Bridgecorp unclear about lost interest

Bridgecorp cannot say how much interest it has foregone on failed loans to Westpoint used to part finance the Bayshore apartment complex in Port Melbourne. Bridgecorp, together with Hanover, had to tip in more capital to complete the development, with settlement due soon on each unit. Thanks to an ASIC freeze on past prospectuses for Bridgecorp debentures, Bridgecorp is dependent on loan repayments to redeem debentures.

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