Debts piling up in Husani’s wake [South Florida]
Michael Tringali is having trouble making payments on the massive real estate-related debt he accumulated with help from his former partner, Neil Mohamed Husani.
The 44-year-old developer and home builder missed several installments on a $7.3 million loan from Clearwater-based Mercantile Bank and a $4.9 million loan from Bradenton’s Coast Bank, prompting both lenders to start foreclosing.
Mercantile is going after a 158-acre tract off Fruitville Road in eastern Sarasota County, while Coast Bank’s target is 254 acres near Myakka City.