THE GOLDSTAR GROUP PURCHASES MORTGAGE IN D.C. CONDO PROPERTY

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WASHINGTON, D.C. — Bethesda, Md.-based The Goldstar Group has purchased the mortgage for The Floridian, a 118-unit apartment complex, from Bank of America and Sovereign Bank. Goldstar purchased the property in an all-cash transaction for an undisclosed price. Only 32 units in the property had been sold, and the buyer has foreclosed on the rest. The eight-story condominium property is located at 919 and 929 Florida Ave. NW in Washington. UrbanLand Co. will start marketing the property once Goldstar upgrades the units.

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