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Home Finance S2 Capital’s 408-Unit The Jerome in Glendale Heads to Nov. 20 Foreclosure Auction on $75MM Loan After Value Drops by Half
FinanceIndustry NewsResidential

S2 Capital’s 408-Unit The Jerome in Glendale Heads to Nov. 20 Foreclosure Auction on $75MM Loan After Value Drops by Half

November 3, 20263 Mins read1
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Photo by Bogdan Vaskan on Unsplash
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Dallas-based S2 Capital's 408-unit Jerome apartments outside Phoenix are scheduled for a Nov. 20 foreclosure auction on a defaulted $75 million loan, after the property's appraised value fell from $137 million to $62.5 million and it was left out of the firm's $1.2 billion continuation-fund refinancing.

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