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 Banks seek $850m from developers of high-rise complex

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Honeylu
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PostSubject: Banks seek $850m from developers of high-rise complex   Fri Apr 25, 2014 11:14 pm

“PNM TAKE CARE OF ITS OWN”
Was this the reason why Orville London give the Rahael family the $320 Million MILSHIRV Contract?

CIBC First Caribbean and RBC Royal Bank are threatening to appoint a receiver as they try to recover debts of $850 million owed to them for the construction of the luxury, high-rise apartment complex, known as the Shorelands Renaissance.

The development company is 50 per cent owned by members of the Rahael family, and 25 per cent each by property developers Jeffrey Guillen and Richard Woodruff.


http://www.guardian.co.tt/news/2012-07-23/banks-seek-850m-developers-high-rise-complex
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