Seacoast National Bank is moving quickly to foreclose on 60 acres of undeveloped land controlled by an affiliate of Catalfumo Construction and Development and is targeting the personal assets of founder Dan Catalfumo.
Less than two weeks after obtaining a $32.6 million judgment against Catalfumo over a delinquent construction loan, the Stuart-based bank on Thursday sued Catalfumo’s PGA North II of Florida LLC and related entities to foreclose on the land. The tract is at the northeast corner of Interstate 95 and PGA Boulevard.
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