A group of condo owners dragged their bank to court in the hopes of preventing lenders from launching their own legal attack over a $3 million loan.

"We feel that the way we're handling it is the right way to go," said Keith Tannenbaum, a condo owner and member of the Grenadier Lakes at Welleby Association Board.

The community's lawyer filed a declaratory judgment against City National Bank of Florida in the Miami-Dade Civil Courts. The suit asks a judge to declare that the association is meeting its obligations under the loan and does not need to provide additional collateral.

The bank wants the community to pass a $3 million special assessment demand, the board's attorney, Marlon Bryan, said.

In 2022, the bank loaned former association leaders $3 million for roof repairs, Tannenb

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