Gerry Harvey hopes for full repayment from Nathan Tinkler farm sales in 2015
Only one of Nathan Tinkler's Patinack properties has been sold, so retailer Gerry Harvey has complained how Tinkler had used him ‘"like a little bank".
Harvey said former billionaire Tinkler had repaid him about $37 million, but the Harvey Norman boss added several deadlines for the full debt to be repaid had "never been adhered to".
"I’m like a little bank for him," Harvey said.
Last August last year, Harvey called in an estimated $40 million debt from Tinkler, with the horses and properties of the Patinack Farm thoroughbred breeding and racing empire listed for sale.
Only one Patinack property has yet sold, Banoon in Monegeetta, auctioned for $2.5 million last year (pictured above).
The properties at Sandy Hollow and Broke remain on the market.
Harvey holds first mortgages over them with the Australian Tax Office also a creditor.