Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BALTIMORE-The eight-story, 36-unit apartment tower named the Congress Hotel at 306 W. Franklin St. on the west side of Baltimore has been sold in a foreclosure auction for $2.35 million to the lender of the building, Congress Financial LLC.

The owner of the tower, Kernan Apartments lost the property to foreclosure in February 2010 when it defaulted on a $7.2 million loan. The owner owes $2.8 million as debt to the lender. For the full story, go to Baltimore Business Journal.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.