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Stock impact report

Creditors continue to hound Santa Fe real estate magnate [Yahoo! Finance]

BioCardia, Inc. (BCDA) 
Company Research Source: Yahoo! Finance
This one, filed Feb. 14 in state District Court, seeks to collect outstanding balances on more than $10 million in loans the State Employees Credit Union alleges it issued to the defendants — Peters, his wife, Kathleen Peters, and their son Devin Peters — since 2018. The family's corporation and related companies, including Santa Fe Dining and Santa Fe Properties, are also named as defendants in the lawsuit. The complaint paints a picture of someone facing increasingly desperate times, alleging the family members or affiliated companies took out loan after loan in recent years — including one for $725,000 in 2022, one for $931,000 in 2023, and one for $2.9 million in 2024 — but have been unable to keep up with monthly payments. When asked to comment on the litigation Friday, Gerald Peters said the defendants made “a reasonable proposal to pay down the debts” but the consultants now running the State Employees Credit Union “did not find the proposal to their liking, and the situ Show less Read more
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