The $4.9 billion Ginn sur mer resort project is more than 16 quarters delinquent totaling a $78 million in debt. The lenders, led by Credit Suisse urged the Supreme Court to allow them to foreclose on 1,476 acres of prima Bahamian real estate-. According to documents filed with the Bahamian Supreme Court last month, Credit Suisse [...]
This isn’t the first foreclosure lawsuit Irwin Tauber, CEO of Bay Harbor Islands-based Taubco faces. It’s the fifth in a series of lawsuits but this one might be the last one, as it is the biggest foreclosure lawsuit which could result in the loss of his Causeway Square mixed-use project. Wells Fargo filed a foreclosure [...]
LeBron James is making a splash in South Florida after joining the Miami Heat, but the Cavalier Hotel is going down. The lender, BDP Bank filed a foreclosure lawsuit against the property owner, Ocean Drive Investment, Cavalier Hotel and managing member Ralph Abravaya, the Miami-Dade County Circuit Court records show. The lawsuit papers talk about [...]
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