Wells Fargo alleges Related Companies’ SoFla project gave misleading information to appraiser tied to $150M loan

The long-running dispute between Related Companies’ CityPlace in West Palm Beach and its lenders over a $150 million loan just took another turn this month. Wells Fargo, a trustee for CityPlace’s lender Credit Suisse Commercial Mortgage, is alleging that CityPlace’s appraisal for its loan was based on misleading and inaccurate information given to its appraiser in a counterclaim filed in a Palm Beach County Circuit Court on Jan. 2. CityPlace allegedly concealed information to Cushman […]


Source: Real Estate

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