Starwood notches win against Alan Stalcup in personal guarantee suit
GVA’s Alan Stalcup could be facing a hefty penalty after a court sided with a lender seeking up to $110 million.. Starwood was awarded summary judgment this week in three New York cases against Stalcup personally, over his role as CEO of the Texas-based multifamily syndicator GVA. The lender said Stalcup owes the firm money after he breached “bad boy” recourse guarantee agreements he signed on loans tied to Atlanta, Orlando and Nashville-area properties. How much Stalcup may have to pay on the guarantees is still up in the air. Starwood has demanded up to $110 million across the three […]
This article originally appeared on The Real Deal. Click here to read the full story.
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