Napa's Signorello Estate Winery Faces Foreclosure After $30M Rebuild
Signorello Estate, a family-owned winery in Napa Valley, is headed for an auction this October following a string of financial hardships. The property was destroyed in a 2017 fire, and the subsequent rebuilding process cost around $30 million while facing major delays. Declining global wine sales have further strained the business's finances. The owner now owes $37 million to lender American AgCredit, which turned down a $16 million cash settlement offer. The potential foreclosure puts a 50-year family legacy and ten jobs at risk.
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