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Bama Bayou (BB LLC. (ED Incentives, Development Agreements, Permits,…
Bama Bayou
BB LLC.
ED Incentives
Development Agreements
Permits
Construction Drawings
Entitlements
Land & Assets
Bama Development
$600,000 to Presidium
70%
Presidium
30%
CH
JB
RE Broker 3% of all property sales 50/50
SR
Put in $3.7mm
Bama Newco
$6mm in Equity
Put in $20mm
Give Canceled Not
Owners
2005 to 2008
Guarantees from Owners to Senior Lender
Senior Lender ( 5 Participants)
Notes from Senior Lender to Bama Newco Guarantee Loan