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Home Finance $182.5MM Loan Falls into Default on Scape’s 23-Story Apartment Tower The Fay in San Jose
FinanceINDUSTRY newsResidential

$182.5MM Loan Falls into Default on Scape’s 23-Story Apartment Tower The Fay in San Jose

July 9, 20252 Mins read1.5k
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By The Registry Staff A loan connected to an apartment building in San Jose has fallen into default. The Fay, a 23-story apartment building in the city's SoFA district, has defaulted on a $182.5 million construction loan, according to a report from The Mercury News. The property's owner, an affiliate of England-based residential developer Scape, […]

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