Enterprise Financial Services Corporation has disclosed that seven commercial real estate loans, totaling $68.4 million and associated with special purpose entities in Southern California, are currently involved in litigation. The loans, all secured by first position mortgages on real property, became nonperforming following a business dispute among the ownership of the borrowing entities, leading to all seven filing for bankruptcy in the first quarter of 2025. In August 2025, Enterprise Bank & Trust began foreclosure proceedings on the properties securing these loans. The company expects to recover the full balance of the loans due to its senior secured position.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enterprise Financial Services Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001025835-25-000198), on October 16, 2025, and is solely responsible for the information contained therein.