George Markopoulos repeatedly failed to repay loans since 2009
Between 2009 - 2017 George Markopoulos and his companies was repeatedly sued by banks and investors. Public records don't reveal the exact amount unpaid, but it is at least $13 million.
1. INLAND Bank & Trust sued MARKOPOULOS, GEORGE for $65,537.00 on 2/19/2016
Source: Cook County Recorder of Deed Document #1605039066 (JUDGMENT) | Cook County Case #2016-L-050039 2. Wells Fargo sued George Markopoulos & Praedium Development for failure to pay back a $3,400,000.00 on 7/1/2011
Source: http://www.chicagobusiness.com/realestate/20120911/CRED05/120919954?template=printart
3. CADC/RADC VENTURE 2011-1 LLC won $8,247,184.00 from MARKOPOULOS, GEORGE, Orland 88 LLC & GANNETT, DOUGLAS on 7/5/2012. The loan was originally provided by Wheatland Bank for $11,508,000.00 (CCRD Doc #1016718027)
Sources: Cook County Recorder of Deeds PIN: 27-23-100-013-0000 | Cook County Recorder of Deed Document #1218710119 (COURT DOC)
4. VENCAP FINANCIAL LLC sued MARKOPOULO, GEORGE for $783,562.00 on 6/8/2010
Source: Cook County Recorder of Deed Document #1015934003 (JUDGMENT)
5. SFR VENTURE 2011-1 LLC won $435,754.00 from MARKOPOULOS, GEORGE on 2/3/2014. The loan was originally provided by Wheatland Bank for $3,672,000.00 (CCRD Doc #1006318087)
Sources: Cook County Recorder of Deeds PIN: 04-25-200-056-0000| Cook County Recorder of Deed Document #1403429072 (JUDGMENT)
6. METRO AREA PROPERTIES INC sued MARKOPOULOS, GEORGE for $50,001.00 on 2/3/2010
Sources: Cook County Recorder of Deeds PIN: 27-23-100-013-0000 | Cook County Recorder of Deed Document #1003444074 (LIS PENDENS)
7. FIRST MIDWEST Bank sued George Markopoulos for failure to pay back a $3,300,000.00 loan on 8/27/2009
Sources: County Recorder of Deeds PIN: 17-08-245-016-1206 | Cook County Recorder of Deed Document #0923918085