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foreclosure complaint has been filed against Alain Piedra-Hernandez, president of HH Coffee Group, which owns the Cachita Universal Studios facility in Doral. The lawsuit alleges that HH defaulted on a $4.8 million mortgage from Pacific National Bank after missing several monthly payments and an escrow payment. Altamar Financial Group's affiliate acquired the note in March but claims HH still hasn't made its payments.
The 81,765-square-foot building at 7355 Northwest 41st Street is leased to Cachita, a television production facility that uses studio space and equipment for filming. Tony Cortes, principal of Cachita, referred questions to Piedra-Hernandez, who did not respond to requests for comment.
HH paid $9.6 million for the property in 2021, partially financing it with the mortgage from Pacific National Bank. The foreclosure complaint is one of several recent cases involving South Florida commercial property owners defaulting on loans. Other notable cases include a $77 million foreclosure lawsuit against Affinius Capital and a $59.2 million foreclosure suit against Alliance HP.
