The Real Deal Miami

Investors pick up $15.6M non-performing South Florida loans

August 06, 2010 02:30PM

First Market Properties, a distressed real estate investment firm with offices in New York and Florida, has acquired $15.6 million worth of non-performing loans on multi-family properties in Miami-Dade and Broward counties, the company said this week. The 17 properties involved ranged from five to 40 units, and their debt went in an all-cash transaction. FMP is now planning to target investors and buyers for the properties, said Aaron Kurlansky, head of South Florida acquisitions for FMP. TRD