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The $225 million mortgage was part of $2 billion in troubled loans. Miami-based company, bought the note for about $160 million, said Mark Pordes, a real estate broker who handled the transaction..
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For many lenders, that means concentrating again on aligning with real estate agents and home builders." Joseph Falk, president of the Florida Association of Mortgage Brokers and vice president of.
Other sectors of real estate also are projected. by the dozens in a rash of deals in Broward and Palm Beach counties. The largest: A Miami company’s $160 million purchase of the mortgage on Trump.
The Miami. in mortgage credit quality, decreasing foreclosure rates, and a drop in excess housing supply. Only 10 percent of the $41 billion of distressed commercial real estate from a year ago has.
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