Major developer faces foreclosure or bankruptcy

By Dusty Smith and Joe Eaton

The largest private landowner in Loudoun County, Virginia, Greenvest LC — the focus of a series of bruising development battles — has defaul

Excerpts from this story referencing "iStar Financial":

"… That would leave the property in the control of the lender, New York-based iStar Financial, which likely would then enter into private negotiations with developers o …"

"… the bank can try to negotiate with developers for a fair price.The lender, iStar Financial, earlier this month moved forward with foreclosure on the four parcels — …"

"… 2008, the loan was increased to just over $130 million. Representatives of iStar Financial and local lawyers representing the firm did not return phone calls seeking …"

Bank becomes largest private landowner in Loudoun

By Dusty Smith

IStar Financial, a New York-headquartered lender, will take ownership of more than 4,100 acres of Loudoun County land previously assembled b