Is there any update on Aquatera? Site looks like it is wasting away in the sun. Website still up, but no correspondence returned.
thanks
![dunno :dunno: :dunno:](/forum/styles/default/xenforo/smilies/idontno.gif)
thanks
Is there any update on Aquatera? Site looks like it is wasting away in the sun. Website still up, but no correspondence returned.![]()
thanks
Johnny Earles, the real estate broker for the development ran away from that one after talk of FBI investigations were brought up for possible fraud in this development between the developer and the lender or appraiser. This was only the talk around town, and I do not know how true it is, but this came about shortly after the grand reception kicking off the project. Almost immediately, everything halted.Is there any update on Aquatera? Site looks like it is wasting away in the sun. Website still up, but no correspondence returned.![]()
thanks
The property would make a nice acquisition by Alys Beach.
Maybe that is the reason for the fraud.I think they tried to get it when it was for sale a few years ago. Unless they can get it at a forclosure sale, I believe they'll pass. What did the Aquatera people pay? Around 61 MILLION if I remember correctly.
And what a kick off party it was!!!!Johnny Earles, the real estate broker for the development ran away from that one after talk of FBI investigations were brought up for possible fraud in this development between the developer and the lender or appraiser. This was only the talk around town, and I do not know how true it is, but this came about shortly after the grand reception kicking off the project. Almost immediately, everything halted.
The property would make a nice acquisition by Alys Beach.
Johnny Earles, the real estate broker for the development ran away from that one after talk of FBI investigations were brought up for possible fraud in this development between the developer and the lender or appraiser. This was only the talk around town, and I do not know how true it is, but this came about shortly after the grand reception kicking off the project. Almost immediately, everything halted.
The property would make a nice acquisition by Alys Beach.
I think they tried to get it when it was for sale a few years ago. Unless they can get it at a forclosure sale, I believe they'll pass. What did the Aquatera people pay? Around 61 MILLION if I remember correctly.
I wonder if the loan was for $61 million.Maybe that is the reason for the fraud.
edit: just checked, they paid 24.5 million for that property
that seems to be about the gist of it. chain across the entrance, mobile home looks loose from it's moorings, and 'agent on duty' sign long gone.
I wonder if the loan was for $61 million.![]()