Last week we reported on the situation at the Belize Bank where nine entities owe a significant portfolio of some 482.7M dollars as of December 2009. While we’ve reported on one such entity there are eight others and this week, the Guardian was facilitated with the portfolio of yet another of those entities.
The Seferino Paz Jr. Group is yet another of those loans that is bordering close to being in default if they are not already in default. His portfolio has 17loans amounting to $25,276,855.85; of that, as of December of last year, the amount owing was $23,291,269.13. The loans are spread over those given to Seferino Paz Jr. himself and others given to Sea Breeze Co. Ltd, and the Villas at Banyan Bay. By and large, the largest loan holder is the Sea Breeze with over 19 million dollars in loans; these have been deemed, ‘non-productive’.
There is also loans given to Grand Colony Island Villas Ltd. and Clara and Clarita Paz amounting to some $21,551,961.79; of that, there is an outstanding debt of $20,662,880.46. Of these loans, over 19.7 million dollars are attributed to the Grand Colony Island Villas.
Both these loans combined add up to a significant just under 44 million dollars. Â
