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Home Commercial Note Buyer Forecloses on 206,000 SQFT Oakland Office at $8.7MM After East West Bank Sells Distressed Loan
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Note Buyer Forecloses on 206,000 SQFT Oakland Office at $8.7MM After East West Bank Sells Distressed Loan

May 19, 20264 Mins read1.2k
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A Lafayette-based note purchaser takes title to Edgewater Park Plaza near Oakland International Airport, capping a 75 percent valuation collapse as East Bay office distress accelerates and lenders move loans off their books. A Lafayette, California-based investor that acquired the distressed loan on Edgewater Park Plaza from East West Bank has foreclosed on the 206,000-square-foot […]

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