IberiaBank sues to foreclose on Longboat Chart House land

IberiaBank has filed a mortgage foreclosure claim against Core/PMG Longboat LLC, Kevin Daves, Kevin Maloney, Ziel Feldman, the Longboat Key Association Inc. over the Chart House Restaurant property.

IberiaBank is owed a total of $4.93 million ($4.75 million in principal and $176,790 in interest) as of June 15, according to the foreclosure complaint.

The defendants consolidated two older loans into a $5.13 million loan on the property from Orion Bank on Nov. 25, 2008. IberiaBank purchased Orion Bank from the Federal Deposit Insurance Corp. in November 2009.

The complaint shows that the defendants also personally guaranteed the loan.

Core/PMG Longboat LLC purchased the 18,567-square-foot Chart House Restaurant building at 201 Gulf of Mexico Drive, Longboat Key in August 2004 for $5.5 million.