: We all remember the episode of RHOA where Cynthia loaned now husband Peter Thomas over 50k for his new investmentafter his failing previous endeavors. Well MediaTakeOut.com learned that Cynthia Bailey and Peter Thomas Restaurant in Atlanta is in foreclosure
Extremely RELIABLE sources have confirmed that on September 3, 2013 both properties will go up for auction on the steps of Fulton County.
The Realty Company is called Closing Deals LLC The broker (Juel McGhee) personally has it listed and it is listed as a short sale.
Dumb story.....I'll still smash dat joynt doe...smh
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Don't come here often, but each time I do I seem to get a larger dose of dumb and dumber. Where does it state that Bailey or Thomas own the property? It is a commercial property listed at $1.6M (the mortgage holder probably paid more for it), I doubt Peter purchased it back then when they allegedly had all those financial troubles. Bar One is obviously the tenant, not the owner. Who knows, if their finances are better now maybe they will buy it at auction and become the owners.
Once again, MTO wins the award for investigative journalism... not!
So he blew the first capital in a bad investment, then he jams her up for 50k more so that he can invest that into a restaurant of all g/o/d/ damn things. Who is his advisor Donald trump. I understand a franchise but a start up restaurant in this economy is madness. Whoever is telling him he's a genius and to keep going needs to stop.
Doing a little research of my own I found out Fulton County tax records list the owner as Horizon Restaurant Consultants Inc. from what they have listed there have been no payment of taxes since 2009. Also another website listed annual sales of HRC, Inc. $60 thousand dollars, not very much at all. That's just on five minutes of research MTO something you could have done.
I wasn't able to find out who was the owner of HRC, Inc. but it is privately held and with the poor sales report (that's if sales are not being under reported), it screams a certain person (PT) but that can't be said as fact w/o definitive proof.
I'm not surprised these broads broke. U wanna know who is not broke? George freakin Zimmerman! He made money off of killin black folks and it pissed me off so bad I wrote a song about it! Watch the vid and fight the power