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Miami apartment building developed by the late Sergio Pino is facing a $45.4 million foreclosure suit, filed in Miami-Dade Circuit Court against Century Gables View Multifamily and Philip J. Shechter, who was appointed curator of Pino's estate after his death. The lawsuit alleges that an entity controlled by Pino failed to make August and September payments on a $49.5 million loan taken out in 2021 for the eight-story, 230-unit 850 Living apartment building at 811 Northwest 43rd Avenue.

    The foreclosure suit was filed last week by lender Lument, which accelerated the debt after the defaults. Shechter's attorney said that 850 Living is poised to be sold, with proceeds covering the outstanding debt. The property has substantial equity and a purchase and sale agreement is being worked on to benefit all parties involved.

    Pino's death in July was linked to allegations he hired hitmen to murder his wife, Tatiana Pino, who had claimed her estranged husband tried to kill her by poisoning her with fentanyl and bath salts. The FBI alleged that Pino hired two crews to murder his wife, including one that rammed a truck into her car and supplied him with fentanyl.

    The foreclosure lawsuit also lists defaults due to a change in the ownership interest of entities tied to 850 Living, which occurred without Lument's notification as required by the loan agreement. The FBI has been investigating Pino's activities, and his company, Century Homebuilders Group, is not affected by the foreclosure suit.