The Oberlin IGA grocery store is currently facing the possibility of foreclosure after its owners failed to pay an original loan of $2,855,000, according to documents from the Lorain County Clerk of Courts.
Owners of the grocery store, including Gurmukh Signh, owe more than $2.9 million — including the principal amount and accrued interest — connected to the original loan issued by ReadyCap Lending LLC in December 2021.
The original loan was issued to Seble and Abate Properties Inc. and GG and GA Enterprises Inc…