The recent buyer of the former Bertram Yacht property on the Miami River has been hit with a $16 million foreclosure lawsuit.
Birch Commercial Mortgage, an affiliate of San Francisco-based Alecta Real Estate Investment, filed the foreclosure lawsuit on Jan. 25 against Interterra Investments Group and Intermarine Investments. It concerns a mortgage issued for $16 million in August 2015 that allegedly went into default on Jan. 22.
Horacio Stuart Aguirre, who represents the property owner, said he’s… …read more
From:: biz journal foreclosures