Project update

Terrassa IN

January 17, 2022

Update from the originator:

The court hearing is supposed to be on the 24th of January. The borrower has proposed another option where they would offer another property in Badia that would repay this current debt but the originator did not accept this offer. The originator also has the option to open a new case with the borrower as there is a contract in place where the borrower has a personal guarantee for this investment.

The originator will update investors as soon as they have news.

November 11, 2021

Update from the originator:

The borrower is still waiting for the court resolution. The official who handles the case says that the delay is because the clerk of that court has been changed three times. 

The document has been added to the documents section.

October 07, 2020

Update from the originator:

All the paperwork was done at the court in September in order to initiate the process of putting the property in the originator's name.

The originator estimates it will take 2-3 months to receive the docs to proceed to do that.

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