Pompano Beach bulk condo deal made for 45% discount to foreclosure

March 27, 2015

LR5A-JV, an investment group for Massachusetts, seized 104 of the 276 condo units at Windward Lakes in 2009 after foreclosing on the $17.5 million mortgage of Bay Pompano Beach. It recently sold the units at 4001 W. McNab Road for $9.6 million to an affiliate of Hollywood-based Hon Capital.

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Bulk buyer pays $9.6 million for 104 units at Windward Lakes condos

An affiliate of investment fund Hon Capital LLC in Hollywood paid $9.6 million for 104 units at The Windward Lakes Condominiums in Pompano Beach.

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