BSPV-Plano reports $651,784 net loss for April

By Sarah Lizee

Olympia, Wash., May 23 – BSPV-Plano, LLC reported a $651,784 net loss for April on $67,329 of gross income/sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Eastern District of Texas.

To compare, the company reported a $3.6 million net loss for March on $156,061 of gross income/sales.

The company had a cash balance of $491,005 at the end of April, up from $422,476 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, 2022 under case number 22-40276.

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