A.G. Gancarski
Terrance Freeman, businessman?
“I will use my business experience and common sense conservative principles as your State Representative. We need legislators who understand that small businesses are the backbone of our economy and who will fight to reduce the regulatory burden they face from government,” Freeman posted to his Facebook page this week.
However, a review of his financial dealings suggests that, contrary to these and similar assertions, Freeman has had troubles in recent years when it comes to the business experience he touts.
One such issue: his 3-Divas corporation.
On his 2015 Form 6 financial disclosure form, Freeman notes that 3-Divas operated at a loss in 2015.
His income was derived from the Jax Chamber and the City of Jacksonville, the former in a public affairs role and the latter as assistant to the councilman from the chamber, Aaron Bowman.
Business experience seems to be an abstract concept here.
Another such issue: short sales.
Freeman and his wife had two rental properties.
“As the housing market declined,” Freeman told the Florida Times-Union, “I became upside-down on two investment properties.”
Freeman describes the process as amicable: “I worked with the bank to reach an agreement for short sales on both properties.”
A review of documents, however, suggest the process was less amicable, with legal proceedings launched on at least one of the sales before resolution was achieved.
FloridaPolitics.com reached out to Freeman by email and phone Thursday morning.
He failed to respond to our inquiries. If and when we do hear back, we will incorporate his responses.
