$240 million commercial property default

Martin Selig, the prominent Seattle office developer hit hard by the pandemic, has defaulted on a $240 million loan that could see two of his most valuable downtown projects handed back to creditors.

https://www.seattletimes.com/business/developer-martin-selig-defaults-on-240m-debt-as-seattle-office-woes-mount/

Martin Selig is a bum. He’s legendary for stiffing contractors and defaulting on loans. He’s the Donald Trump of Seattle.

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