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2:24-cv-00013
California Central
Contract: Other
Michael W. Fitzgerald
A real estate investment trust and loan guarantors traded blows in California federal court over remanding the REIT's suit accusing the companies of owing payments for nearly $70 million in loans.
TerraCotta Credit REIT LLC has hit a beleaguered developer and several affiliates behind a Washington state real estate project besieged by numerous credit claims since the pandemic with allegations of misconduct tied to six loans totaling nearly $70 million, per a suit moved to California federal court.