Tringali lenders acting on his debts [South Florida]
Three more banks have foreclosed on property or forced him to sell.
The house of cards that Neil Mohamad Husani and Michael Tringali built during the height of the real estate boom has finally been flattened.
Three more banks that lent Tringali $28.5 million between June 2005 and March 2006 have either foreclosed on the underlying property or forced the 45-year-old businessman to sell to more credit-worthy developers.
One of the properties that changed hands is a parcel on Tamiami Trail in the heart of downtown Sarasota where Tringali, Husani and a third partner, Robert Martin, had planned to build a $125 million condo tower.