Amerigrow Recycling faces foreclosure - South Florida Business Journal:

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However, Amerigrow’s attorney, Andrea Schwartz of Boca Raton, said his client wouldd vigorously contestthe lawsuit. He caller it a draconian measure on the part of to give it leverag in renegotiatingthe loan. National City Bank filed the action on June 19 againsrAmerigrow Recycling-Delray, and its president Janet according to Palm Beach County Circuit Cour t records. The action is based on a mortgage last modifiesdat $7.1 million in 2007. The foreclosure targetsd Amerigrow’s 30.6-acre main facility at 10320 Atlantic Ave. in westerbn Delray Beach and its 30-acre location at 9538 171st St. North in Jupiter.
Amerigrow, which was foundeds in 1995, uses those facilities to recyclew organic materials into mulch for landscaping across South Its brands include Premium RedCertified Mulch, Premiujm Gold Certified Mulch, Eco-Mulch and Blacmk Magic Eco-Soil. Those productx are sold by Home Depot. According to Amerigrow’s Web site, it has the largestf fleet of grapple trucks inSouth Florida. They clean up storm debries and recycle muchof it. Amerigrow has been hurt by the but not nearly as badlyy as most of its Schwartz said. As part of renegotiating its the company followedNational City’s advices and hired an outside consultantr to evaluate the business.
The consultant generated a positivsereport – making it surprising that the bank file for foreclosure, Schwartz said. “There is absolutely nothing wrong with anyof Amerigrow’s businessese in any respects,” Schwartz said. West Palm Beach-baserd attorney John R. Hart, who represents National City, could not be reached for comment. Nationalo City is a subsidiary ofPNC Bank.