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Lender schedules a foreclosure auction for another chunk of Ovation

By MATT BLOIS A lender has scheduled a foreclosure auction for a large chunk of the Ovation property in Cool Springs. The developer Stan Thomas borrowed $10.5 million from the New York real estate firm Gamma Real Estate to develop a 43 acre portion of Ovation. According to property records, his company purchased the land

By | 2019-09-04T14:15:50-05:00 September 4th, 2019|Categories: Business, BW-News, BW-Real-Estate|Tags: |0 Comments

Ovation site owner finalized after odd auction; New York group pays $40.5M for site

By MATT BLOIS Following an unusual scene in the bidding process of some high-profile Cool Springs land, Ovation Loan Group LLC is the new owner of a portion of the Ovation development auctioned off Friday. The sale price was $40.5 million, according to Williamson County Register of Deeds Office records of the sale and dated

By | 2019-07-02T20:38:30-05:00 July 2nd, 2019|Categories: Business, BW-News|Tags: |0 Comments

Auction scheduled for half of Ovation property in Cool Springs

ABOVE: Franklin Park is visible in the background behind the undeveloped portion of the Ovation property at McEwen Drive and Carothers Parkway. // MARK COOK By MATT BLOIS The owner of the the Ovation property is in default on a $44 million loan, and creditors are planning to auction off the property next week. The

By | 2019-06-20T19:40:57-05:00 June 20th, 2019|Categories: Business|Tags: |Comments Off on Auction scheduled for half of Ovation property in Cool Springs

Ovation developer still hasn’t paid a multimillion debt to avoid foreclosure ahead of a June deadline

By MATT BLOIS The developer of the Ovation property in Franklin still hasn’t paid a multimillion dollar debt due on June 1. If Georgia based developer Thomas Ovation LLC can’t pay creditors $44 million by June 1, they will be able to foreclose on the property. The company, operated by Stanley Thomas, is developing about

By | 2019-05-17T19:41:57-05:00 May 17th, 2019|Categories: Business, BW-News, BW-Real-Estate|Tags: |Comments Off on Ovation developer still hasn’t paid a multimillion debt to avoid foreclosure ahead of a June deadline

Ovation developer must repay loan by June to avoid foreclosure; others continue to build

By MATT BLOIS One of the developers of the Ovation project in Cool Springs has about four months to repay his creditors to avoid foreclosure. The Georgia based company Thomas Ovation LLC, which is developing about half of the Ovation project, filed for bankruptcy in October 2018. The company is owned by Stanley Thomas. Thomas owes his

By | 2019-01-16T21:00:55-05:00 January 17th, 2019|Categories: Business, BW-News, BW-Real-Estate, Featured|Tags: |Comments Off on Ovation developer must repay loan by June to avoid foreclosure; others continue to build