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

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

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.