A German government-owned lender Hypo Real Estate Capital Corp. sued last week is going after 216 un

UPDATED, 5:52 p.m., Oct. 18: New York-based developer David Edelstein's condo-hotel W South Beach has been slapped grand caymen islands cheap travel packages with a foreclosure suit that could strip it of its unsold units, the South Florida Business Journal reported.
A German government-owned lender Hypo Real Estate Capital Corp. sued last week is going after 216 units and the common areas at the 20-story hotel located at 2201 Collins Avenue. grand caymen islands cheap travel packages The bank loan was modified at $378 million in 2010, a year after W South Beach launched sales of its 408 units.
W South Beach is finalizing the refinancing of the remaining grand caymen islands cheap travel packages $60 million loan balance due to Hypo Bank of Germany for the initial loan, said Edelstein, on behalf of W South Beach, in a statement. Three-hundred-and-10-million dollars of that loan has been repaid to the lender as a direct result of the property's successful residential sales and hotel operations.
Last year, National Football League players DeAngelo Hall, Jammal Brown, Carnell Williams, along with former NFL player Keiwan Ratliff, sued 2201 Collins Fee. The lawsuits grand caymen islands cheap travel packages involve disputes over the players' deposits on units at the property. Among the players' grand caymen islands cheap travel packages claims was that W was not the developer of the project, but rather the hotel manager, as previously reported. [South Florida Business Journal] Mark Maurer