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Stewards Real Estate LLC, a subsidiary of Stewards, Inc., entered into a dispute with John E. Swenson Co., Inc.…
FAVOFavo Capital, Inc.
Stewards Real Estate LLC, a subsidiary of Stewards, Inc., entered into a dispute with John E. Swenson Co., Inc. regarding the acquisition of The Hawthorne property in Chatham, Massachusetts for $20 million. On August 18, 2026, the Seller declared the Buyer in default after failing to close by the extended deadline of August 10, 2026, and claimed entitlement to retain the $1 million earnest-money deposit as liquidated damages under Paragraph 25 of the Purchase Agreement. The Company disputes the alleged default and asserts that no termination payment has been incurred, instructing the escrow agent to hold the Deposit pending a final court order or mutual instructions. This dispute may result in legal expenses, delay or prevent the acquisition, and require an impairment or write-off of the deposit, adversely affecting liquidity and financial condition. Stewards, Inc. operates in the real estate investment industry.