The Real Deal Miami

Little Havana complex in $3.5 million judgment

May 09, 2010 10:19PM

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Bank of Miami has won a $3.5 million foreclosure judgment against
Havana Apartments LLC, according to Miami-Dade County Circuit Court
records. The suit concerns ten parcels on 1.6 acres in Little Havana,
at 742-780 NW 36 Street and 755-765 NW 35 Street. The company bought
the sites five years ago for $1.5 million, although not all of the land
has been developed. The properties are set for electronic auction Aug.
5. The $3.5 million number included a $2.6 million loan, in addition to
interest and fees. [SFBJ]

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