Bank Group Says Government Portfolio Owes $96.5M Loan

Law360, New York (March 2, 2012, 5:54 PM EST) -- U.S. Bank NA is seeking to recover a $96.5 million commercial real estate loan secured by a portfolio of 38 state and federal government properties that has matured but has not been repaid, according to a suit filed Wednesday in New York federal court.

Acting as trustee to Bank of America NA and the holders of various commercial mortgage trusts, the BNA sued 38 limited liability companies set up to manage the post offices, customs offices and various other government buildings that together make up the...
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