In 2017, JPMorgan offered Leon a $300 million unsecured loan. A competing offer of a $200 million mortgage was made, but Leon preferred not to pay the mortgage recording tax. Bank of America Merrill Lynch secured the business with an unsecured loan and a negative pledge over properties and APO shares. Recently, there is an opportunity to expand the relationship with a small line of credit to an insurance company Leon acquired. Leon's family office is becoming similar to Apollo, with limited public equity trading.
documents/vol00010-efta01369986-pdf.pdf
{"key_people":["Leon"],"document_type":"correspondence","key_organizations":["JPMorgan","Bank of America Merrill Lynch","Apollo"]}