Banyan Fund to challenge Buckeye award.

CHICAGO -- Banyan Mortgage Investment Fund said it will challenge an award of $3.7 million granted Banyan Mortgage Investors LP II and Banyan Mortgage Investors LP III in connection with a dispute between the company and those entities.

The dispute related to a foreclosure action brought against properties commonly known as the Buckeye Portfolio.

Banyan Mortgage Investment said a panel of three arbitrators issued the award.

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