Local Developer folds - Barclay's North

[deejayoh]

Story in the Times


Here's a link to a site that has some of their local projects.

http://www.barclaysnorth.com/land_development.htm

effing html won't work on that link. I give up

(fixed it - LHR)

[jillayne]

The Everett Herald did a big spread on Barclays a couple of months ago. We should ponder which local bank is going to have to eat the losses on BN's construction loans.

Here, the banks are all named in this article

http://seattletimes.nwsource.com/html/b ... ays24.html

Frontier
Shoreline
Cascade
First Sound
and Banner Bank.

Also watch for this to have some effect on local title insurance companies which would be on the hook for any mechanics liens.