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Lender Seeks Receiver as Summit Brewing Faces Foreclosure in St. Paul

1 min read
Source: MPR News
Lender Seeks Receiver as Summit Brewing Faces Foreclosure in St. Paul
Photo: MPR News
TL;DR

A lender has filed a foreclosure lawsuit against Summit Brewing Company for more than $8 million in unpaid debt, seeking a court-appointed receiver after Summit allegedly missed a loan payment and signaled deteriorating liquidity despite a forbearance through July. Summit says it will continue daily operations while pursuing alternative paths with outside advisors, and no court date has yet been scheduled.

Topics:business#bmo-bank#business#forbearance#foreclosure#st-paul#summit-brewing-company
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  1. St. Paul's Summit Brewing Company faces foreclosure  MPR News
  2. Summit Brewing, $8.2 million in debt, faces foreclosure  5 EYEWITNESS NEWS
  3. Bank begins foreclosure process for St. Paul’s Summit Brewing  Pioneer Press
  4. Court documents show Summit Brewing facing foreclosure amid $8 million debt  Bring Me The News
  5. Summit Brewing Company facing foreclosure notice  CBS News

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