Colony questions Ronan Group’s $ 189 million loan with new status

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Colony Capital, an American investment group, has placed a loan it made to Johnny Ronan’s Waterfront project in “non-accounting status” due to the impact of Covid-19 and delays.

The US investor updated the status of the loan to Ronan Group, which is controlled by the leading developer, in its recent quarterly results.

Loans that are 90 days or more past due on principal or interest, or where there is a reasonable doubt that they will be collected on time, may be considered non-performing and placed in arrears. .


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