Hollander 95 is a business park that was being developed on the east side of Baltimore. But now the company that is developing is has to go in for bankruptcy filing as it has missed a payment to the former Provident Bank. This is also being said that M&T Bank refused to give it forbearance agreements that would have allowed the company to get some time to get the required finances and come out of bankruptcy proceedings. This is something that has pushed the company to the jaws of insolvency leading to bankruptcy filing, which is what they all wanted to avoid but could not. It seems that the builder missed out a single $11.8 million payment, which is why it had to go in for the bankruptcy proceedings that are all so demeaning to any company.
The M&T Bank would not allow any time which is why the property was to go in for a foreclosure. To avoid this foreclosure, the property owners had to mandatorily file for bankruptcy even if it meant that their dreams of getting the project off the ground had to gets helved. This was unfortunate but true, because if a bank goes against you, there is very less that you can do.