An affiliate of RocaPointe Capital Miami picked up the mortgage of a Bay Harbor Islands property facing foreclosure.
In April, Everbank filed a foreclosure lawsuit against the 1177 Kane Concourse Partnership over a $5.95 million mortgage, according to the South Florida Business Journal.
EverBank has now sold that loan to GT RP Miami Fund, which is part of Patrick Leonard-managed RocaPoint Capital.
This is the second pending foreclosure RocaPoint Capital has against property’s managing parnters Martin and Andrew Taplin.
In October, the company filed a foreclosure lawsuit against the Taplin Company over an office building on Brickell Avenue. [South Florida Business Journal] – Christopher Cameron