Berkeley apartments flop into loan default as East Bay woes widen

Berkeley apartments flop into loan default as East Bay woes widen

BERKELEY — A big Berkeley apartment complex has tumbled into a real estate loan default, an ominous new suggestion that the East Bay multifamily market is undergoing some tough times. University Park, the apartment property whose loan is delinquent, is a 97-unit, five-story multifamily complex located at 1709 Shattuck Avenue, according to documents filed on April 22 with the Alameda County Recorder’s Office. Related Articles East B…

97-Unit Apartment Complex Near UC Berkeley Falls into Default on $28.3MM Loan - The Registry

By The Registry Staff An apartment complex near the University of California Berkeley campus has fallen into default on a real estate loan, signaling potential distress in the East Bay’s multifamily housing market. According to a report from The Mercury News, University Park, a 97-unit, five-story building located at 1709 Shattuck Avenue, is facing a […] The post 97-Unit Apartment Complex Near UC Berkeley Falls into Default on $28.3MM Loan appea…