....well....to answer the question....where did the 31-million go....here is reportedly where one 12-million dollar chunk of it went....
Financed with a 12-million dollar construction loan from Financial Resources Management of Meredith, NH..... After... " nearly four years since construction began at Abbott Village, the luxury condo developement on North State Street, Concord NH, that has no residents, no prospective buyers and no promise of swift rebound from a stagnant housing market......"
article by Daniel Barrick,
www.concordmonitor.com, Sunday Nov 29
....this article does not sound too encouraging for the FRM investors looking to get their money back..
31-12=19-mil....so what happened with the rest of the money? So, what's the big boss driv'n for a car.....probably not a Geo Tracker
?
........
...some of the comments from the Concord Monitor email peanut gallery...
"The guy made a bad business decision thinking that some of that Massachusetts money would be spent on property NOT on a lake." by DZ
"Who would spend 500,000 on any property with the view across North State Street?" by littlecitygirl