Wells Fargo Bank is asking a judge to take control of a troubled Boca Raton, Fla., condo conversion that the bank lent $91 million to purchase and redevelop, according to a suit filed in Florida’s Palm Beach Circuit Court.

Wells Fargo claimed in the suit filed July 5 that the Boca Raton developer, BelAire at Boca, failed to make its loan payments.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]