- DEAL TYPE
- :Note Acquisition
- PROPERTY TYPE
- :Residential Land Development / SFH
- MARKET STATUS
In April 2009, 13th Floor purchased the mortgage and note secured by Orchid Grove, a master planned community located in Pompano Beach, FL. At the time of acquisition, the loan collateral consisted of 62 finished townhome units, 236 finished townhome lots, and 2 development pads for 96 condominium units. In September 2010, 13th Floor finalized the foreclosure and took title to the loan collateral.