13 Nov 09 900 Biscayne Bay $148m mortgage sold to investment firm managed by a Cayman Islands trust company.
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On October 27th Hypo Real Estate Capital Corp. sold the mortgage on 900 Biscayne Bay in Downtown Miami to Roost Investments Limited.
What does this mean for the developer that still holds 244 units and the 256 owners that have already closed? If what has transpired in many neighboring buildings is a barometer of things to come, we could see a significant price reduction to spur sales.
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Tags: 900 Biscayne, Downtown Miami
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