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.
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