A pair of medical office buildings near Boynton Beach have been targeted by a $10 million foreclosure lawsuit.
U.S. Bank, representing a commercial mortgage-backed securities (CMBS) trust, filed a foreclosure lawsuit June 23 against El Clair Ltd. It targets the 60,500 square feet of medical office space at 6080 Boynton Beach Blvd., surrounded by residential neighborhoods.
The managing member of the borrower is Kerry A. Greenwald in Boca Raton. He wasn’t named in the complaint.
CMBS analysis… …read more
From:: biz journal foreclosures