OFF MARKET Distressed Assets
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Portfolios of single family homes, development opportunities, multifamily, healthcare, apartment buildings, commercial including shopping centers and offices, notes, REOs.
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| Photo |  |
|---|---|
| Property Type | Mixed Use |
| Location | Los Angeles, California |
| Title | REDUCED OVER $1,000,000 - 2 Story 43 Room Hotel with 3 Retail Units |
| Summary | NOTE SALE REDUCED OVER $1,000,000 - |
| Details | The project that was to replace the existing hotel at the corner of 7th St near DTLA called for the construction of a 25-story edifice featuring 225 residential units with 19 set aside for low-income households, above a podium structure featuring over 320 parking stalls and 7,200 square feet of commercial ground-floor retail space. Plans are available and have been extended |
| Note Details | Original Loan Amount $10,000,000 |
| Current Unpaid Balance | $10,870,000.00 |
| Asking Price | $9,500,000.00 |
| Date Updated | December 9, 2024 |