This does provide an amusing mental image of some theoretical commercial real estate person who specializes in distressed properties, not specifically this auction, but showing up to some "auction on the courthouse steps" type thing with an actual Pelican case crammed full of USD 100 notes. I wonder what's the largest recent real estate transaction that's been done actually in cash. I imagine it would raise a few KYC red flags and reporting requirements, of course.
In practical terms of course we all know that "cash" payment really means "ability to execute a SWIFT transfer for the funds within one business day".
In practical terms of course we all know that "cash" payment really means "ability to execute a SWIFT transfer for the funds within one business day".