32 Single-Family Homes & 41 Homesites
Boynton Beach, FL
In June 2018, 13th Floor purchased the notes and mortgages secured by two adjacent single family residential communities, the Estates at Boynton Waters and Enclave at Boynton Waters, in Boynton Beach, Florida. The communities were comprised of 32 partially improved homes and 41 vacant developed homesites. The borrower sold 40 homesites to payoff one of the loans. 13th Floor took title to the remaining 33 homesites and sold them to a national homebuilder.