Real Estate Developers Owe $101.4M, Wells Fargo Says

Law360, New York (April 20, 2012, 6:43 PM EDT) -- Wells Fargo Bank NA hit a real estate developer and its guarantors with two separate lawsuits in Dallas on Friday over their failure to repay $101.4 million in loans related to the construction of a mixed-use development in Loudoun County, Va.

Wells Fargo brought the first action, against Carbon Thompson Development LLC and its affiliated guarantors — including CTD Moorefield Retail LLC, Thompson Realty Development Corp. and Carbon Landmark LLC — on behalf of itself, U.S. Bancorp and BBVA Compass Bancshares Inc. for the repayment of...
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