Montrose Mortgage asking $1.6 million for 18 units at golf condo…auction marks latest financial problem for Moncton golf course as clubhouse put into receivership in June…

(Source: CBC News)

A Manitoba-based mortgage company is selling its remaining shares in a condominium project at Moncton’s Royal Oaks Golf course at a special auction.

Montrose Mortgage will be asking for at least $1.6 million for the 18 units at the condominium project that sits on the golf course during the Friday morning auction at city hall.

This is a separate company from the one that put the golf course and its clubhouse into receivership in June.

Read the full article “Special auction held for course condos” at CBC News (Oct 16, 2009).

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