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million foreclosure judgment against the owner of the Villagwe at WestMiami Condominium. Developer Fountain Star Investment Group of Miami owns 21 units in the building at5984 S.W. 8th St. (Tamiam Trail) in West Only five units were sold. filed a foreclosured lawsuit against the developer in 2008 overa $3.5 millio delinquent mortgage. While the case was the bank sold the mortgageto Tampa-based CRP II-Fountain Star. That company is managed by Community ReinvestmenftPartners II, a distressed real estate fund started by Forge Capitalk Partners and DeBartolo Development, both of Tampa. The Web site for CRP II said it has raisexd morethan $85 million from investors, including Regionse Bank.
An official at Forge Capital didn’t immediatelyt return a call seeking comment. The public auction of the 21 unitd in the Village at West Miami is setfor Nov. 13 at 11 a.m. at the Miami-Dadde County Courthouse. However, CRP II-Fountain Star likely will have the inside track to acquire the property because it holdsthe
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