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Bank likely to take title to Promenade Shops when no one bid during foreclosure auction
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Bank likely to take title to Promenade Shops when no one bid during foreclosure auction – BizWest
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McWhinney awarded $156M in fraud case with Promenade Shop partners
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McWhinney wins Promenade fraud case, appeal pending – BizWest
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Promenade Shops at Centerra listed for foreclosure at $84M
This story first ran on BizWest.com, a BusinessDen news partner.
LOVELAND The Promenade Shops at Centerra shopping district has been issued a foreclosure demand worth $84 million, marking the second major retail center in Northern Colorado to fail to keep up on debt payments amid the pandemic.
The 500-square-foot property is in default on the variable-interest loan, which was issued in February 2018 by the American arm of French investment bank Natixis S.A., according to foreclosure notices posted to the Larimer County Public Trustee’s site Friday morning.
The listed amount due of $84 million is exactly the same as the original loan amount issued, according to county records. The loan is currently held by a subsidiary of M&T Bank Corp.