The Real Deal Miami

Testa’s avoids property auction

March 24, 2011 10:18AM

The Testa family has managed to refinance the loan on its restaurant on
Palm Beach’s Royal Poinciana Way, Testa’s. The sale had been set for
today, but is now out of the docket, according to the office of the Palm
Beach County Clerk of Court. “We are very pleased to say the least,”
said Tom Testa in a release. “Having a mortgage come due at the start of
the worst economic crisis our country has seen since the Great
Depression was a challenge no one in our family ever imagined.” The
family holds title to the property, which is located at 219 and 221
Royal Poinciana, along with title to 231 Royal Poinciana. [Palm
Beach Daily News]