Lenders since early last year have been scheduling foreclosure sales for the 175-acre property on the Dallas North Tollway. But starting in October the mortgage holders backed off while project owner Thomas Land & Development worked on a new financing package for Wade Park. Foreclosure News
The developer behind Frisco's stalled Wade Park project says he's lining up new financing for the project with JPMorgan Chase bank. Work halted more than a year ago on the $ 2 billion construction site on the Dallas North Tollway when developer Thomas Land & Development ran out of money. Foreclosure News
New York-based Gamma Lending has once again scheduled a foreclosure sale of the stalled Wade Park project on the Dallas North Tollway at Lebannon Road, according to Addison-based Foreclosure Listing Service. Companies that hold more than $ 130 million in debt on the 175-acre mixed-use project declared the development in mortgage default early this year. […]
ABA Journal Daily News
Namely, that it is still a very large hole in the ground and not the 175 acres of apartments, offices and high-end retail space promised by Atlanta-based Thomas Land & Development back in 2014. But in the nation's fastest-growing city – whose growth has been propelled by an influx of exactly the kind of wealthy […]
Lenders owned more than $ 130 million for Frisco's stalled Wade Park project haven't wasted any time filing for another foreclosure. Last week two lenders — New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch — took a pass on foreclosing on the 175-acre project on the Dallas North Tollway. Foreclosure News
And just like in March and April, lenders didn't force a sale of the mixed-use development on May 1. Two lenders — New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch — have been seeking repayment of more than $ 130 million in debt on troubled real estate project at the Dallas North […]
ABA Journal Daily News
New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch say that the 175-acre development on the Dallas North Tollway has defaulted on its loans. The lenders postponed the foreclosure in May and last week but have set a new forced sale date in early May, according to Addison-based foreclosure listing service which tracks […]
Two lenders – New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch – have been seeking repayment of more than $ 130 million in debt on the mixed-use project at the Dallas North Tollway and Lebanon Drive. The finance sources in February declared the 4-year-old mixed-use project in default of loans and scheduled […]