An affiliate of C
ourtyard by Marriott purchased one of the hotels for sale in South Beach, the Seville, for $57.5 million. The foreclosure claim filed on the Miami commercial real estate property was $9.5 million more then what it was purchased for.
ourtyard by Marriott purchased one of the hotels for sale in South Beach, the Seville, for $57.5 million. The foreclosure claim filed on the Miami commercial real estate property was $9.5 million more then what it was purchased for.The $67 million foreclosure lawsuit against Fortune International President Edgardo Defortuna and Lionstone Group managing member Alfredo Lowenstein was promptly released when the short sale was allowed by First Bank Puerto Rico on June 30th.
Complete Article....Seville Hotel sold for in $58M short sale
1 comment:
Has anyone done a short sale in Real estate? Let me know what the lenders are looking for. Anyway thanks for this great post.
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