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NEW BEDFORD After being forced to leave business at sea following a federal settlement, Carlos Rafael, in yet another move, appears to be setting roots on land.
The winning bidder of the former Merchants National Bank property that sold at auction last month was Bliss Investors LLC, a company managed by Rafael s family.
The historic structure, which sits at the intersection of William and Purchase streets in downtown New Bedford, sold at auction in late January.
Justin Manning, president of JJManning Auctioneers, said in an email last month that the property sold for $770,000. There were nine registered bidders, but he said they do not disclose their names.