Chetrit’s Pompano Beach condo dev site, Hollywood Beach Resort units head to UCC auction

Chetrit Group’s waterfront condo development site in Pompano Beach and its units at the Hollywood Beach Resort condo are headed to a Uniform Commercial Code foreclosure auction.  The lender that provided a $17.2 million loan on both properties in 2022 filed for the UCC foreclosure, according to a public notice published in the South Florida Sun Sentinel and FloridaPublicNotices.com. The auction will be held on Dec. 22, seeking to generate $21.7 million to cover the debt’s principal, interest, default interest and reasonable fees and costs.  UCC auctions are non-judicial processes in which the ownership interest in the entities that own […]This article originally appeared on The Real Deal. Click here to read the full story.