Developer Kent Swig’s personal-loan problems are escalating by the millions.

Deutsche Bank is claiming Swig defaulted on all but $500,000 of $11.3 million in personal loans, according to a lawsuit filed by the German bank in state Supreme Court.

Sources say Deutsche Bank filed the suit to secure its place in line among lenders. News of the lawsuit was first reported by The Real Deal.

To be sure, Swig is not the first big developer to have defaulted on loans in the souring economy. But he is the first of the brick and mortar bigwigs to be caught in such a downward spiral that he has hinted he might have to file for personal bankruptcy to fend off lenders.

A recent judgment ordered Swig to pay back $28 million to Square Mile, a real estate investment fund, and last month another fund won a $3.9 million judgment. In July, Citigroup filed a lawsuit to recover $4.9 million.

Swig could not be reached for comment at press time.