The Dania Beach Boat Club has fallen into foreclosure for the second time, both with the same manager.
Revere High Yield Fund filed a foreclosure lawsuit on Dec. 21 against Dania Beach Marina Corp. and owner Michael M. Lally. It targets the 196 boat storage slips and the marina at 90 N. Bryan Road.
The Connecticut-based lender said it made Dania Beach Marina Corp. a $2.1 million loan in August 2014 and it defaulted after failing to pay it off upon maturing on Oct. 31, 2015. The borrower owes $2.06… …read more
From:: biz journal foreclosures