Bank allows refinance of Fort Collins memory care center
FORT COLLINS — The bank that financed the opening of Aspyre Rock Creek in Fort Collins has sued the memory care facility over a default of just more than $8.36 million, but the care center claims the lender is putting unnecessary strain on it during a global health crisis.
In a complaint filed Tuesday in Larimer County District Court, Stearns Bank N.A. sought a court-ordered foreclosure of the property at 3150 Rock Creek Drive and asked the court to appoint a receiver to manage it.
The original loan of $7.2 million was issued in 2016, and the facility opened in 2017. Stearns…
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