Update: The bird flew back with the Deed of Trust. Wonder what else it might bring?
Update 2: That little bird must have been flying all night!
Another DOT on second lot
Deed of Trust Securing Future Advances
Newbridge assigns the mortgage over on June 12 to a loan servicer
Bayview Short Sale Guide
Bayview Loan Servicing, LLC $88.4 Million Bailout
Newbridge also got 50 million in TARP money. Wow, who knew Robbie Perkins was a bankster too?
NewBridge Bancorp $52 Million Bailout
Robbie Perkins' Agent Profile looks as if it will need to be rewritten soon.
Update 3: The little bird flew back today while I was away. Seems he overheard the comments at EdCone.com where my own comments have been deleted because Ed doesn't want his readers to see the truth. The little bird chirped the following song:
2003 Perkins brokers FNB Corp Headquarters deal
2004 Perkins purchases home for $725,000
2005 Perkins joins FNB Southeast Board
2006 Perkins receives $1,200,000 loan on his property plus another $285,000 on the vacant lot beside it
fast forward to 2011
2011 In spite of financial difficulties and his divorce, Perkins runs for Mayor (why wouldn't he focus on his business and marriage?)
2012/June Newbridge/FNB assign Perkins loan to a special servicer Bayview
2012/Oct Perkins resigns from Newbridge board
2012/Nov It comes out that Perkins is proposing a short sale where he walks away from his obligations and doesn't have to pay back the banks the full amount (both of which have received significant TARP money), and avoids tax consequences. All while he has $14,000,000 in property and makes $500,000 per year.
That is crony capitalism at its best.
Update 4: Still believe the Mayor left the bank to spend more time with his family?
How much did Robbie Perkins get paid to sit on the bank board? In 2006 he was paid $35,600.oo. Not bad for a little part time gig.
Update 5: Welcome to the Office of The Whistleblower. The more who call, the faster the response. All you need do is tell them about this blog post.
Begin original post:
When Mayor Robbie Perkins left Newbridge Bank we all knew something was amiss. Nobody quits a gig that pays over $4000 for less than a week's work per year. We speculated that it might have to do with hundreds of thousands missing from Robme's Folly but that wasn't it. Then others said the problem was using his position on the board to borrow more money against his house than it is worth but I couldn't prove it. Then today, while I was away in Burlington a little bird dropped off the following message at my house. Sorry about the formatting, I'll try later to create a .pdf so it will be easier to read.
FNB SE is now called NewBridge Bank - may explain why he resigned. I think HPB is High Point Bank. Looks like he paid $725K for the St Andrews house then borrowed $1.2 mil later on it from Newbridge while he was on their board.
Address Tax ID Owner Owner address Deed Sale Date Purchase Price RPV DOT UCC Misc Misc 2
2407 Lawndale Drive 144-6-6 Greensboro Centers, LLC 101 W Friendly Ave Ste 601 GSO 6528-1829 5/12/06 155,000 90,000 6528-1831 5/10/06 BB&T $125,000.00 none
2417 Lawndale Drive 144-6-1 Greensboro Centers, LLC PO Box 9827 GSO 4662-1973 3/24/98 1,392,000 408,300 4869-819 corr 4910-222 6//99 BB&T $1,300,000 merger from Fernwood LLC 6017-10681/15/04 2 tracts
6016-2701 corr 6017-1106 1/15/04 Column Financial $7,900,000 6016-2788 4 tracts
2415-101 Lawndale Drive 144-6-3 Greensboro Centers LLC PO Box 9827 GSO 4662-1971 3/24/98 105,000 1,607,600 4869-819 corr 4910-222 6//99 BB&T $1,300,000 merger from Fernwood LLC 6017-10681/15/04 2 tracts
6016-2701 corr 6017-1106 1/15/04 Column Financial $7,900,000
5529-5559 W Market Street 387-2-44 Greensboro Centers LLC PO Box 9827 GSO 3466-1508 10/16/85 282,500 3,414,900 6016-2701 corr 6017-1106 1/15/04 Column Financial $7,900,000 6016-2788 merger from Hardin Mill Partners 1/15/04 4 tracts
1621-1623 Stanley Road 1-28-865-58 Greensboro Centers LLC PO Box 9827 GSO 4622-1841 12/15/97 ntc 1,273,000 6016-2701 corr 6017-1106 1/15/04 Column Financial $7,900,000 6016-2788 merger from Stanley Road LLC 1/15/04 4 tracts
1622 Stanley Road 1-28-865-20 Chesapeake Partners PO Box 9827 GSO 3516-1925 6/17/86 125,000 2,338,600 none none
1700-near Stanley Road 1-28-865-30 Chesapeake Partners PO Box 9827 GSO 3591-2099 6/5/87 15,000 242,000 none none
5701 W Market Street 387-2-39 Hardin Mill Partnership PO Box 9905 GSO 3466-1508 10/16/85 282,500 7,300 none none
6320 Inkberry Drive 5-303-C-145-11 Cornerstone Investments LLC PO Box 41039 Fredericksburg VA 6762-2363 7/26/07 ntc 105,400 none none not sure this is Perkins & co
1612 St Andrews Road 97-2-1 Robert V Perkins III and Carol D Perkins 1612 St Andrews Road 6082-3085 4/15/04 725,000 843,200 6573-4397/27/06 FNB SE $1,200,000 none 2 tracts
1610 St Andrews Road 97-2-2 Robert V Perkins III and Carol D Perkins 1612 St Andrews Road 6082-3085 4/15/04 250,000 6596-578 9/7/06 FNB SE $285,000 none 2 tracts
201 N Elm St Unit 906 Robert V Perkins III and Carol D Perkins 1612 St Andrews Road 7071-2051 10/30/09 270,500 not available 7071-2054 10/30/09 HPB Investment Corp $228,140 none
Personal Property Listing Piedmont Triad Commercial Properties LLC PO Box 9827 GSO 86,444
It's looking more and more like 2 seats are about to be available on the Greensboro City Council.