system
A chat on subreddit /r/wallstreetbets
human
This looks from the description to be an equity investment in a REIT and not a loan?
gpt
They basically created a preferred class of investor with an 11.25% dividend, just for the university. The fact that they could do this without a vote of existing investors and without giving other investors the option to withdraw their money is shocking though, as those investors are getting their interests subordinated.