Kansas City-based Jet Midwest Group LLC is being sued by a lender for allegedly defaulting on a loan worth $6.5 million with interest still accruing.
The lender is Hong Kong-based Jet Midwest International Co. Ltd., which was known as Yortime Development Ltd. when it originated the loan. The loan documents submitted as evidence show the loan was originated in September 2015 and contained an obligation to repay it in full within one year, with a 14 percent-a-year interest rate. The company argues…
Kansas City-based Jet Midwest Group LLC is being sued by a lender for allegedly defaulting on a loan worth $6.5 million with interest still accruing.
The lender is Hong Kong-based Jet Midwest International Co. Ltd., which was known as Yortime Development Ltd. when it originated the loan. The loan documents submitted as evidence show the loan was originated in September 2015 and contained an obligation to repay it in full within one year, with a 14 percent-a-year interest rate. The company argues…