Post Tagged with: "Bridging Finance Inc"

Q4 2021: Contracts, Cruise and Cabot

Q4 2021: Contracts, Cruise and Cabot

December 15, 2021 at 11:51 am

The last three months of 2021 found me, as always, following CBRM happenings — particularly around waterfront development and cruise news — but also looking further afield at stories with local angles or implications. In particular, I got interested in how some Saint Lucians were responding to the arrival ofRead More

Fast & Curious: Short Takes on Random Things

Fast & Curious: Short Takes on Random Things

July 28, 2021 at 2:04 pm

Bridging Update In case you’re wondering what’s happening with Bridging Finance Inc (BFI), the private debt firm that lent Membertou First Nation $6.8 million to buy a stake in Albert Barbusci’s Novaporte container terminal project, here’s the latest: David Sharpe, the founder and former CEO of BFI, who was firedRead More

Bridging Finance: Making Transportation History?

Bridging Finance: Making Transportation History?

July 14, 2021 at 12:49 pm

As you may recall, the Spectator reported some weeks ago on the local implications of the scandal rocking Toronto-based private debt firm Bridging Finance Inc (BFI); namely, that Membertou First Nation borrowed $6.8 million from Bridging to finance its purchase of a stake in Novaporte, Albert Barbusci’s imaginary Sydney harborRead More

Fast & Curious: Short Takes on Random Things

Fast & Curious: Short Takes on Random Things

June 25, 2021 at 11:30 am

Tax Sales If the list of 104 properties — including 38 buildingsĀ  — up for tax sale in the CBRM has you wondering why CBRM doesn’t look into sourcing government funding for affordable housing and refurbishing some of them, you are not alone. I have long wondered about this too.Read More

Membertou Borrowed $6.8M from Bridging Finance for Novaporte Stake

Membertou Borrowed $6.8M from Bridging Finance for Novaporte Stake

June 23, 2021 at 12:21 pm

Membertou Chief Terry Paul, whose band borrowed $6.8 million from Toronto-based private lender Bridging Finance Inc to finance an investment in a proposed Sydney container terminal, says he is not concerned about the arrangement despite Bridging having been placed in receivership on April 30 amid allegations of fraud and misappropriationRead More

Fast & Curious: Short Takes on Random Things

Fast & Curious: Short Takes on Random Things

June 18, 2021 at 11:15 am

Mary Makes a Meme How it started:     How it’s going:   On the bright side, having let it it sit empty for two years (and catch fire once), the entrepreneurs who bought the building for $225,000 are hoping to sell it for $399,000.   Mary Makes Another MemeRead More