Following Foreclosure On $90M Secured Loan, Granite Dells Files For Chapter 11

Following Foreclosure On $90M Secured Loan, Granite Dells Files For Chapter 11

PHOENIX - Real estate company Granite Dells Ranch Holdings LLC filed for Chapter 11 bankruptcy on March 13 in the U.S. Bankruptcy Court for the District of Arizona as one of its creditors foreclosed on a $90 million secured loan and called for the appointment of a receiver (In Re: Granite Dells Ranch Holdings LLC, No. 12-04962,D. Ariz. Bkcy.).

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