fbpx

Best Meridian Insurance Company Aims for Triple-Play in Foreclosure Market

In a bid to recover a combined $11.6 million mortgage debt, Best Meridian has initiated legal action against the owners of a Fort Lauderdale office building and a church-school complex in Miami. The lawsuits, filed separately in Miami-Dade and Broward counties, underscore the lender’s resolve to protect its interests.

One lawsuit targets an entity managed by Janalie Bingham, CEO of Wells Real Estate Investment, over the Bank of America Financial Center in Fort Lauderdale. Despite securing a substantial loan from Best Meridian, the borrower allegedly ceased payments, prompting legal recourse.

Meanwhile, in Miami’s vibrant Buena Vista neighborhood, another lawsuit unfolds against Emy Etienne Jr. and his entity overseeing Ebenezer Christian Academy and Full Gospel Assembly church. Despite a past property acquisition, loan default issues have surfaced, signaling challenges for the borrower.

While Best Meridian pursues legal avenues, discussions for resolution are underway with the respective parties. Both cases highlight the complexities inherent in real estate transactions and underscore the importance of prudent financial management.

As the legal proceedings progress, the outcomes will undoubtedly shape the future landscape of these properties and offer valuable insights into navigating the intricate world of real estate investments in South Florida.

Property Deals

Commonwealth Commons 2881 E Oakland Park Blvd Fort Lauderdale, FL 33306

Commonwealth Commons, located at 2881 E Oakland Park Boulevard, is a standout office building in the heart of Fort Lauderdale, just steps from the...

Victoria Apartments at 1051 NW 2nd St Miami, FL 33128

Victoria Apartments: Fully Renovated 20-Unit Investment Opportunity in Miami The Victoria Apartments, originally built in 1925, has undergone a complete transformation. This 20-unit, three-story building...

103 Unit Opa-Locka FL

Exciting Investment Opportunity: Miami Central Multi-Family Portfolio – 103 Units Available for $18.5M A prime investment chance awaits in the heart of Miami with a...

More Posts