Missionary Baptist Church in Solid Rock is hoping to stop foreclosure and solve its financials after it filed for Chapter 11 bankruptcy protection on January 19. The church, which itself it is a nonprofit institution faced harsh times lately specially with its financials, and it was set to lose its 25,647 square-feet facility that sits [...]
A Sunrise shopping center will be pushed through the foreclosure pipeline by a securitized lender. WBCMT 2006-C24 Retail at 7738 LLC represents a CMBS (commercial mortgage-backed securities) trust with Miami Beach-based LNR Partners as the special servicer. The entity filed a foreclosure lawsuit last year just beforeChristmas against Infinity Lincoln Park, a Bay Harbor Island-based [...]
Stephen Ross, the owner of Miami Dolphins has managed to shut out 33% of the investors in his mortgage on CityPlace. However, he only managed to achieve that for the next 36 months, according to information provided by Trepp LLC. The firm dug up the details of the loan modification that was signed off Ross [...]
The founder and CEO of Kaufman Lynn Construction Michael Kaufman stated a couple days ago that he and his lender signed an agreement that forces him to turn over a Boca Raton office building to banks that filed foreclosure lawsuits against his company. The good news for Kaufman is that the agreement allows him to [...]
The largest Islamic school in South Florida faces foreclosure lawsuit filed by Pembroke Pines resident E.M. “Pat” Segall. The lawsuit was filed against nonprofit Islamic Foundation of South Florida, formerly known as the School of Islamic Studies of Broward, targeting the 11,831-square-feet religious school that sits on 11.5 acres. The school is located at 5455 [...]
The Jaracanda Plaza in Plantation faces a foreclosure lawsuit filed at the end of last year by an affiliate of Palm Beach Gardens-based RAM Realty Partners. Jaracanda Plaza Partners is affiliated with RAM Realty, filed a foreclosure lawsuit against Plantation Realty Associates on December 1. According to informations obtained by the South Florida Business Journal, [...]
A Fortress Investment Group affiliate filed a foreclosure lawsuit against the owners of the Ten Aragon building. The lawsuit documents mention about 65,000 square-feet of commercial space, located at 10 Aragon Avenue, which straddles Miracle Mile and Merrick Way. The owner of the property is Prospect Aragon, an affiliate of New York-based Prospect Capital Group, [...]
One Jordache Enterprises affiliate, VM South Beach filed a foreclosure lawsuit on the last working day before Christmas against mansion owner Casa Casuarina and managing member Peter T. Loftin, concerning a $25 million mortgage that the plaintiff purchased from German bank WestLB AG on December 16. However, Loftin anticipated the foreclosure lawsuit so Casa Casuarina [...]
