CHICAGO- First Commercial Bank has filed foreclosure lawsuitsdemanding more than $3.5 million against a 24-unit project on the800 block of North California Avenue, constructed by JPVDevelopment Group Inc.
The bank claims that the developer failed to repay a loan amountof $4.9 million due in April 2010. The bank intends to foreclosethe development, which comprises four completed buildings, apartially built six-unit project and vacant land where the finalcondominiums would be constructed. For the full story, goto Crain's Chicago Business.
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