Word: parcelling
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Dates: during 1990-1999
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...Madison loan, Ward would earn a 10% commission on the sales, whether or not he generated the sales. The Castle Grande acquisition and sales were described in a Federal Government report as "a series of flips and fictitious sales," shams intended to disguise Madison Financial's control of the parcel...
...little risk. He had a half-dozen real estate developments under way, and he needed an outlet for the growing cash flow they were generating. In any event, McDougal didn't expect to own the property for very long. Even as he reached an agreement to list the parcel, he told Wade to divide it up and sell the individual pieces. Wade was able to sell all of them by the time McDougal closed on his own purchase, netting McDougal a handsome profit without ever having put his capital at risk...
...Take a look at this," Wade said when the McDougals arrived in Flippin after the three-hour drive from Little Rock. A group of local businesspeople, shareholders of the 101 Development Corp., had just listed a parcel of 230 acres along the White River, about a 20-minute drive from Flippin. The group had bought the property after the prior owner had fallen into bankruptcy. McDougal was intrigued, especially because the acreage had a lot of frontage on the White River. The river descends through the rugged terrain of north-central Arkansas and has stretches of white water, making...
...standards, a $200,000 loan was a big deal. Burge was also concerned that the small bank had too many loans outstanding in this single area around the White River, since the bank had also financed some of the 101 Development Corp.'s purchase of the larger parcel from which the 230 acres were being carved...
...chief competitors. We are proud of our 300,000 employees and will go to great lengths to create a safe work environment for our people. We also stand firmly behind our position that OSHA is sorely in need of reform. KENT C. NELSON, Chairman and CEO United Parcel Service Atlanta