A New York-based lender has foreclosed on and bought back a Madison apartment complex.
Titan Capital of Brooklyn, N.Y., paid $1.5 million for Brookwood Apartments on Due West Avenue at a Feb. 11 courthouse sale.
According to an April 2007 deed of trust, Titan loaned Brookwood's owner, Highland Cove Realty, $9.6 million. Highland, also based in New York, had acquired the complex that year for nearly $7.7 million.
The most recent property appraisal valued the 206-unit complex at $5.6 million. View the documents on the property's recent ownership change here.
Davidson County, Tenn. |
New York |
Titan Capital ID LLC |
Nashville-area commercial real estate |
Madison, Tenn. |
Highland Cove Realty |
Nashville-area residential real estate |
Foreclosures |
Growth
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