Find Real Estate Agents and Homes for Sale


Real Estate News --> Michigan News

Opera House owners ask court to dismiss lawsuit


The project saw a year of inactivity until April of 2015, when former liens filed by contractors were satisfied, in part because of a six-month, $1.85 million community construction loan from Develop Michigan Real Estate Fund in March of that year.


Archived Story

By Lisa Yanick-Jonaitis, The Morning Sun Posted: 05/19/16, 3:54 PM EDT | Updated: 7 hrs ago # Comments Owners in a major Alma redevelopment project have fired back against foreclosure litigation initiated by a lender, asking the court to dismiss the suit because the lender, a non-registered business in Michigan, does not have legal standing to sue The court file also includes a personal guarantee of payment by the developer for liens on the property for the balance of two construction contracts Cinnaire Development Finance Management in March filed claims against owners in the Wright Opera House development, asking for a nearly $2 million “bridge” loan to be repaid and taking the first steps in a foreclosure process against the project. Wright Opera Block, Freed Construction, C & R Electrical and project developer Kurt Wassenaar, who is the guarantor of the bridge loan, are listed as defendants. #AD_text{ font-size: 11px; color: #999999; } (function() { var secondaryMedia = $("#secondary-media").css('height'); var factbox = $("#factbox").css('height'); var internalContent = parseInt(secondaryMedia + factbox); if((internalContent

Trending Michigan News:


  • ACLU Sues Michigan For Barring Same-Sex Couples From Fostering Or Adopting
  • Massive mulch fire continues burning, residents fear their homes are next
  • Michigan Adoption Day in Oakland County: 13 kids getting forever homes
  • Northville Downs, Michigan's last horse track, to become upscale homes
  • 401 North Michigan Avenue Selects LifeStart to Manage Their New Corporate Fitness Center
  • Michigan youth group builds homes in Owensboro
  • University of Michigan, Google create Flint water crisis app
  • Will southeast Michigan's industrial rebound spread to Flint?
  • Michigan needs over 5,600 at-risk natural gas pipelines fixed, study says
  • Megablitz smoke detector installation to assist more than 100 homes
  • Pet supply stores popping up all over Michigan
  • Michigan lost many notable people in 2016
  • Dangerous vapor concerns spur EPA tests in Lansing homes
  • Rockford, MI Homes For Sale & Real Estate
  • 'It's just left us behind,' Michigan couple wonders what happened to the middle class
  • Thousands without power as gusty winds hit Mid-Michigan
  • Sterling Heights, MI Homes For Sale & Real Estate
  • Federal court of appeals orders delivery of bottled water to Flint residents
  • Nursing homes benefiting from Medicaid loophole
  • BREAKING: More than 1,300 homes without power