The Real Deal Miami

Tuscan Villas units in foreclosure

March 14, 2011 11:51AM

Iberiabank filed a lawsuit against Tuscan Villas of Lake Worth and
managing member James Paisley targeting 12 units at the project, which
was completed in 2007. Tuscan Villas is located at 1001 North Federal
Highway. Four units have been sold by the developer. M. Scott Thomas, a
St. Augustine attorney representing Iberiabank, did not return a call
seeking comment. The $4.5 million mortgage was first granted in 2006 by
Orion Bank, whose assets were acquired by Iberiabank in 2009. [SFBJ]