In the suit, Kansas-based Mortgage Investment Trust Corp. alleged that The Links at Windy Knoll, LLC, 500 Roscommon Drive, has recently failed to make payments on the bulk of a $3.3 million construction loan issued in June 2000, in addition to a $550,000 business loan issued in July 2005. The suit alleges $3.1 million is still owed on the construction loan, and interest has driven up the unpaid balance of the business loan to $560,000.
The court on Tuesday appointed a receiver to maintain the semi-private, 18-hole course opened in 2001 on the site of a former horse farm.
At stake is the course, some additional property and personal property that wasn’t specified in the suit.
Windy Knoll owner Dan D’Arrigo, who was among those named in the suit, declined to comment Friday on the details of the suit but was optimistic of the club’s future.
“It’s business as usual,” D’Arrigo said.
Contact this reporter at amcginn@coxohio.com.
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