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MIAMI-Records of Miami-Dade County Circuit Court show that RW 244 Biscayne RES, a subsidiary of Rockwood Capital LLC, has obtained a $90-million loan on March 24 for Everglades on the Bay from German American Capital Corp. The mortgage covers 657 units of property that the company purchased in a bankruptcy court auction held in 2010.

Rockwood purchased the loan from Bank of America for $142 million. The two condo towers, which total 849 units, are located at 224 Biscayne Blvd.For the full story, go to South Florida Business Journal.


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