Business & Tech
Report: University Club Tower Past Due on Mortgage
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:
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-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 million.
The building is home to Blue Sky Tower Grill and several SLUCare doctors' offices.
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