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CHICAGO-PrivateBank & Trust Co. has filed a foreclosure suit against two ventures to receive $8.6 million. The ventures had ties with Daniel Goodwin of Oak Brook-based Inland Group Inc. to develop about 500 homes on the two parcels.

According to foreclosure charges filed by PrivateBank, one venture failed to repay a loan of $4.7 million on a 160-acre land in New Lenox, and another venture failed to redeem a loan of $3.75 million on a 211-acre land in Sugar Grove.For the full story, go to Crain’s Chicago Business.

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