Broward beach resort headed to foreclosure sale over $40M debt
A South Florida beach resort once operated by defunct short-term rental startup Sonder is headed to foreclosure auction next month over a $40 million debt. A Broward judge entered a final foreclosure judgment in April against the ownership entities of Hillsboro Beach Resort, which are controlled by BH3 Management principals Daniel Lebensohn and Gregory Freedman, after they defaulted on a $26 million loan from an Emerald Creek Capital affiliate, according to court records and Vizzda. Emerald Creek filed the foreclosure lawsuit in February. The judgment includes accrued interest and fees, with the foreclosure sale for the oceanfront property at 1159 […]This article originally appeared on The Real Deal. Click here to read the full story.
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