San Jose site for proposed housing project tumbles into loan default

San Jose site for proposed housing project tumbles into loan default

a year ago
Anonymous $Gb26S9Emwz

https://www.siliconvalley.com/2023/03/02/san-jose-house-home-develop-build-project-loan-default-real-estate/

SAN JOSE — A San Jose site where a housing development of more than 100 apartments might sprout has tumbled into a default on its real estate loan, raising questions about the project’s future.

The property has lurched in and out of foreclosure proceedings and now has landed back in a process whereby the site could be seized by a lender seeking repayment of one of the parcel’s loans.