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.
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 already been seized through foreclosure in 2021. In 2022 and this year, it faced the threat of another loan foreclosure. The building had been scheduled to be auctioned off on Jan. 6, but the foreclosure sale was canceled on Dec. 29, shortly after it landed two new loans.
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