In 2007, Jay-Z took a $52 million loan from Highland to buy a Manhattan hotel, to be called the ‘J Hotel.’ The notes matured in August and defaulted, and now Jay-Z is losing about $20,000 in daily interest. And now he’s pissed off. According to a complaint filed yesterday, Jay-Z is accusing Highland Capital of trying “to bleed additional funds” from him. Mr. Z is seeking $3.7 million in damages.
Highland and NexBank acted in bad faith when they declined to clear Carter and his fellow guarantors of their obligations after receiving a deed in lieu of foreclosure on the property, according to the complaint.
Here Are Some Thoughts On Men And Wall Street
Jerk Running Ferry To Fire Island Not Up On The Celebs Of Financial Reform
Leave the real estate hotel business to the professionals. You don’t see Barry Sternlicht rapping, do you?
@gherkin tsk, tsk.
black-on-black crime: there is a black analyst named jamal working for Highland
I thought I had $52 million in my bitch fund.
~E. Woods
Revealing All, GA.
It’s the hard knock life, for us
It’s the hard knock life, for us!!
Steada Treated,we get tricked
Steada kisses, we get kicked
It’s the hard knock life!!
From standin on the corners boppin
to drivin some of the worst real estate deals New York has ever seen
For droppin some of the hottest bad faith accusations rap has ever heard…
I know a certain dealbreaker attorney turned investment wizard that could probably offer Mr. Carter a low interest loan from one of her (Ballin!) high performance funds.
Yo -
Highland Capital peeps. Take my word for it. Don’t mess with these guys.
Vanilla Ice
Yo yo yo, I fucked up and made a bad investment, but I don’t want to pay you back you money…instead you’re gonna pay me money. I’m Jay-Z bitch, I do what I want.
Gi mah moneh im fin’d da go!
gherkster, i didnt even do anything this time.
Censorship. I see what you did there.
not cool
Wow, we’re all so very white.
Looks like Wu Tang Financial failed to diversify the bonds.
These streets will make you feel brand new,
The lights will inspire you,
Lets here it for New York, New York, New York
yeah, yeah, yeah, just pay up, bitch!
These streets will make you feel brand new,
The lights will inspire you,
Lets here it for New York, New York, New York
yeah, yeah, yeah, just pay up, bitch!
These streets will make you feel brand new,
The lights will inspire you,
Lets here it for New York, New York, New York
yeah, yeah, yeah, just pay up, bitch!
@ 14,15,16 … You’ve heard that song too? I thought I was the only one!
There you all go again, blaming it on the Black Man, just like you sons of bitches! I mean come on, please, just because Obama is failing, don’t mean ya have to blame all the black folks.
Yes Sirrr!
J
@18: Don’t make me come round a bust a cap in yo skinny white azz.
- Mom
Lesson to Successful and Rich Afro-Americans.
Make your money. Move it offshore. Never bring it back.
If you don’t, “The man” and “members of the the tribe” will find a way to disposess you of it sooner or later.
Lesson to Successful and Rich African Americans.
Make your nmoney. Move it offshore. Never bring it back to “reinvest”.
If you don’t, “The Man” and “members of the tribe” will find a way to disposess you of your wealth one way or the other.
I suggest he start litigation proceedings against his tailor.
I got 99 problems and this hotel is one…