Steelers QB Charlie Batch Ordered To Pay $689K For Bad Property Deal

Discussion in 'Pittsburgh Steelers' started by MediaGuy, Oct 15, 2010.

  1. MediaGuy

    MediaGuy Ball So Hard University

    Quarterback Charlie Batch was ordered to pay $689,000 and interest in a real estate deal that turned sour in Detroit. In 2006, Batch personally guaranteed $880,000 in loans granted to Cortland Place LLC for a 60-unit, four-story apartment building. Cortland defaulted two years later, and the property was sold for $280,000. Batch doesn't dispute that he guaranteed the loans. A federal judge said yesterday that Batch must pay $689,000, plus $370 a day in interest retroactive to last December

    Source: Pittsburgh Tribune-Review
  2. Flacco2MasonTD

    Flacco2MasonTD ಠ_ಠ

    That's a big Batch of payout money :bluesbrothers: