San Jose office building lands some funding, skirts foreclosure sale

San Jose office building lands some funding, skirts foreclosure sale

a year ago
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https://www.siliconvalley.com/2023/01/09/san-jose-office-building-finance-money-real-estate-foreclose-default/

SAN JOSE — A San Jose office building that had been seized through a foreclosure in recent years has managed — for now — to avoid a second auction and foreclosure after landing some financing.

The building, located at 826 North Winchester Boulevard in San Jose, had been scheduled to be auctioned off on Jan. 6, but the sale was canceled on Dec. 29, soon after it landed two new loans.