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The Real Estalker is reporting that supermarket magnate Ron Burkle has stepped in to buy his pal Michael Jackson a few more precious moments to help find new financing for his $23,000,000 loan on Neverland Ranch.
From Real Estalker:
As for the once beloved Neverland Ranch, well, Mister Friedman’s sources whispered to him that supermarket magnate Ron Burkle might have intervened and convinced the fine folks at Fortress (Mister Jackson’s eager to be paid creditor on the $23,000,000 loan secured by Neverland Ranch) to provide an extension which would allow Mister Jackson to scramble a while longer looking for someone, anyone, to step in and help him refinance the debt.
It must be nice to have friends in the right places; but I have to say if I were Fotress I’d give him some extra time too. Do I really want to deal with Neverland Ranch as REO? Who’s going to feed the animals? What a nightmare.
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