Chapter 8 - The Property Deal Freezes
Briarwood’s board voted unanimously to suspend the campus purchase. Kendrick Family Holdings threatened litigation. Its attorney argued: The school had negotiated in good faith. The $5.6 million figure was still within a plausible investment range. Declan replied: “Then explain the false appraisal.” They could not.
The lender financing Briarwood’s purchase also withdrew its preliminary approval pending review. Ms. Kendrick’s private lender issued a default notice on the second-position debt when refinancing failed. Her pressure increased. But her control decreased. She could no longer access school records. Could not contact staff about the property. Could not teach. Could not shape Maisie’s official history.
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Power reversal had begun. The thing she had tried to secure through intimidation was slipping away because of the evidence created by that intimidation.
