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Hogan Companies Sell St. Michaels Property For M&T Bank

Lawrence J. Hogan, Jr., President and CEO of the Hogan Companies headquartered in Annapolis, Maryland, announced today that the company recently brokered the sale of another bank-owned parcel on Maryland’s Eastern Shore. 

The Hogan Companies represented M&T Bank, who inherited a St. Michael’s area property through the acquisition of K Bank. The 48 acre, unimproved property represents yet another transaction in Hogan Companies’ ongoing work with lenders disposing of their troubled real estate assets. Prior to foreclosure by K Bank, the previous owners had plans to develop the parcel. 

Jake Ermer, Vice President of Distressed Assets for the Hogan Companies, worked closely with the bank to complete the sale with a local investor. This transaction is the Hogan Companies’ and Mr. Ermer’s third recent, successful sale of bank-owned land on Maryland’s Eastern Shore, having represented lender clients in the sale of parcels in Talbot, Kent and Worcester Counties.

The Hogan Companies is the leading land firm in the State of Maryland, has been responsible for the sale of more than 30,000 acres, and assists numerous lenders with the disposition of assets.

CONTACT:
Jake Ermer
Hogan Companies
2661 Riva Road
Annapolis, MD 21401
410.266.5100 


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