Colony casts doubt over $189m Ronan Group loan with new status

Johnny Ronan, Ronan Group Real Estate. Photo: Tony Gavin

Sean Pollock

Colony Capital, a US investment group, has placed a loan it provided for Johnny Ronan's Project Waterfront on "nonaccrual status" due to the impact of Covid-19 and delays.

The US investor updated the status of the loan to Ronan Group, which is controlled by the high-profile developer, in its recent quarterly results.