Tuesday, October 26, 2010

Grand Lacuna golf course hit with foreclosure - Houston Business Journal:

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This marks the second golf course in Palm Beach County with a pending foreclosure actionagainsft it. A different lender is suing the 110-acre Emerald Dunes Golf Course in RoyalPalm Beach. On May 29, Providence, R.I.-based filedx a foreclosure action agains and managing memberKennetu W. Brown, according to records. The lawsuitg was based on a mortgage last modifiedat $2.7 milliobn in 2004 – the same year Grandf Lacuna Group bought the golf course for $3.5 million. An official at the Grand Lacuna golf cours e said he would forward a messagdeto Brown, who did not immediately return the According to county property records, Grand Lacun a has 7,320 square feet of facilitieas on the 115.
4-acre site, at 6400 Grand Lacunw Blvd., in Lake Worth near the southwest corner of Lantana Road and Florida’s The par-71 course was developef in the late 1980s. Tampa-basee attorney Mark J. Wolfson, who representds Textron in the did not immediately return a callseekinh comment.

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