A $7.71 million foreclosure lawsuit aims to seize an office condo building in Royal Palm Beach. A group of EB-5 investors, however, are fighting to trump the bank’s interest in the property.
Centennial Bank filed the foreclosure lawsuit Oct. 4, 2018, against Royal Palm Development I LLC and Joseph Walsh Sr., head of Palm Beach-based South Atlantic Regional Center (SARC), as guarantor. It targets 60 office condos at 9100, 9150, 9200 and 9250 Belvedere Road.
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