#loan-default

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www.mercurynews.com
1 day ago
Silicon Valley real estate

Two San Jose office buildings stabilize loan as lender cancels default

A lender canceled a loan default on two San Jose office buildings, allowing owners to secure fresh funding and seek small business loans for long-term financing. [ more ]
therealdeal.com
4 weeks ago
LA real estate

Lincoln Property Defaults on Newport Beach Office Loan

Lincoln Property Company defaulted on a $23.3 million loan for an office building in Newport Beach, reflecting changing market conditions. [ more ]
therealdeal.com
1 month ago
LA real estate

Washington Prime Faces Default on Westminster Mall Loan

Washington Prime Group faces default on $85 million loan for Westminster Mall.
Dipping rental income and rising mortgage payments have led to financial struggles for Washington Prime Group. [ more ]
therealdeal.com
3 months ago
LA real estate

Realm, Bascom Default on $33M Loan for Planned DTLA Tower

Realm Group and the Bascom Group defaulted on a $32.9 million loan for a residential tower in Downtown L.A.
The development site was listed for sale last year and is entitled for residential units and commercial space. [ more ]
BKReader
1 month ago
Brooklyn

Brooklyn Tower Developer Defaults on Loan, Building Could be Auctioned

The Brooklyn Tower, Brooklyn's tallest skyscraper, faces uncertainty due to developer default on loan repayments. [ more ]
SFGATE
1 month ago
San Francisco

Investors for iconic downtown SF building stopped paying on its loan

Struggling real estate developer in San Francisco
Loan defaults in hospitality industry [ more ]
www.mercurynews.com
2 months ago
East Bay (California)

Section of massive East Bay development topples into loan delinquency

Loan default raises uncertainty for Monarch Bay Shoreline development in San Leandro
City of San Leandro faces risk as the lender for the project [ more ]
www.mercurynews.com
4 months ago
East Bay (California)

San Jose housing project site faces foreclosure even after property deal

A prime property near San Jose's two mega malls is at risk of being auctioned off due to default and delinquency on a $3 million loan.
Santa Cruz County Bank warns it might attempt to auction off the property or seize it through a foreclosure proceeding. [ more ]
www.mercurynews.com
4 months ago
East Bay (California)

Empty and neglected San Jose office building faces foreclosure as property woes widen

An empty office building in San Jose is facing receivership and loan foreclosure due to default on its loan.
The building's financial woes are indicative of the ongoing struggles in the Bay Area office market following the COVID-19 pandemic. [ more ]
www.mercurynews.com
4 months ago
East Bay (California)

Loan default for big Oakland office complex may trigger foreclosure

A large office complex in Oakland, The Landing, has defaulted on its mortgage, indicating ongoing economic challenges in the Bay Area office market due to the coronavirus pandemic.
The building was 82% leased at the time of its acquisition in 2019, but a combination of lockdowns and remote work has kept employees away from their offices. [ more ]
www.mercurynews.com
5 months ago
East Bay (California)

300-plus homes may replace Sunnyvale office complex that's in default

A large office campus in Sunnyvale, California, which defaulted on its loan, could be replaced by a housing development with 315 residential units.
The housing development proposal includes 252 market-rate townhouses and 63 affordable apartments for low-income residents. [ more ]
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