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Longtime Hells Angel loses court challenge over real estate loan

John Peter Bryce argued that home financing broker deceived him in regards to the worth of the Chilliwack property.

The longtime president of this East End Hells Angels has lost a court challenge over a good investment gone bad.

John Peter Bryce, 57, had argued that home financing broker deceived him concerning the worth of a Chilliwack property before he consented to loan money towards the owners for a second and third mortgage. Bryce advertised broker Allan Sadler had been skillfully negligent by providing him copies of varied appraisals this season and 2012 that most overestimated the worth for the tree farm that is 25-acre.

The home had been ultimately foreclosed upon, with Bryce losing $202,000 on his investment, he stated.

But B.C. Supreme Court Justice Gordon Weatherill rejected Bryce’s declare that his losings had been the fault of Sadler or his company, Rala Investments Ltd. Continue reading