According to The Block, McCaffrey received three loans for a total of $43 million from 2021 through this year. The first loan was for $12 million in 2021 to buy out other investors in the media company, at which time McCaffrey took over as CEO. The second was for $15 million in January to fund day-to-day operations, while the third was for $16 million earlier this year for McCaffrey to purchase personal real estate in the Bahamas, according to The Block.
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