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New Owners for The Cliffs Developments

Posted by TalkRealEstate on June 20, 2013
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The weight of the Great Recession crushed The Cliffs, the string of luxury real estate communities that Jim Anthony created in the Upstate and western North Carolina.

As lot sales plunged, the company couldn’t pay its bills.

Its many lenders began seizing the property that had been used as collateral for their loans.

Eventually, Anthony turned to bankruptcy court for shelter. Ultimately, he lost control, and his portfolio broke into pieces.

Nearly five years after the recession hit, a trio of out-of-state companies has re-assembled many of the pieces of Anthony’s former empire under a new venture called Silver Sun Partners.

To Read Full Article from the Greenville Times, CLICK HERE.