The building was overdue by 90 days or more on an outstanding loan balance of $28.7 million.
University Club Tower, at the corner of Clayton and Brentwood Roads, is behind on its mortgage, according to a report in the St. Louis Business Journal. The Business Journal cites a report from New York research firm Trepp LLC that reports that $321 million in local commercial mortgage-backed securities (CMBS) loans on 16 properties in the St. Louis area are 90 days or more behind on payments. Quoting from the story: -University Club Tower, the 23-story building at 1034 S. Brentwood, was overdue by 90 days or more on an outstanding loan balance of $28.7 million, according to Trepp. Doug Holtzman and his wife, Sabina, purchased the building from real estate investment firm the Lionstone Group of Houston in early October for about $12 …
On the heels of the protest, Bank of America states it will work with the South St. Louis family on its request for a modified mortgage.
Bank of America has pledged to work with a South St. Louis family whose home-loan situation prompted a protest and subsequent arrests outside of a bank branch Dec. 20 in Clayton. In a news release, the bank said the loan of Mary Boehm and her husband is not in foreclosure. If the family is turned down for the U.S. government's Home Affordable Modification Program—the bank stated that the family is using less than 31 percent of its gross income toward mortgage, insurance and tax payments, which doesn't meet the necessary threshold for the program—the bank would review other modification options, according to the release. "Once started, the foreclosure process takes some time to complete," the release stated. "There is no immediate …
38.6508
-90.34296
Bank of America
8100 Forsyth Blvd, Saint Louis, MO
/articles/protesters-arrested-outside-of-bank-of-america-building
1429193
/locations/2813162
38.646452
-90.338815
Clayton Police Department
227 S Central Ave, Clayton, MO
/articles/protesters-arrested-outside-of-bank-of-america-building
1714719
/locations/2813163
