MCL in Default

The Charlotte Business Journal is reporting that the Vue is in Default on its 4 million dollar loan for the Vue.  R.J. Griffin (renamed Dunn Souteast), the contractor, has secured a court judgement according to the reporter, Susan Stabley.   The site is pay only, so this is all we can report so far since we are in default of our Charlotte Business Journal subscription (not really!)

I believe this is a huge setback for the current owners, several of which I have come to know over this period and are huge fans of their condos. What comes next we’ll have to see as we get more reporting in the coming days.

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