In a complaint filed Tuesday in Larimer County District Court, Stearns Bank N.A. sought a court-ordered foreclosure of the property at 3150 Rock Creek Drive and asked the court to appoint a receiver to manage it.
The original loan of $7.2 million was issued in 2016, and the facility opened in 2017. Stearns claims that it sent a notice of default in April, including the principal amount and an additional $1.16 million in interest and late charges. The loan is accruing $4,076 per day in additional costs.
Aspyre is operated by Solera Senior Living, a chain of senior communities based in Denver that has eight locations across the country. The property has space to care for 64 tenants and currently cares for 22.
It s rough out there for homebuyers
It’s Pat Ferrier, the Coloradoan’s business reporter.
It’s no secret that buying a house these days can be a long and frustrating process as prices soar and the number of available homes drops. It won’t be long before Fort Collins’ median price reaches half-a-million dollars, continuing to push the sphere of affordability out farther.
Timnath has the highest median price in Larimer County, and Greeley continues to have the lowest price in Northern Colorado, according to the Fort Collins Board of Realtors.
If you’re in the market, take a deep breath, store up your patience and check out my story on the real estate market in Northern Colorado at Coloradoan.com on Monday morning.
Reasonable people should be able to differ over politics without coming to blows; that’s a given of civil society. In that same vein, Coloradans should be able to challenge city hall without facing retribution. That also should be regarded as a given, but it appears to have eluded municipal officials in Estes Park.
They want a court to award them and their attorneys more than $28,000 in legal fees, to be paid by a group of residents who had unsuccessfully challenged the city in District Court over the funding of a local road project. Mind you, the city already had prevailed in court on the merits of the case, but it now evidently wanted to do a victory dance at the plaintiffs’ expense.
A court ruling pulled the plug on Fort Collins’ lawsuit over an electronic billboard installed near city limits.
The Larimer County District Court decision, filed Tuesday, rejected the city’s protest of a Larimer County board of commissioners vote that approved a 30-foot electronic billboard at the northwest corner of Interstate 25 and Harmony Road. The city has 49 days from that decision to file a notice of appeal at the direction of Fort Collins City Council.
Street Media Group installed the billboard in November.
The billboard site is under the county’s jurisdiction but is in the city’s growth management area, meaning the city intends to eventually annex it. The county approved the billboard, which displays a carousel of advertisements for 6 seconds apiece, after Street Media Group agreed to remove five older signs in the area in conjunction with the new billboard. County officials saw the billboard deal as an opportunity to declutter the area of signs and ultimately ap
LARIMER COUNTY Lifelong friends, described as best friends with matching tattoos, and whose families have been closely aligned for three generations, are now adversaries in a suit filed Thursday in Larimer County District Court.
The suit alleges that Justin Loeffler, his partners from Virginia and Nebraska, and a now-defunct Greentree Ag Ventures LLC, defrauded Drew Holm of Platteville, his investment partner and their Premium Choice Consulting Corp., in a failed hemp farm operation initially in Wyoming and later in Larimer County.
The suit alleges that Loeffler and his partners used his close friendship with Holm to lure him into a hemp operation investment that resulted in the loss of $800,000. The grow operation, at the time, would have been illegal in Wyoming, and the defendants were aware of that, according to the suit.