Jul
23

Charleston’s Anson House Condos in Foreclosure

By
– The Post and Courier

Lenders are foreclosing on the newly built Anson House luxury condominiums, a four-story, 32-unit complex on the city’s east side that has struggled to draw buyers in the economic slump.

Eighteen condominiums remain unsold at the $40 million development at Concord and Laurens streets. Without buyers for those units, developer Wharfside Associates missed payments on a construction loan this year, according to court documents filed in Charleston County.

Bank of America officials began foreclosing on the development this month, saying the company owed $9.9 million, documents show.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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