#defaulted-loan

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therealdeal.com
2 months ago
LA real estate

Developer Allegedly Defaults on Planned Calabasas Project

Developer Clinton Brown allegedly defaults on loan for 200-home subdivision in Calabasas site.
The property is listed for $29 million and features pending entitlements for envisioned houses. [ more ]
therealdeal.com
4 months ago
LA real estate

Brookfield DTLA towers lead SoCal's top defaults in 2023

A wave of borrowers in Los Angeles and Orange County defaulted on loans tied to commercial properties as they struggled to make mortgage payments.
Brookfield Properties defaulted on $1.1 billion worth of debt tied to three office towers in Downtown L.A. due to rising interest rates. [ more ]
therealdeal.com
5 months ago
LA real estate

Shekhter's WS Communities Defaults on Hankey Capital Loan

WS Communities, a landlord in Santa Monica, has defaulted on a $5.35 million loan from Hankey Capital tied to a parcel of land.
The default comes after WS Communities settled litigation with the city over various issues, including tenant harassment allegations. [ more ]
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