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Foreclosure filed on former Bertram site on Miami River, report says

A foreclosure has been filed againt the buyer of the former Bertram Yacht property on the Miami River, the  South Florida Business Journal reports.

Birch Commercial Mortgage filed the lawsuit against Interterra Investments Group and Intermarine Investments. The buyers’ $16 million mortgage went into default on Jan. 22, the Journal says.

Horacio Stuart Aguirre, who represents the property owner, told the Journal that new financing should resolve the foreclosure soon.

For a full report, go to the South Florida Business Journal.

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