Another bank is foreclosing on some of developer Justin French’s property, and it could leave the tax credit investor in the lurch.
Markel Corporation
Markel Corp. breaks silence on French
The Markel Corporation said in its first public statements about its involvement with Justin French that it made a mistake in doing business with him. “We didn’t do a very good job of vetting him,” company chairman and chief executive Alan Kirshner said in an article published in this month’s Virginia Business magazine. “We made… Read more »
French’s bills pile up
A dispute between a Richmond developer and one of his investors has left several local contractors in the lurch, and at least one has already sued.
‘Strategic’ default?
One of the most active developers in the City of Richmond is letting some of his property go into foreclosure so that he can expel an investor and renegotiate his loans with his bank. That investor happens to be one of the biggest companies in Richmond.