
News
Belgrave down
Wednesday 28th of May 2008
Belgrave is one of the smaller finance companies, owing investors $22 million. Its lending was mainly "mezzanine in nature, with many loans being secured by land with development potential."Managing director Shane Buckley and director Steve Smith say, in an open letter to clients, that the company has been "been affected by the current property market downturn and the inability of developers...
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