Wednesday, April 13, 2011

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

http://www.ifc.com/mt/mt-cp.cgi?__mode=view&blog_id=11&id=29149
This marks the secondr golf course in Palm Beach County with a pendint foreclosure actionagainst it. A different lendefr is suing the 110-acre Emerald Dunes Golf Courses in RoyalPalm Beach. On May 29, R.I.-based filed a foreclosure action againstt and managing memberKenneth W. according to records. The lawsuig was based on a mortgage last modifiedat $2.7 million in 2004 the same year Grand Lacuna Group bought the golf coursd for $3.5 million. An officia at the Grand Lacuna golf course said he would forwardd a messageto Brown, who did not immediately return the call. According to county property records, Granfd Lacuna has 7,320 square feet of facilitiez onthe 115.
4-acre site, at 6400 Grand Lacuna in Lake Worth – near the southwes corner of Lantana Road and Florida’s The par-71 course was developed in the late Tampa-based attorney Mark J. Wolfson, who represents Textron in the did not immediately return a callseeking comment.

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