Cole Taylor Bank has filed two foreclosure lawsuits seeking to recover a total of almost $8 million on a small retail property next to the Lincoln Village Shopping Center and a 32-unit apartment building two miles away.
The properties are owned by a group that includes North Side real estate investor Zlatko Pehar, who is a defendant in both cases because he allegedly guaranteed the loans.
Chicago lawyer Aaron Spivack, who represents Mr. Pehar, did not return a call requesting comment.
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