Salty Donut hit with lawsuit over loan default tied to Houston store
The Salty Donut isn’t worth its salt, if you ask the confectionary’s lender. City National Bank of Florida sued the Miami-based donut maker, claiming it defaulted on a $4.8 million loan issued in October 2021, according to a lawsuit filed in August in Miami-Dade County Circuit Court. The Salty Donut borrowed the money to develop a store in Houston, but it never came to fruition, City National Bank’s lawyer Johanna Castellon Vega said. The store was supposed to open at 1658 Westheimer Road in Houston’s Montrose neighborhood. The loan matured in January, the bank claims, but it entered into a […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Blue Jays’ Mad Max sells under-construction Admirals Cove estate for $23M
Butters targets tech, pharma with plans for low-rise light-industrial in Boca Raton
Opterra’s Holiday Inn hotel-to-resi conversion moves ahead in Boca Raton
Inventory drops for first time since 2023 as sales rebound across coastal Miami, beaches
Brian Tuttle loses Main Street dev site in $60M bankruptcy sale
Wave Group, partners launch short-term-rental friendly Wynwood condos
Ultra-luxury brings heat as Palm Beach home sales surge
Why Earnest Money Matters to Sellers
RE Q&A: Who Pays for Noncompliant Fence?
Fla.’s March, 1Q Housing: Closed, Pending Sales Up
