Historic San Francisco hotel on famous hilltop flops into loan default

SAN FRANCISCO — One of San Francisco’s historic hotels, nestled atop a famous hill, has tumbled into a loan default that means the property faces foreclosure on its delinquent financing, public documents show.

Huntington Hotel, a nearly century-old lodging tower perched on San Francisco’s luxurious Nob Hill, is in default on its mortgage, documents filed on Aug. 16 with the San Francisco County Recorder’s Office show.

The loan in default totals $56.2 million and was provided by Deutsche Bank New York Branch, which is seeking to foreclose on the delinquent loan, according to the San Francisco property records.

The financial woes and the mortgage delinquency that have engulfed the Huntington

→ Continue reading at Silicon Valley

More from author

Related posts

Advertisment

Latest posts

San Jose: Driver suffers life-threatening injuries in multiple-vehicle crash

A driver suffered life-threatening injuries in a multiple-vehicle crash Thursday afternoon in San Jose, police said. SAN JOSE...

Man injured in shooting south of downtown San Jose

SAN JOSE – Police on Thursday were investigating a shooting south of downtown San Jose. The shooting was reported at 5:27 p.m. in the...

San Jose Mayor Sam Liccardo delivers final State of the City

San Jose Mayor Sam Liccardo hasn’t washed his car since April 3, 2013 — the day he drove the Chevy Volt off the dealership...