Steeler backup QB Charlie Batch has been 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. The court case centered on the property’s value. A federal judge said Wednesday that Batch must pay $689,000, plus $370 a day in interest retroactive to last December.
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