Wellington Phoenix Men

Terry and his money (aka gone...or not..)

406 replies · 41,982 views
over 6 years ago

I mean this is just fantastic:

"Ryan alleges he was held in a headlock by Alliki while Terry punched him."  Terry will do what he always do, find another bottom of the barrel lender to refinance and kick the can down the road.

Normo's coming home

over 6 years ago

It's kind of amazing that he still keeps finding people who will lend him significant sums given his history, is he really that much of a sweet talker or is there something more to it?

over 6 years ago

el grapadura wrote:

It's kind of amazing that he still keeps finding people who will lend him significant sums given his history, is he really that much of a sweet talker or is there something more to it?

$$.  The reality is there is a huge amount of money to be made as a lender of last resort - it's a high risk, high reward business.  It's not uncommon for those types of lenders to have a 30% + IRR (internal rate of return).  Lots of these types of projects do stack up, it's just that the banks and other lenders get tired of the delays or it's outside their risk profile. Half of developers in this space will have been bankrupt so Terry isn't an outlier here. He's actually got a history of successful deals, which is unlike a lot of other developers...

Normo's coming home

over 6 years ago

el grapadura wrote:

It's kind of amazing that he still keeps finding people who will lend him significant sums given his history, is he really that much of a sweet talker or is there something more to it?

Con artists who are good enough to con people like this always end up conning themselves in the end. Hence Terry being sure that WGA was going to come through.


Ramming liberal dribble down your throat since 2009
This forum needs less angst and more Kate Bush threads



over 6 years ago

james dean wrote:

el grapadura wrote:

It's kind of amazing that he still keeps finding people who will lend him significant sums given his history, is he really that much of a sweet talker or is there something more to it?

Terry isn't an outlier here. He's actually got a history of successful deals, which is unlike a lot of other developers...

There are a heap of sub contractors who would argue that even the supposed "successful deals" have oniy be so for him

GET YOUR SHIRTS OFF FOR THE BOYS

over 6 years ago

ballane wrote:

james dean wrote:

el grapadura wrote:

It's kind of amazing that he still keeps finding people who will lend him significant sums given his history, is he really that much of a sweet talker or is there something more to it?

Terry isn't an outlier here. He's actually got a history of successful deals, which is unlike a lot of other developers...

There are a heap of sub contractors who would argue that even the supposed "successful deals" have oniy be so for him

Yep hence my comment that there won't be a lot of people feeling sorry for either him or his mother.  Terry is a crook pure and simple

Normo's coming home