Cupertino Square Trouble Continues as Gramercy Capital Pursues Foreclosure
August 21, 2008
Fighting between Cupertino Square Mall and Gramery Capital has culminated with a notice of default and sale being issued by the lender with a tentative auction date set for September 10th. The lender, Gramercy Warehouse Funding I LLC and United Commercial Bank, claim that Cupertino Square LLC is in default of its loan for the center.
The [...]
Prometheus Mortgages Cupertino City Center
October 8, 2007
Prometheus Real Estate of San Mateo has mortgaged $95M of Cupertino City Center’s buildings 3 & 4 to buy-out a partner. The financing was arranged by Northmarq Capital, offered 10-year term on 30-year amortization with an accomodation for a TIC structure.
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