The Third District Court of Appeal reverses a decision saying a lender should accept late loan repayment rather than the underlying real estate collateral.
November 06, 2020 at 02:20 PM
1 minute read
South Florida real estate reporter
Two St. Regis Bal Harbour luxury condominium units must be transferred to a Miami private equity company that won an appeal to enforce an agreement pledging the real estate as collateral.
Safe Harbor Equity affiliate SHEDDF2-FL3 LLC is to take ownership of the top-floor units in the 27-story oceanfront hotel-condo tower from Penthouse South LLC and Parkwest Century LLC, limited liability companies led by Brazilian businessman Claudio Rossi Zampini.
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Christopher B. Spuches, founding member of Agentis. Courtesy photo
