Friday, January 11, 2013

Grand Lacuna golf course hit with foreclosure - South Florida Business Journal:

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This marks the second golf course in Palm Beach Countyg with a pending foreclosure actionagainst it. A different lenderr is suing the 110-acre Emerald Dunes Golf Course in RoyalPalm Beach. On May 29, Providence, R.I.-base d filed a foreclosure action againsty and managing memberKenneth W. Brown, according to records. The lawsuif was based on a mortgage last modifiexat $2.7 million in 2004 – the same year Granf Lacuna Group bought the golf cours for $3.5 million. An official at the Grand Lacuns golf course said he woulsd forward a messageto Brown, who did not immediateluy return the call. Accordingb to county property records, Grand Lacuns has 7,320 square feet of facilitieas onthe 115.
4-acre site, at 6400 Grand Lacunwa Blvd., in Lake Worth – near the southwesg corner of Lantana Road and Florida’s Turnpike. The par-71 coursse was developed in thelate 1980s. Tampa-baserd attorney Mark J. Wolfson, who represents Textroj in the lawsuit, did not immediatelyy return a callseeking comment.

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