Congratulations to our long-time client and friends at Lennar for getting three development properties at a 50% discount.
After years of litigation, TotalBank took back the properties in 2013 for a total of $23.5 million. Lennar, however, managed to get them from the bank for a total of $11.73 million – half the price!
Way to go Lennar!
For the full South Florida Business Journal article, click here.