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Loan Modification
: Mortgage Lender Implode-o-MeterAbu Dhabi Feels Dubai Chill as Emirate Accepts Money Is Scarcer
By Implode-Explode Heavy Industries
Times have changed for the Alimad Engineering and Contracting Company in Abu Dhabi.
Two years ago, the developer was building everything from 20-story glass towers to luxury villas. It?s now shelving projects, the latest a $12 million contract with a client who has $2 million and the banks won?t give him any more money, said Ziad Ali, whose father founded the company 20 years ago.
Full post as published by Mortgage Lender Implode-o-Meter on July 27, 2010 (boomark / email).
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