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- Airline bailout is 25B. 70% is free (grants), the other 30% has to be paid back (loans). They’re not allowed to lay people off (and collect unemployment) until September.
- Robinhood issued credits for the platform outage 5 weeks ago (I submitted a ticket since it impacted trade timing).
- They gave me $3.26 hahaha.
- NoSQL Weekly is being rebranded to Programmer Weekly to include more content, since they hadn’t sent one out in a longggg time.
- Housing.
- Co-ops usually close in 75-90 days from contract signing. Lender issues a commitment letter first, which can take up to 45 days. Then the full package gets submitted to the board for review, interview, which can take up to a monthly (they usually have meetings on a monthly cycle). Then buyer/seller each usually have a month to finalize anything they need to.
- Signed the contract from my end. Partial execution. Let Roger and Jay know.
- Added the account to wire money to (always a checking account). Sent over the 10%, NY obligation to include with the partially executed contract. $30 fee for same-day wire with BoA.
- Limits for wire transfers are usually 100k per day per individual.
- Full execution. We’re in business!
- I have 45 days to obtain the commitment letter from BoA. I have prepped Roger already with all the underwriting prerequisites, so I hope to get it early.
- Before locking in a rate, I need to make sure Jay approves since it typically expires within 60 days and closing can extend.
- After we get the loan commitment letter, we have 5 days to submit the package to the board. I sent an email to Peter so that we can begin working on this.
- That’s all I’m really tracking right now: (1) get commitment letter and lock in rate (ask Jay first to ensure 60 days) and (2) board package.
- Sent out Eric birthday zoom link for everyone tomorrow night.
