BOCA RATON, FL — A lender is asking a Palm Beach County judge to foreclose on the Tower 105 Residences condominium project at 105 East Camino Real in Boca Raton, in a case that also names dozens of construction companies and nearly 100 people and entities the filing describes as buyers under contract for units in the building.
The case, Via Mizner Lender 1 LLC v. Via Mizner Owner III, LLC, was filed July 17, 2026, in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County. Court records list the case number as 502026CA008027XXXAMB, assigned to Division AG, and show the verified complaint was filed electronically that evening with the office of Palm Beach County Clerk of the Circuit Court Michael A. Caruso. The plaintiff is represented by Lawren A. Zann of Greenspoon Marder LLP in Fort Lauderdale. The filing reviewed by Boca Post does not identify a defense attorney.
Via Mizner Lender 1 LLC brought the case as administrative and collateral agent for three lenders the complaint identifies as Athene Annuity and Life Company, Athene Annuity and Life Assurance Company of New York, and Athora Lux Invest NL, CRE Direct Lending Fund, and for itself. The lead defendant is Via Mizner Owner III, LLC, a Delaware company the complaint lists at an address care of Penn-Florida Companies on North Federal Highway in Boca Raton.
According to the complaint, the lenders and the borrower entered into a construction loan agreement on or about August 3, 2023, for a loan of not more than $270 million, later split into four notes and secured by a mortgage recorded in Palm Beach County public records. Loan documents attached to the filing identify the project as Tower 105 Residences, a condominium, and describe the planned work as 85 for-sale condominium units plus roughly 24,000 square feet of commercial space and parking.
The complaint alleges the borrower defaulted in several ways. It says the borrower missed monthly interest payments due from June 1, 2024, through August 1, 2025, and did not pay off the loan by an initial maturity date of September 1, 2025. The filing also alleges the borrower did not deposit money the lender says was needed to bring the loan back into balance, did not finish the project by a February 3, 2025, completion deadline, and did not have certain construction liens discharged or bonded within 30 days of recording. It further alleges defaults tied to a marketing license and to what the loan documents call the Phase II hotel documents, agreements the loan documents identify as involving Mandarin Oriental entities.
A June 17, 2026, notice attached to the complaint states that a related lender, Via Mizner Lender 2 LLC, intends to sell a pledged ownership interest in the borrower to the highest qualified bidder at a public sale under the Uniform Commercial Code, scheduled for August 18, 2026.
The complaint states the borrower owes $417,712,697.01 due and owing on principal under the loan documents, along with accrued and unpaid interest, advances and fees. A separate count on the promissory note states that as of July 16, 2026, the principal owed was $270 million, accruing fees and interest at the default rate. The filing also says the lender has advanced $24,546,298.51 to the borrower to date.
The lawsuit brings four counts: mortgage foreclosure, brought against all defendants; an action on the promissory note; a claim to enforce an assignment of leases and rents, seeking turnover of leases, rents, revenues and security deposits; and a claim to foreclose a security interest in personal property collateral.
Most defendants are named because of claims they may hold against the property, not because the complaint accuses them of wrongdoing. The filing names 34 construction and supply companies it calls purported junior lienholders and lists recorded claims of lien it says rank behind the mortgage. The largest listed belong to Strategic Group Builders, LLC, with April 2026 claims of $20,418,974.07 and $24,128,104.65, and Suntech Plumbing and Mechanical, Corp., with two May 2026 liens totaling about $4.7 million. Otis Elevator Company, K.D. Construction of Florida, S.V.P. Tile and Marble and Maxim Crane Works are also named.
The complaint separately names 96 individuals and entities it describes as contract purchasers, buyers the filing says signed purchase and sale agreements and, upon information and belief, paid deposits toward units at the property. Boca Post is not naming them individually. The filing lists 67 unit numbers and alleges any interest those buyers hold is subordinate to the mortgage. It does not describe the status of any individual deposit.
The lender asks the court to enter a judgment of foreclosure, declare its mortgage superior to the other claims, order the property sold and retain jurisdiction to consider a deficiency judgment if the sale brings less than the amount found due. The complaint seeks attorney's fees and costs and does not include a jury demand.
The filing reviewed by Boca Post does not include a response from any defendant. The allegations are claims made in a court filing, they have not been proven, and no court has ruled on them. The complaint is verified under Florida Rule of Civil Procedure 1.115(e) by Brian Shatz, who signed as an authorized signatory for the plaintiff on July 17, 2026.
Boca Post reviewed the verified complaint, Via Mizner Lender 1 LLC v. Via Mizner Owner III, LLC, et al., Case No. 502026CA008027XXXAMB, filed July 17, 2026, in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County. The case is newly filed, no defense response is included in the reviewed record, and no next hearing is listed in the material reviewed.
Read more about breach-of-contract and other business disputes. Palm Beach County court records show civil complaints filed throughout the year. Boca Post tracks those filings in our Boca Raton lawsuits coverage.
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