The Real Deal Miami

Espirito Santo Bank files foreclosures on four properties in Miami-Dade

April 15, 2010 10:58AM

Espirito Santo Bank has filed four foreclosure actions against Miami companies, with the actions involving multi-family and industrial properties. The $3.5 million industrial foreclosure involves a 21,905-square-foot condo unit in Miami Lakes. The three multifamily properties are all in Hialeah. The buildings targeted involve one with a $950,000 mortgage on an 18-unit building, a $675,000 mortgage on a 12-unit building, and a $2.4 million loan on a 48-unit apartment building. The Miami-based bank reported $23.6 million in non-current loans as of Dec. 31. [SFBJ]