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CAMDEN (AP) – A federal judge has appointed a receiver to manage some high-profile former MBNA properties along Maine’s midcoast, including the Knox Mill complex in Camden and the Ducktrap Retreat in Lincolnville.

Asset management company Gray & Associates of Baltimore was put in charge of the real estate after the bank that holds the mortgage filed an emergency motion and said Maine Investment Properties was in default.

Maine Investment Properties bought the buildings, which were assessed at $50 million, from credit card lender MBNA in 2005.

The Bangor Daily News said efforts to reach Maine Investment Properties were unsuccessful.



Information from: Bangor Daily News, http://www.bangornews.com

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