Eastgate Metroplex

[LandArchPoke]

This foreclosure is only for the Dillards property.  Spirit has another $25MM+ in loans on the property.  The primary investor in this project could write a check and pay it down.  In fact, he might have more personal liquid capital than the bank that is foreclosing on this project...

Who is the primary investor? Also Spirit Bank seems to have a lot of foreclosures on properties lately... I wonder what their lending standards are compared to other local banks.