Chapter 7 - Evelyn’s investment
My mother had committed:
$2.6 million.
A large amount.
But she was wealthy independently.
My late father left her assets.
She had her own investment portfolio.
The problem was leverage.
Evelyn had also persuaded several friends to invest.
Then Crescent Harbor lost a major lender.
Without replacement capital, the sponsor risked defaulting on the land loan.
My mother faced losing most of her investment.
Worse:
The people she brought into the project could lose theirs.
May you like
So she decided the project needed something powerful enough to reassure new investors.
My name.
