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Wells Fargo Sues JPMorgan Over Defaulted $481 Million Loan

Wells Fargo Sues JPMorgan Over Defaulted $481 Million Loan

by Phil Hall | Mar 10, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Wells Fargo (NYSE: WFC), the nation’s fourth-largest bank, has sued JPMorgan Chase (NYSE: JPM), the nation’s largest bank, to recover losses for investors in a $481 million commercial real estate loan that was allegedly made with an inflated financial metric. Reuters...
Lessee of Former Trump Hotel in DC Defaults on Loan

Lessee of Former Trump Hotel in DC Defaults on Loan

by Phil Hall | Feb 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

CGI Merchant Group, the Miami-based investor that acquired the lease of The Trump International Hotel in Washington, D.C., in 2022 for $375 million, has defaulted on a $285 million loan related to the property. According to a Wall Street Journal report sourced from...

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