City National Bank has filed foreclosure lawsuits against the Alexander family over loans tied to two waterfront homes in Miami Beach, according to a March 13 report. The legal action comes ahead of the federal sex trafficking trial of brothers Oren, Alon, and Tal Alexander, who were found guilty this week on charges related to sex trafficking and now face up to life in prison.
The foreclosures concern properties at 1611 West 24th Street on the Sunset Islands and a mansion at 2687 Flamingo Drive. Sources told The Real Deal that the family is seeking to sell the Flamingo Drive property for a price in the high $30 million range. In February 2025, City National entered into a forbearance agreement with Orly and Shlomy Alexander, as well as Oren and Tal, regarding financing for these two Miami Beach homes and their ranch outside Aspen.
According to court documents, City National provided significant loans in 2022: $15 million for construction on the Colorado ranch, $7.5 million for the Flamingo Drive house, and $7.3 million for the Sunset Islands house. The bank alleges that the Alexanders failed to pay off loans for both Miami Beach properties by July 31, 2025—the end of their respective forbearance periods.
The Alexanders claim in court filings that they paid off these notes in June via wire transfer but say City National returned their payments later that month while keeping $44,000. Alan Grunspan of Carlton Fields, representing City National Bank, declined to comment on the matter. A spokesperson for the Alexanders did not immediately respond to requests for comment.
Records show that a company managed by Oren and Tal Alexander purchased the four-bedroom home at 1611 West 24th Street in 2021 for $9.8 million; it was renovated and listed last year before being rented out. The recently completed five-bedroom house at 2687 Flamingo Drive was developed by Shlomy Alexander’s firm and is designed similarly to another property sold by the brothers in 2023.
While no foreclosure suits have been filed against their Aspen ranch loan so far, three liens totaling more than $240,000 were placed on it last November due to unpaid construction invoices. Meanwhile, Oren Alexander sold another nearby waterfront home last summer for $51.5 million while he was detained in Brooklyn.
The brothers’ convictions include conspiracy to commit sex trafficking stemming from allegations that they orchestrated a scheme between 2008 and 2021 involving luring women to luxury destinations where they were allegedly drugged and assaulted. Sentencing is scheduled for August 6.
