Capital Finance yesterday appointed KordaMentha as receivers to a subsidiary of Raptis Group, the developer of a third residential tower at the Southport Central compex on the Gold Coast. The Australian reported that Limdaning was the Raptis subsidiary involved.HBOS Australian owns Capital Finance. It isn't clear what the size of the Capital Finance loan is, but other lenders in a syndicate of 12 include ANZ, Investec, NAB and Suncorp, according to the Financial Review and Herald Sun newspapers. The Financial Review estimated the project debt at $750 million, while accounts for Raptis Group published a week ago show total liabilities of around $900 million.The Australian reported that KordaMentha proposed  staged payment plans to sub-contractors on the Southport Central site and that the receiver planned to complete the project (which has eight floors out of 39, and the fit-out, to go). Pre-sales of flats in the residential and retail building will continue.