Tides Equities Risks Investor Losses in Pursuit of $69M Preferred Equity Across 30 Deals

Adam Deermount@ADeermount

2 years ago

So I've got good news and bad news for Tides investors. The "good" news is that they aren't going to get the $69m of pref equity that would wipe out 88% of their equity. The bad news is that the investors will still get zeroed out. https://t.co/2cjtVOmmwO

Adam Deermount@ADeermount

2 years ago

I've got good news and bad news for Tides investors. The "good" news is that they aren't going to get the $69m of pref equity. The bad news is that the investors will still get zeroed out. https://t.co/2cjtVOmmwO

The Wolf Of Real Estate@TheWolfofREI

2 years ago

If Tides does end up getting the $69 million in preferred equity, original investors will lose on average 88% of their investment across the 30 deals they need to shore up. Terrible. https://t.co/fb4Zv0dABf