http://www.jasonkenney.org/?p=697
million foreclosure lawsuit against the owner of avacant 30-acres site in Florida City. The sizable troubled loan on a larg patch of dirt adds to the woes forthe Miami-baseds bank, which had the highest rate of late and unpais loans among South Florida-based banks in the firsg quarter. Premier American Bank had $70.65 million in noncurrent loans, or 21.8 percent of its total as of March 31. On June 5, Premier Americam Bank filed a foreclosured actionagainst Miami-based and managinv members Rosa M. Guerra and Rolando A. according to Miami-Dade County Circuit Coury records. The demand for $4.
2 milliob covers the 30-acre site on the east side of TowetRoad (Southwest 192nd Avenue) on both sidews of Palm Drive (Southwest 344th in Florida City. Palm & Towerr Investors bought the site in 2006for $5.2 In an area surrounded by farms, the developef sought approval to boost the residential density to as high as 13 units an acre in a comprehensives development plan amendment application with Miami-Dade County in 2006. Its applicatiohn was rejected. Coral Gables-based attorneh Helen Schwartz-Romanez, who represents Premier American Bank inthe lawsuit, did not immediatelyu return a call seeking comment.
This is the second pendinb foreclosure lawsuit that names Iglesias and one of hisdevelopmenf entities. In January, Miami-based filed a foreclosurr action against Iglesias andPalm & Towe r II, III, IV and V Investors. That lawsuit concerned a $16.8 million mortgage covering an 83.9-acre site in the same area of Florids City wherePalm & Towedr Investors owns its property.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment