Real estate: Loan defaults pile up on bankrupt Bay Area developer

Real estate: Loan defaults pile up on bankrupt Bay Area developer

3 years ago
Anonymous $K6XgmDN5_o

https://www.siliconvalley.com/2021/01/29/real-estate-loan-default-bankrupt-bay-area-developer-fraud-sec-acharya/

SAN JOSE — Loan defaults in the East Bay and South Bay have begun to pile up on a bankrupt Bay Area developer who is the focus of a fraud probe, according to public documents detailing potential foreclosure proceedings.

Developer Sanjeev Acharya and his company Silicon Sage Builders face an array of financial and legal complications, including federal fraud allegations, bankruptcy, and potential property foreclosures.