The troubled Bendemeer transaction: $39m Strategic Finance loan frustrates receivers
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One of the many difficult loans the receivers for Strategic Finance are trying to recover is tied up in a large subdivision in the Queenstown area near Lake Hayes.
Strategic has been the main lender for the subdivision at Bendemeer since South Island developers Richmond Paynter and Ross
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Duncan Bridgeman
Fri, 25 Feb 2011
Fri, 25 Feb 2011
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The troubled Bendemeer transaction: $39m Strategic Finance loan frustrates receivers
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