What a haircut WF(taxpayers?) took on this project bought by XIN. LOL!
Some details on the IV board.
"The Villas at Sparks Marina project has been bought out of foreclosure for $325,000. The amount owing on the loan when the bank foreclosed was $19,804,066.11, and the original Deed of Trust was $24,734,000. "
Thanks Star, I see they've updated their site. But I couldn't come up with any details. And although I had
on translate, couldn't get anything.
Your last link over there has me confused, so I'm posting the first three lines. When I clicked the guy's link all I got was a larger picture of the parking garage. Did anyone else get anything of use. You seem
to be following this closely Star, can you clue us in please?
'The buyer was Future Beginnings LLC, which is a DBA for Xinyuan Real Estate Co, LTD with Jackie Zhang listed as the Officer on the Secretary of State site. There is very interesting write up on the deal at the '