Foreclosure Looms for Houston Multifamily Investor
A local multifamily investor could lose two multifamily properties in a suburb of Houston to foreclosure at next month’s auction. Falls Apartment Group allegedly defaulted on $33.5 million in debt for the 468-unit Falls of Las Villas and the 514-unit Falls of Alta Vista, according to Roddy’s Foreclosure Listing Service. The debt equates to $34,100 […]
Ready Capital to Foreclose on Historic San Antonio Buildings
A stalled historic conversion effort in downtown San Antonio may be on the verge of unraveling altogether. The Hedrick Building, at 601 North St. Mary’s Street, is set to hit the Bexar County foreclosure auction block next month, potentially upending plans to convert the 10-story, 42,000-square-foot building into an extended-stay hotel, the San Antonio Express […]
Lender Takes Former GVA Apartments for $21M at Auction
A distressed apartment property on San Antonio’s North Side, formerly owned by embattled multifamily syndicator GVA, sold at auction recently. An LLC with ties to LoanCore Capital, the lender that foreclosed on the property in November, paid $21.3 million for the 285-unit Solara complex, at 11710 Parliament Street, the Austin Business Journal reported. The price, […]
