Strada 315 | Developer Files for Bankruptcy Protection
Written by on February 28th, 2008 in Real Estate.
Fort Lauderdale Condo Developer Files for Bankruptcy Protection The Strada 315 Condominium developer, Strada 315 LLC, has filed for chapter 11 bankruptcy in Fort Lauderdale, Florida. Official court documents state that the developer was unable to reach an agreement with their lender, Regions Bank. The developer was trying to strike a deal with the lender to extend a $34.8 million loan on the project. This came as a surprise to many because in the past two months the developer was able to sell