Spanish Oaks posted for foreclosure | The Real Deal- Austin American Statesman
In another high-profile foreclosure, Comerica Bank late Tuesday posted Spanish Oaks, a 911-acre luxury residential and golf course project in Bee Cave, for the Aug. 3 foreclosure auction.
Spanish Oaks’ owners had been talks for some time with Comerica to modify the terms of a $32 million loan to avoid foreclosure. The original loan was $34.4 million, according to the foreclosure filing. The loan negotiations involved the golf course, unsold lots and undeveloped land.
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