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South Florida

Two Banker’s Row office buildings face foreclosure

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.

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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

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ForeclosuresPalm Beach