Fannie Mae claims that investors defaulted on three months of payments totaling $28.3 million on behalf of three Affinity Living Communities-managed properties in North Carolina. On Thursday, Aug. 8, the government-backed lender took the companies to court, asking a federal judge to appoint a receiver in the matter.
According to court records in Fannie Mae v. Wayne Health Investors, LLC et al., the lender claims that each of the borrowers — Wayne Health Investors, Gates Health Investors, Northlake Health Investors, Wayne AL Holdings, Gates House LLC and Northlake AL Holdings — is in default.
Based on the three missed payments, Fannie Mae accelerated the loans on June 14, notified the parties that the full amounts of the loans are now due and payable.
Summons were delivered to the defendant parties last Friday, and they have until Aug. 30 to respond.
Attorneys for the parties involved did not respond to requests for comment from the McKnight’s Business Daily.
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