JBG Development Drops $16M BrickellHouse Foreclosure Suit

Law360, New York (November 25, 2013, 10:43 PM EST) -- JBG Development LLC reportedly voluntarily dismissed in Florida state court on Thursday a foreclosure action claiming, among other things, breach of contract by BrickellHouse Holding LLC, after one of BrikellHouse's principals paid off a $15.8 million loan.

Harvey Hernandez paid $17 million plus attorneys’ fees to lienholder JBG Development on a loan that was due in the summer of 2016, according to the Miami Herald.

JBG Development filed suit last month, claiming that BrickellHouse failed to repay any of the August 2012 loan, which was made...
To view the full article, register now.