Epicenter goes into bankruptcy proceedings after default on $ 85 million loan – WSOC TV

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CHARLOTTE, NC – Sabrina Jones of the CBRE Group has been named managing director of epicenter SPE LLC following a default on a $ 85 million commercial mortgage. A hearing is scheduled for next week in the North Carolina Business Court.

On July 16, Judge Donnie Hooper issued a consent order defaulting and ordering a trial in the Mecklenburg Supreme Court. Felton Parrish of Alexanders Ricks submitted consent on behalf of epicenter, and James Pulliam of Kilpatrick Townsend & Stockton filed on behalf of Deutsche Bank Trust Co., custodian of the pledger.

The case was referred to the economic court for all subsequent actions on July 29. Judge Louis Bledsoe has scheduled a videoconference on the case for 14:00 on 24 August.

More details here

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