NORTHRIDGE : Owners of Collapsed Complex Default on Loan

The owners of the Northridge Meadows apartments, already facing several lawsuits in connection with the building’s collapse in the Jan. 17 earthquake, have defaulted on a $14.7-million loan for seven other buildings they own, according to an investors’ lawsuit.

Shashikant and Renuka Jogani, owners of Northridge Meadows and about 50 other apartment buildings, defaulted on Feb. 1 and owe $145,429 in back payments, according to a foreclosure suit filed Monday in Superior Court by a New York-based group of foreign investors, the WHC-One Limited Partnership.

Attorneys for the investors would not comment. Jay Ford, a lawyer for the Joganis, said: “We are right now in the process of trying to negotiate a resolution.”

The latest foreclosure action involves properties in the San Fernando Valley, Jogani’s attorneys said. Some were damaged in the quake but none was red-tagged.

In their lawsuit, the investors are seeking a court-appointed receiver to collect rents and maintain the complexes. The investors are also asking the court to allow the receiver to hire environmental specialists, gain access to the buildings’ plans and construction documentation and make sure the buildings are properly insured.