Home Topics Buildings Foreclosure complaint filed against Fashion Square Mall

Foreclosure complaint filed against Fashion Square Mall

-

 

The owners of Orlando Fashion Square Mall are being sued by the Bancorp Bank, which is claiming the developer behind the mall owes them more than $400,000 of missed payments on their $42M loan. That number allegedly reflects three months of unpaid rent from this summer.

WFTV reported, HERE, that a lien has been placed on the property due to unpaid property taxes, totaling more than $923,000. According to WFTV, Bancorp is seeking repayment of the loan, interest, and attorney’s fees

A followup report by the Orlando Business Journal claims that the defendant is in turn accusing Bancorp of “defaulting on its obligations” and breaching contract. Read their full report HERE.

No word on how this affects the long-awaited Element by Westin hotel development.

 

Become a Bungalower Buddy

Our award-winning local news website stays in business because of readers, like you. Support us by becoming a Bungalower Buddy today.

Brendan O'Connorhttps://www.brendanoconnor.me/
Editor in Chief of Bungalower.com

Have something to say? Type it below. Holding back can give you pimples.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

 

The owners of Orlando Fashion Square Mall are being sued by the Bancorp Bank, which is claiming the developer behind the mall owes them more than $400,000 of missed payments on their $42M loan. That number allegedly reflects three months of unpaid rent from this summer.

WFTV reported, HERE, that a lien has been placed on the property due to unpaid property taxes, totaling more than $923,000. According to WFTV, Bancorp is seeking repayment of the loan, interest, and attorney’s fees

A followup report by the Orlando Business Journal claims that the defendant is in turn accusing Bancorp of “defaulting on its obligations” and breaching contract. Read their full report HERE.

No word on how this affects the long-awaited Element by Westin hotel development.