Thor Equities may not get the chance to rock out with Sammy Hagar after all. Joe Sitt’s firm is facing foreclosure proceedings in its Theater District building at 725 Eighth Avenue, where it had planned to open the first East Coast location of Cabo Wabo Cantina, a restaurant founded by Hagar. Lender Wilmington Trust filed suit to foreclose on the property on Tuesday. The bank claims that Thor took out an $11 million loan on
source https://therealdeal.com/2019/10/21/thor-facing-foreclosure-at-theater-district-building/
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