According to the South Florida Business Journal:
Coral Gables-based Mercantil Commercebank sold the mortgage on Century Lancaster Plaza to C/Lancaster LLC, which is affiliated with Coral Gables-based Codina Partners. It covers the 0.8-acre site at 250 Minorca Ave.
This property was previously owned by Sergio Pino and his partner Juan Carlos Mendez - it had been in foreclosure but a settlement was reached before that happened. Pino's group paid $7,499,200 in 2005. The paper said the mortgage was last modified at $4.39 million.
5 comments:
What bank issued the mortgage?
Mercantil Commercebank
Concurrency Green Space 4300 S. W. 58 Avenue South Miami Park (EMPTY BASIN) another Armando Codina Project???? Red Road Commons aka UM Dormitory expansion development in the Low Income Area of the City of South Miami for Not so Low Income Residents (Affordable Housing? Yeah Right!) Tax Credits??
God help us all.
Mmm, more Codina brand failure to come...
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