May
13

Bank Forecloses on Myrtle Beach’s The Market Common

By
– The Sun News

The owners of The Market Common are facing foreclosure, but shoppers, residents and businesses there will see few impacts from the legal action, according to Sue Bonin, general manager of The Market Common.

On Tuesday, JPMorgan Chase Bank filed foreclosure against LUK-MB1 LLC, the company that owns and developed The Market Common. According to the bank, LUK stopped making payments on a construction loan and owes lenders more than $105 million. LUK-MB1 LLC is run by McCaffery Interests Inc. and its financial partner Leucadia National Corp.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

Be Sociable, Share!
    Categories : Myrtle Beach

    Comments are closed.