The owner of the Stonegate Bank Plaza office building in Boca Raton resolved a foreclosure lawsuit by refinancing the property.
Wells Fargo Bank, representing a commercial mortgage-backed securities (CMBS) trust, filed a $25.3 million foreclosure lawsuit in November 2014 against Arbern Investors IV and managing member Morris “Skip” Stoltz II. The loan was later sold to 301 Yamato Note, which is registered to the Corporation Trust Co. in Wilmington, Del.
The 382,503-square-foot office building,… …read more
From:: biz journal foreclosures