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  • Developer seeks $3.8M in damages, says bank violated agreement for Pa. property
    Investment Property

    Developer seeks $3.8M in damages, says bank violated agreement for Pa. property

    April 18, 2022 /

    WILLIAMSPORT-A Lycoming County firm that specializes in the development of serious estate for the restaurant marketplace is in search of far more than $3.8 million in damages professing a lender violated a ideal-of-first-provide settlement with a State College region house. Pennsylvania Expenditure Qualities II (PIP II) in a criticism submitted Friday in U.S. Middle District Court accuses Truist bank of selling the property in the 2500 block of East University Avenue without having giving it the required chance to buy it. PIP II, dependent in Williamsport, statements it paid out BB&T (predecessor to Truist) an supplemental $50,000 for the arrangement when it ordered the adjacent house for $500,000 in 2016.…

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    Jerry Schmidt Comments Off on Developer seeks $3.8M in damages, says bank violated agreement for Pa. property

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