CHARLOTTE, NC-The investment firm that acquired the$194.8-million debt on The Vue Charlotte at a discount has nowtaken the uptown condo. A subsidiary of Northwood Investors offered$102.75 million to purchase the 51-story skyscraper at aforeclosure auction.
MCL Cos. of Chicago, the previous owner, struggled to sell 408units at the tower and attained over $194.8 million on two loans.Northwood secured the senior and junior loans of The Vue for $100million. For the full story, go to Charlotte Business Journal .
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