Someone had a 'mare when negotiating a contract, but considering the size of the loan and the lack of interest from mainstream banks, Moshiri might not have had much choice at the time.
That gives BK a lot more credit than he probably deserves. More likely the reason for diverting funds through the Bahamas is to conceal money laundering, sportswashing or some other species of shady creature behind some/all of the financing. Could be Uncle Uzi for all we know, though one would think law enforcement would have been crawling all over that on mere suspicion.