/ / Miami’s Filling Station Lofts project sells at $18M discount

Miami’s Filling Station Lofts project sells at $18M discount

January 29, 2013 165 0
Miami’s Filling Station Lofts project sells at $18M discount

After being stalled for years, the Filling Station Lofts project in Miami was sold at a $17.7 million discount to its foreclosure mortgage and the buyer plans to see it to completion.

PAC Capital seized it in foreclosure after buying a $26.9 million mortgage from Ocean Bank. Intrepid Group was the developer that started the 17-story project at 1650 N.E. Miami Court but ended up losing it.

Source: http://bit.ly/VXJzDD

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