#loan-default

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Chetrit Organization faces foreclosure at two downtown properties

Chetrit Organization facing foreclosure due to loan defaults on two downtown properties.

Alexander brothers claim Side manufactured loan default

The Alexander brothers claim Side caused a loan default by dissociating their real estate licenses, leading to a dispute over terms and communication.

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.

Chetrit Organization faces foreclosure at two downtown properties

Chetrit Organization facing foreclosure due to loan defaults on two downtown properties.

Alexander brothers claim Side manufactured loan default

The Alexander brothers claim Side caused a loan default by dissociating their real estate licenses, leading to a dispute over terms and communication.

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.
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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.

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.

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.

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.

Investors for iconic downtown SF building stopped paying on its loan

Struggling real estate developer in San Francisco
Loan defaults in hospitality industry

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

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.

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.

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.

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.
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