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South Florida

Venezuelan vulture group buys foreclosed Cynergi condos for $31 million

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A Venezuelan investment firm has purchased 98 units in Cynergi, the foreclosed Miami condominium project owned by Banco Popular, for $30.6 million. The project sold only four apartments in the 102-unit tower before the 12-story building went into foreclosure. Venezuelan investors Hugo Amaya and Vicente Carrillo manage Wellmeaning Properties, the listed buyer of the condos.