The Mizner Place office park in West Palm Beach has been targeted for foreclosure.
U.S. Bank, representing a commercial mortgage-backed securities (CMBS) trust, filed a foreclosure lawsuit on June 1 against Foundation IV LLC. The borrower is managed by Brian K. Waxman, Peter J. Applefield and Mali Liberty in Palm Beach Gardens, but none of them were named in the complaint.
According to CMBS analysis firm Trepp LLC, the Mizner Place loan was delinquent since January with $4.93 million in principal…
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