San Jose apartments with failed loan have suffered plunge in value

SAN JOSE — A San Jose apartment complex that is facing foreclosure over a failed loan has suffered a big decline in value and faces a murky future, court papers show.

The Neo on First residential hub is in default on a $21 million loan, and its owner has launched fights in two different court venues to delay or halt the foreclosure and a loss of the property.

Related Articles

• DHS to spend $38 billion turning warehouses into ICE detention centers ...