Opened to fanfare on New Year's Day 2021 with a sprawling, custom-built facility in Waukee, Kinship Brewing is now under foreclosure and facing an uncertain future, though its owner maintains it will survive.

The brewery, at 255 N.W. Sunrise Drive, and the limited liability company that owns the property, Sunrise Drive Acquisitions, owe Lincoln Savings Bank almost $6 million, according to the foreclosure action.

Lincoln filed the foreclosure Oct. 26, saying that Sunrise defaulted on loans of $3.5 million and $2.4 million and that Kinship has failed to keep up payments on an operating loan with a $44,898 balance. The combined debt adds up to more than $5.9 million, with interest continuing to accrue, the foreclosure says.





No comments have posted.

Leave a Comment

You must be signed in to leave a comment.