Chapter 1055: 361, Rockefeller Family Suddenly Enters

“Haha…”

Donnie’s hearty laughter came through the phone, making Paul Warburg doubt Donnie’s health condition again.

Donnie, who could laugh like that, really didn’t seem like someone critically ill!

“Paul, even if I wanted to agree with you on this matter, do you have enough funds to buy it?”

Indeed, Paul Warburg had previously sold shares of Warburg Company, converting them into 333 million US Dollars in cash, but don’t forget, Paul Warburg then used 300 million US Dollars to buy Warburg Company’s land in Florida, valued at 500 million US Dollars at the time.

This means that, given the situation then, Paul Warburg effectively had only 33 million US Dollars, and he used this 33 million US Dollars to establish New Warburg Company.

But it must be said that Paul Warburg’s ability allowed him to use this 33 million US Dollars, through a snowballing method, to grow it to nearly 1 billion US Dollars during this period.

Don’t think this capital is exaggerated; first, the 500 million US Dollar land in Paul Warburg’s hands was real and completely owned by him, so he could indeed use this land as collateral to obtain more funds from the bank.

Comparing land prices then and now, the 500 million US Dollar land had already increased to 920 million US Dollars!

This was the core asset of New Warburg Company.

But all this was immovable property; since Paul Warburg wanted to acquire the land under Venus Bank, he needed cash!

“Block, if possible, we hope to secure a loan from Venus Bank; since you’re unwilling to sell the land in Florida, you surely know the value of this land!”

Paul Warburg was not angered by Donnie’s laughter because obtaining a loan to purchase land from Venus Bank in Florida was most beneficial to Paul Warburg’s interests!

Donnie rejected Paul Warburg over the phone: “Mr. Warburg, there’s no way I can agree to this matter; indeed, I’m against selling the Florida land, but if I can’t accept Cafe’s new investment plan, do you think I would approve his application to sell the Florida land?

Therefore, Venus Bank has a huge expenditure coming up, and to ensure the financial health of Venus Bank and Breton Bank, I cannot agree to your condition!”

Donnie’s words did not make Paul Warburg doubtful; instead, they strengthened the idea that Venus Bank’s intention to sell Florida land was unrelated to him!

Because according to Donnie’s previous strategy of collaborating with Morgan, Mellon, and Chase to acquire Warburg Company, Donnie surely wanted to capture some evidence against New Warburg Company.

As for draining funds, traces could still be followed.

But if he wanted to drain New Warburg Company’s cash, there was no need for such a large amount of Florida land!

“Could it be that our relationship doesn’t allow it either?” Since it was certain Donnie wasn’t targeting him, Paul Warburg was even more eager to get a loan from Venus Bank!

Donnie again refused: “Mr. Warburg, firstly, I am not leading this operation; since I have delegated responsibility to Cafe Jackson, I must respect his decision. Secondly, if I make an exception for you, then what should I do when other friends come to me?”

At this point, Donnie paused before continuing: “If Mr. Warburg, you really want the Florida land, there’s no need to buy it all; you can purchase a part within your capacity!

After all, Venus Bank doesn’t intend to sell it all at once!”

Paul Warburg pondered for a moment; he never expected to buy all of Venus Bank’s land in Florida, but he was interested in those plots located in prime areas.

Most of which were properties in Miami.

But these plots were also the most expensive, meaning even at a minimum, the value of these lands was in the high hundreds of millions of US Dollars, which Paul Warburg still couldn’t afford!

No matter how much Paul Warburg tried to persuade, Donnie did not agree to provide a loan for Paul Warburg’s New Warburg Company!

Donnie wasn’t worried that Paul Warburg would give up his idea of acquiring Venus Bank’s land in Florida because of these matters.

Firstly, the real estate market in Florida did not experience a continuous price drop when Venus Bank announced the sale of Florida land; there was only some reaction at the time. Currently, Florida land prices are steadfastly rising.

This has resulted in countless capitals continuing to flood into Florida’s real estate industry.

Thus, selling the land in Florida by Venus Bank was not a difficult thing; it belonged to a seller’s market!

Secondly, although Paul Warburg lost the battle for Warburg Company’s acquisition, he still gained some benefits, to the extent that New Warburg Company’s assets are now almost catching up with the Kuhn, Loeb & Co. consortium!

This kind of performance naturally maintained Paul Warburg’s status in the United States banking industry, so in light of the first condition, Paul Warburg still had no problem gathering a large amount of capital!