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Stage

Acquired | Acquired

Valuation

$0000 

About Total Bank

Total Bank is a provider of banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services.

Headquarters Location

Miami, Florida,

United States

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Latest Total Bank News

Alejandro Sanz must pay millionaire debt in Miami

Jun 21, 2023

No Comments It seems that the bad streak has not left in peace Alejandro Sanzsince the court of first instance number 47 of Madrid sentenced him to pay a little more than three million dollars after not complying with the payments of a loan that he requested in Florida. According to the Spanish newspaper The worldSanz applied for a $12 million loan from Total Bank of Florida to purchase two properties in Sunset Lake. Among the properties stands out a colonial-style mansion built in 1933, valued at almost five million dollars, which consists of more than 3,000 square meters, six bedrooms, five bathrooms, a recording studio, heated pool and private dock. [“Pido respeto para ella y su trabajo”: Alejandro Sanz defiende a Rachel Valdés de ataques de sus fans en las redes sociales] For this operation, Total Bank granted the artist several loans that were granted to his Spanish company Gazul Producciones, SLU, and to Music on Wheels LLC, the latter based in the United States. As collateral for the credit, the composer put up another of his companies, as well as a farm in Miami. According to reports, the interpreter of My friend He stopped making payments in 2019 and the bank tried to reach an agreement with the artist, so he decided to launch a foreclosure process that would take the properties as collateral and put them up for sale. [Alejandro Sanz encuentra un rayito de luz luego de su conmovedor mensaje donde confiesa: “A veces no quiero ni estar”] The transaction was not concluded because Sanz was asking for 14 million dollars for these properties, in addition to the fact that he did not provide all the documentation to carry out the sale in a timely manner. By 2020, the celebrity’s debt amounted to almost 12 million dollars. Sanz managed to sell the properties for an amount of $9.4 million, pending the amount that the Spanish court is now requesting. So far, neither Alejandro Sanz nor his representatives have ruled on this situation. However, the Spanish authorities have already executed the US sentence and an embargo is being prepared on the properties that Sanz used as collateral to cover his debt. “The magistrate María del Rocío Montes has decreed, with the approval of the Prosecutor’s Office, the execution of a sentence handed down against the artist by the Miami Court two years ago by which he was sentenced to pay three million euros to the that he will now have to deal with his personal assets,” the Spanish newspaper said. The last few weeks have not been easy for Alejandro Sanz, because in addition to his legal conflict, he is going through various emotional and personal problems. At the beginning of June, the singer released a worrying message in which he confessed to being “sad and tired”, and shortly after it was announced that he would have ended the sentimental relationship he had with Rachel Valdeswith whom he lived for three years in Madrid. 2023-06-21 04:49:01

Total Bank Frequently Asked Questions (FAQ)

  • Where is Total Bank's headquarters?

    Total Bank's headquarters is located at Miami.

  • What is Total Bank's latest funding round?

    Total Bank's latest funding round is Acquired.

  • Who are the investors of Total Bank?

    Investors of Total Bank include City National Bank of Florida.

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