FARGO – Lenders have notified North Dakota Natural Beef LLC of their intent to foreclose on a meat-processing plant here, officials say.
Dieter Pape, president and chief executive for the defunct company, says N.D. Natural Beef vacated its plant in late November.
“All we were really doing was utilizing some space in the plant, keeping it in operating conditions for potential sale,” Pape said. The facility served as collateral for loans for lenders, including the North Dakota Bond Authority.
George B. Sinner, with American Federal Bank in Fargo, whom Pape identified as one of the lenders in the project, declined comment on its status. Sinner, who recently was elected to the state Senate, cited confidentiality rules and said other lenders also likely would be unable to comment. Neither the Cass County recorder’s office nor sheriff’s department had the plant on a list of foreclosures as of Dec. 12.
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