Troubled multifamily investor Jon Venetos, founder of Dallas-based Lurin Capital, is facing two new lawsuits from Keybank over alleged defaults on $24 million in loans. According to filings with the Dallas County District Court, Keybank claims Venetos defaulted on a $16.85 million loan for Villas Del Tesoro at 7802 Villa Cliff Drive and a $7.15 million loan for 46 Eleven at 4611 Samuell Boulevard, both located in Dallas.
Keybank has requested the court appoint an emergency receiver for these properties. The bank alleges that Venetos personally guaranteed the loans, which were refinanced in October 2024. The lender asserts that monthly interest payments stopped in June and that the loans were not paid off upon maturity in October. In addition to missed payments, Keybank claims Venetos failed to pay property taxes and insurance and allowed liens against the properties.
The lawsuit also alleges that Venetos transferred $24,570 from his Keybank accounts to a personal account. Inspections conducted by the bank in October 2025 reportedly found multiple units out of service, deferred repairs, and mold issues at both properties.
According to Keybank’s filing: “Leaving the properties in Venetos’ control threatens to accelerate the deterioration of the assets.”
These legal actions are part of a series of lawsuits from various lenders against Venetos this year. In April, Acore accused him of defaulting on nearly $400 million in loans tied to properties in Florida and Texas and began auctioning off some Florida assets. Acore is seeking an $81 million judgment against him.
Over the past three months, additional lawsuits have been filed by Select Securities Europe (alleging defaults on 15 loans totaling $40.5 million), Fannie Mae (regarding a $77.2 million loan linked to a Houston apartment complex), and Vista Bank (claiming he still owes $3 million on a loan for a Fort Worth property). Vista Bank’s lawsuit includes allegations that Venetos attempted to obtain credit using false or altered statements.
Lurin Capital was also recently subject to a temporary restraining order requiring residents at one Plano property to vacate due to unsafe living conditions such as lack of water, sewer, or gas access.
