BSPV-Plano reports $580,272 net loss for April, cash up

By Sarah Lizee

Olympia, Wash., May 24 – BSPV-Plano, LLC reported a $580,272 net loss on $13,582 of gross income/sales for April, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of Texas.

In comparison, the company reported a $580,196 net loss on $9,493 of gross income/sales for March.

The company had a cash balance of $50,545 at the end of April, compared to $31,554 at the end of March.

The Plano, Tex.-based company was formed in May 2018 to acquire, own, develop and operate an independent senior luxury apartment community known as the Bridgemoor at Plano. It filed Chapter 11 bankruptcy on March 1 under case number 22-40276.

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