Seven business people are being sued for €16.3 million over unpaid loans made to a partnership to develop a property in Dalkey, Co Dublin. Zurich Bank claims the property is now worth no more than €3.5 million.
Read this news article on Irishtimes.com.
*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.