The loan was sold to Value Ann Arbor Management LLC, according to documents. The state has no record of that company, according to its Web site and a state employee. Schubiner did not identify the new lender. However, he said in an email that he remains the property’s owner. “Harbor Georgetown remains the borrower on the loan as well as the owner of the real estate. We are working on new ideas for the site and will share those with the community in the coming months,” Schubiner said.
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