Clinton Portis avoids foreclosure, sells condo

Miami /
Apr.April 11, 2014 04:30 PM

Former Redskins and Broncos running back Clinton Portis dodged foreclosure by selling his distressed Miami pad for $900,000 — enough to cover the loan and then some.

Portis’ condominium in Bristol Tower at 2127 Brickell Avenue, which he reportedly nabbed for $665,000 in 2004, recently sold to 2127 Brickell Property, a company managed by Paulo Diaz.

The property was slated for foreclosure by JPMorgan and Chase, according to a lawsuit against Portis and his mother concerning the original $512,000 mortgage, South Florida Business Journal reported.

All in all, the deal garnered a 35 percent gain for the former University of Miami and NFL star, who retired from the game at the age of 30 due to injuries, according to previous reports. Other celebrity residents of the tower include music producer Pharell Williams, who put his penthouse on the market for $16.8 million in 2012 and then chopped the price by 35 percent last summer, as previously reported[South Florida Business Journal] — Angela Hunt


Related Articles

arrow_forward_ios
117 Northeast First Avenue (Getty, Gut Miami via Twitter)
Lender sues owners of downtown Miami WeWork building over allegedly unpaid loan
Lender sues owners of downtown Miami WeWork building over allegedly unpaid loan
Douglas Cramer and 5901 North Bayshore Drive (Getty, Google Maps)
“Dynasty” producer Douglas Cramer pays record $8M for Morningside home
“Dynasty” producer Douglas Cramer pays record $8M for Morningside home
Make-A-Wish South Florida CEO Norman Wedderburn and 350 Northwest Sixth Street (Getty, Google Maps)
Make-A-Wish pays $8M for Overtown dev site
Make-A-Wish pays $8M for Overtown dev site
Ari Pearl, Jonathan Leifer and 9540 West Bay Harbor Drive. (Wyndam Hotels, PPG Development, L3C Capital Partners)
Ari Pearl, Jonathan Leifer acquire Bay Harbor Islands hotel out of foreclosure
Ari Pearl, Jonathan Leifer acquire Bay Harbor Islands hotel out of foreclosure
Ben Bernstein and Ryan Shear with a rendering of the project at 2407 Northwest 2nd Avenue, Miami (RedSky, PMG, Google Maps)
PMG adds to assemblage of planned Society Wynwood project
PMG adds to assemblage of planned Society Wynwood project
Pamela Applebaum and The Bristol
Daughter of drugstore mogul sells Bristol condo unit for $16M
Daughter of drugstore mogul sells Bristol condo unit for $16M
Michael Stern and a rendering of the project (Getty, JDS Development/SHoP Archictects)
Michael Stern pays $24M for future site of 62-story Brickell tower
Michael Stern pays $24M for future site of 62-story Brickell tower
Lexington Realty Trust's Wilson Eglin and 5600 Broken Sound Boulevard, Boca Raton (Google Maps)
HSBC to take over Boca Raton office building following foreclosure auction
HSBC to take over Boca Raton office building following foreclosure auction
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...