Repossessed buildings on Banker’s Row’ sold at loss

By Brian Bandell

A pair of repossessed buildings on Palm Beach’s Banker’s Row, a strip on the wealthy island known for high office rents, sold at a 19 percent loss to its foreclosed mortgage.

Insurance company Investors Warranty of America seized the 23,245 square feet of office space at 205 Royal Palm Way in 2009 after foreclosing on a $17.35 million mortgage with Royal County LLC and Robert V. Matthews. It recently sold the property for $14 million to 205 Royal Palm Way LLC, managed by Jason Kalisman.

He’s… …read more

From:: biz journal foreclosures

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