The Real Deal Miami

Two Banker’s Row office buildings face foreclosure

GE Cap aims to seize properties at 230 and 240 Royal Palm Way

September 08, 2014 03:45PM

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230 and 240 Royal Palm Way

230 and 240 Royal Palm Way

Two neighboring office buildings on Palm Beach’s Banker’s Row are facing foreclosure.

General Electric Capital Corp. has filed a foreclosure lawsuit against FJK Properties and FJK III Properties. The suit concerns mortgages worth $7.2 million and $4 million, according to the South Florida Business Journal.

The complaint also names PJC Funding regarding a $3.2 million second mortgage.

The bank wants to seize the buildings located at 230 and 240 Royal Palm Way, which total 19,242 and 10,296 square feet. [SFBJ]Christopher Cameron