A lender disposed of a pair of foreclosed medical office buildings in Boynton Beach, resulting in a $4.35 million loss to a loan fund, according to Trepp LLC.
U.S. Bank, representing a commercial mortgage-backed securities (CMBS) trust, won a $10.5 million foreclosure judgement in March against El Clair Ltd., managed by Kerry A. Greenwald in Boca Raton, over a loan with $9.67 million in principal outstanding. Greenward was not named in the judgment.
The lender sold the mortgage in August to El… …read more
From:: biz journal foreclosures