High-End Florida CCRC Defaults on $158.2 Million Loan, in Danger of Receivership

A high-end continuing care retirement community in Florida has defaulted on its $158.2 million mortgage loan, and the state Department of Financial Services’s Division of Rehabilitation and Liquidation is in the process of being appointed as receiver for purposes of rehabilitation, according to court documents. Devonshire at PGA National, LLC, the community’s owner, is a […]