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Repayments on the Sainsbury's loan work out at £691 a month over five years.
They also handle the loan work themselves from the moment buyers walk into their banks.
The lawsuit would show that NovaStar had inflated their monthly income by $500 to make the loan work.
"If a loan came from a top loan officer, they didn't care what the situation was, you had to make that loan work," she says.
"She told me, 'This broker has closed over $1 million with us and there is no reason you cannot make this loan work,' " Ms. Cooper says.
Ms. Shore said she was not aware of any artist who declined a commission because of politics, but some previously did not want to loan work because of opposition to the policies of the Bush administration.
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The loan works are not for sale.
A $15 fee for a $100 two-week loan works out at a 390% annual rate.
The adjustable-rate payment-relief loan works in a similar fashion.
I, too, can bristle when museums loan works to exhibitions that also feature art for sale.
Alongside the couple's own works, collectors from around the world are invited to loan works to the space (hence the "Friends" concept).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com