The Real Deal Miami

Miami office building faces second foreclosure suit

Building was first subject to lawsuit in 2012
Foreclosure sign

Beneficial Funding Corp. filed second suit.

An office building in Miami-Dade has been served with a second foreclosure lawsuit.

In Miami’s Little Havana neighborhood, Hibiscus Properties and managing member Nancy Babe are facing their second foreclosure lawsuit in three years, according to a report. Beneficial Funding Corp. filed the lawsuit over a three-story, 51,100-square-foot office building located at 42 Northwest 27th Avenue.

A prior lawsuit filed in 2012 by JGB Bank was resolved in July, the South Florida Business Journal reported. That loan was recently sold to Miami-based Beneficial Funding. [South Florida Business Journal]Chris Guanche