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Louis Brown’s Street Smart Systems » Victory Park condos sell for $32M at foreclosure auction; retail site sells for $3.5M
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post Victory Park condos sell for $32M at foreclosure auction; retail site sells for $3.5M

February 7th, 2012

Filed under: News — Louis Brown @ 3:36 pm

The majority of a Victory Park condo project was sold back to its lender for $32 million on Tuesday, along with a nearby retail site for $3.5 million at Tuesday's foreclosure auction in Dallas County. German-based lender HSH Nordbank AG purchased the project's 112 remaining condos at Continental Avenue and Houston Street and a 24,000-square-foot retail site on Houston Street. HSH Nordbank was seeking repayment on the 112 units in the condo tower and retail site for $79 million in debt and $6.5 million in debt, respectively…

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