San Jose boutique hotel development site tumbles into loan default
https://www.siliconvalley.com/2021/10/15/san-jose-hotel-develop-real-estate-loan-default-foreclose-covid-tech/
SAN JOSE — The development site for a boutique hotel in San Jose has tumbled into a loan default, raising the specter that the lender could seize the parcel through a foreclosure.
The lender for the site has issued a notice that the loan is in default, according to a document filed on Oct. 6 with the Santa Clara County Recorder’s Office.