Deep sea fishing is therapy. Ask real estate lifer Tom Terminella, who went boom and bust and back again, and he’ll tell you all about it.
When the bottom fell out of the economy in 2007, Terminella was holding one of the biggest bags in Northwest Arkansas — a bag filled with millions in outstanding loans, undeveloped subdivisions and dreams to conquer this little corner of the world.
What came out of the crash was a long, public feud with Metropolitan National Bank that made headlines off and on for years. But the story that didn’t receive a whole lot of attention was that Terminella, a man who always had his finger on the “Go” button, found himself with nothing to do.
The banks weren’t lending money. Property values were in the tank. Homes weren’t... [ MORE ]