Chasen Cos., a Baltimore development firm that gained steam during the pandemic housing boom, faces new legal trouble after a bank alleged it defaulted on a nearly $14 million loan.

Court records filed this month show that a company subsidiary, which owns one property on the 500 block of South Broadway and two others behind it on the 500 block of South Regester Street, failed to make payments on a $13.7 million loan from PeoplesBank, a Pennsylvania-based lender that has since merged with Orrstown Bank.