Chesterfield Observer

Magnolia Green goes into foreclosure

The financially troubled Magnolia Green Development, LLC (MGD) has been foreclosed on by its New York lender, iStar Financial. The lender claims that MGD has defaulted on a loan of $96.9 million that was issued in January of 2007, according to legal documents. The property will be offered for sale on May 19, the Times-Dispatch… Read more »