Salty Donut hit with lawsuit over loan default tied to Houston store
The Salty Donut isn’t worth its salt, if you ask the confectionary’s lender. City National Bank of Florida sued the Miami-based donut maker, claiming it defaulted on a $4.8 million loan issued in October 2021, according to a lawsuit filed in August in Miami-Dade County Circuit Court. The Salty Donut borrowed the money to develop a store in Houston, but it never came to fruition, City National Bank’s lawyer Johanna Castellon Vega said. The store was supposed to open at 1658 Westheimer Road in Houston’s Montrose neighborhood. The loan matured in January, the bank claims, but it entered into a […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
He has been walking around the world for the last 27 years—Here’s the no. 1 lesson he learned about happiness
Renovate To Drop PMI Mortgage Hack Has a Catch: Your Lender Doesn’t Have To Buy Your New Valuation
Tiny Homes Are Now Allowed in New York City Under ‘City of Yes’ Plan
Mel Gibson Announces He Has Split From Rosalind Ross—1 Year After Losing Their Malibu Mansion in California Wildfires
Brightline looks to raise $100M, sell Fort Lauderdale property amid cash crunch
Design District’s largest landlord scores $100M loan for six retail buildings
Lionstone revs up sales for project that stalled under previous developer
Francis Suarez buys $7M home near South Miami
Los Angeles Caps Rent Hikes for the First Time in 40 Years To Help Tenants Struggling With Affordability
Does the Home You Want To Buy Qualify for a USDA Loan? Here’s How To Tell
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131