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CORAL GABLES, FL-The South Florida Business Journal reports that two banks, locally based Bank of Miami and Israel Discount Bank of New York City, have initiated foreclosure actions against borrowers. Israel Discount Bank filed action against the owners of two multifamily buildings in Hollywood, FL; while Bank of Miami has initiated proceedings against owners of two apartment complexes and an Exxon station in Fort Lauderdale.

The Business Journal’s Bank of Miami article says foreclosure action was initiated against Pablo Barreiro and Juan P. Lorenzino, owners of apartment complexes at 1180 N.E. First St. and 4317 N.E. 21st Ave.; and an Exxon service station at 1100 N. Federal Highway. The total amount owed is $4.8 million, out of a $5.3 million mortgage.

The article about Israel Discount Bank indicates the institution filed against HBL LLC and managing member Danny Dabby in San Diego. The borrower owns multifamily property at 335, 340 and 355 New York St.; 609 N. Ocean Drive; and 340 Fillmore St., as well as an auto center at 525 N. Ocean Dr.

Read more about Israel Discount Bank’s foreclosure initiation here, and Bank of Miami’s actions here.

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