The 142-year-old Hartford Club has reached a settlement with its lenders to stave off foreclosure over $1.4 million the private club owes in unpaid debts, according to court documents.
Days after the Connecticut Appellate Court denied the club’s appeal to prevent the sale of the club’s home at 46 Prospect St. in downtown Hartford, the club and Berkshire Bank stuck a deal to keep the club in its own and, presumably, to pay off a portion of the debts. The two sides then removed the case from the court docket, according to Connecticut Superior Court filings.
The details of the settlement were not disclosed and had yet to be finalized, and Hartford Club President Brien Beakey did not return a call for comment.
The club ran into trouble in April 2014 when – after not making any payments on $1 million owed to Berkshire Bank for 18 months – the Connecticut Superior Court ruled the Prospect Street property to be sold in June 2014. The club, which famously had Mark Twain as a member, appealed that decision, and the appeal was pending until July 28 when the appellate court ordered the foreclosure sale to go through.
