The Real Deal Miami

Ocean Bank forecloses in Hialeah

August 21, 2009 01:57PM

Lender Ocean Bank foreclosed on affiliates of Coral Gables-based BH Capital Partners, Hialeah 150 and Villas Del Paraiso I, in a $16.8 million case. The 116 unsold units of the 151-unit development will be auctioned February 12. This is one of four foreclosure actions against affiliates of BH Capital. Ocean Bank repossessed its Crescent Cove Condominiums in Coral Springs and has a pending foreclosure lawsuit against its Villa Bellini Condos in Miami Lakes. Mercantil Commercebank has a foreclosure case against BH Capital’s 2560 South Ocean condo in Palm Beach.