arbor coconut grove project

Stalled Coconut Grove Condo Trades In Deed In Lieu Of Foreclosure

Miami-based 3034 Oak Park LLC transferred the incomplete Arbor condominium to Arbor Grove Development LLC. The deed is in lieu of foreclosure in exchange for the lender releasing $20.96 million in personal guarantees against the seller, but the original loan remains in place on the property.

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