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Home Finance Pier Rock Forecloses on 100-Unit Lido Apartments in Hollywood, Takes Title Backed by $14.5MM Prime Finance Loan
FinanceIndustry NewsLos AngelesResidential

Pier Rock Forecloses on 100-Unit Lido Apartments in Hollywood, Takes Title Backed by $14.5MM Prime Finance Loan

July 16, 20263 Mins read418
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R.D. Olson Construction, Woodland Hills, Meta Housing Corp., Los Angeles, The Alcove, Topanga Westfield Mall, A.C. Martin
Courtesy of Brandon Grigos on Unsplash
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A Mill Valley-based investor bought the defaulted note on the Hollywood building featured in the Eagles' Hotel California artwork, foreclosed on it and now holds fee simple title, ending a distress saga that began with Mosser Capital's default and a $29.4 million unpaid balance. The Lido Apartments, the 100-unit, five-story property at 6500 Yucca St. […]

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