The long saga with the property next door to WSVN’s studios continues.
A report in the South Florida Business Journal says Sunbeam Realty Co., the real estate arm of WSVN owner Ed Ansin, purchased the mortgage note for the 3.3 acre site next to WSVN from its previous holder Banif Finance, and has filed a lawsuit to force Isle of Dreams LLC into foreclosure.
SFLTV checked into it some more and public records show the mortgage note for the property was assigned from Banif Finance to Sunbeam Realty Co on July 31st, 2012 with the transaction completed on August 1st when Ed Ansin signed it. The document lists Isle of Dreams LLC as a borrower of a $4,800,000 loan on January 22, 2008 though the property was actually bought by the company in 2004 for $1.3 million dollars from radio giant Clear Channel. The property also has unpaid property taxes for 2011 and 2012 totaling more than $700,000 dollars and Miami-Dade appraiser records list is as having a little over $7 million dollars market value.