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Zhuguang Group Facing Default on $16MM Loan Connected to 200-Unit Project Site in San Francisco

May 16, 20241 Mins read637
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Zhuguang Group, San Francisco, Peninsula Lending, Solomon Cordwell Buenz, Hines, Leap Development, Loan Oak Fund, Colliers, KTGY Architecture + Planning, Bay Area
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By The Registry Staff Hong Kong-based developer Zhuguang Group has defaulted on a $16 million loan connected to a multifamily development site in San Francisco, according to public property records. The loan, provided by Peninsula Lending, was connected to a site that was approved for a 250-foot residential tower. As of March 5, Zhuguang owed […]

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