MIAMI-BankUnited's affiliate has sold four North Miami apartment complexes for $3.6 million, an amount that is 74% lesser than the debts owned by the properties. TCRG North Miami Apartments, administered by Tomas Cabrerzio and CFH Group based in Miami, has purchased the properties comprising 274 bedrooms in total. The Chelminsky family was the owner of the properties.
The Chelminsky family lost the properties to foreclosure in 2010 when it failed to repay the $13.7 million worth mortgages.For the full story, go to South Florida Business Journal.
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