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The Doral-based bank filed a notice of foreclosure on April 28against Miami-based Estates at the Colonial Drive Estates and managing members Bernard Kopel, Enrique Kopel and Jose A. according to county court records. The lawsuit is basef on a mortgage madeby U.S. Century Bank in April 2007 for $7 millioj and last modified in Novembedr 2007with $2.5 million outstanding. Jose Kopeol said his company would challengethe bank’sd foreclosure lawsuit. He declined to discuss the situation with his Kopel said the Estates at the Groves projectr is in the middle of The Web site for the projecty says the master developer isBrighr Builders, a division of Sib-Con.
The site is at the northeasyt corner of ColonialDrive (Southwest 160tbh Street) and Newton Road (Southwest 157th in the Country Walk area. The developer filesd a notice of commencement to build12 single-family homes there in 2007. Miamki attorney Aliette Rodz, who represents U.S. Century Bank, was not able to commenrt on the lawsuit. U.S. Centuruy Bank reported $81.7 million in noncurrent loans, representing 5.6 percent of its total loans, as of March 31.
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