The Greene says refinancing ends foreclosure case; no comment yet from Wells Fargo [Yahoo! Finance]
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Source: Yahoo! Finance
Olshan Properties said a 10-year refinancing agreement ends all foreclosure proceedings. Wells Fargo Bank, which filed the foreclosure complaint in May, could not be reached for comment Friday afternoon. Court docket filings in the foreclosure case in Greene County Common Pleas Court do not show any dismissal of the case. There are no new developments in the docket since a procedural filing Aug. 30. The 72-acre, 1.1 million square foot outdoor shopping mall was the subject of a lawsuit in May. Wells Fargo Bank filed a foreclosure complaint in Greene County Common Pleas Court in May against the owners of the Greene Town Center, claiming that the mall, apartment and office complex owes the bank about $113 million in loan payments. "This refinancing and our ongoing dedication to the long-term health, growth and success of the property, underscore the strength of the Greene and mark a significant milestone," said Zach Bornstein, CEO, Olshan Properties. "We look forward to continu
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