Shoma Group Builds Rooftop Lounge At Company’s HQ Without Permits, Authorization – Faces Foreclosure

Shoma Group built a new glass-encased rooftop lounge at the company’s Coral Gables headquarters without permits and without authorization from the company’s co-founder Maria Lamas, according to a recently filed foreclosure lawsuit.

Lamas is exercising a clause in the $6 million mortgage that she holds, which allows her to declare default against a Shoma affiliate for conducting new construction without her consent, the suit filed in Miami-Dade Circuit Court this week, states.

She is seeking $4.9 million in principal, default interest, late charges and attorney fees against LSA Property Holdings LLC, the entity that owns the five-story office building at 201 Sevilla Avenue. She provided the loan in 2018.

Lamas, formerly Maria Shojaee, is the ex-wife of Masoud Shojaee, president and chairman of Shoma Group. The former couple founded Shoma in 1988 and lasted almost 30 years together. They divorced in 2018.

 

 

Source:  The Real Deal