Builder defaults on payments linked to Fortress Real Developments collapse

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Since 2019 FAAN has been acting as Trustee for syndicated mortgage investors who are still owed money more than five years after Fortress RDI collapsed in 2018.Fred Lum/Globe and Mail

Richmond Hill, Ont.-based real

Country Garden, Chinese Real Estate Giant, to Miss Debt Payments

The embattled property developer Country Garden said on Tuesday that it was unable to repay a loan and expected to miss upcoming overseas debt payments as a result of plunging sales from China’s spiraling property crisis.

The announcement, made on