin, business is business I wouldn't even do a trust me bro deal wit my momma
. My fam just Booked dude for a RnB party over the summer That was my first time meeting him he seemed to be a solid brother, the business went flawless and his set was crazy. Hope this gets resolved.
. My fam just Booked dude for a RnB party over the summer That was my first time meeting him he seemed to be a solid brother, the business went flawless and his set was crazy. Hope this gets resolved.