https://www.siliconvalley.com/2023/04/20/san-jose-alviso-hotel-real-estate-loan-buy-sell-build-economy-covid/

SAN JOSE — An overseas investment group has struck a deal that could help it gain ownership of a San Jose hotel development site whose real estate loan has tumbled into delinquency and default.

A South Korea-based group has acquired a $26.4 million loan that had been provided to the real estate firm that previously proposed a hotel at 7 Topgolf Drive in San Jose’s Alviso district, according to documents on file with the Santa Clara County Recorder’s Office.