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San Jose hotel is on the verge of securing new funding by April, potentially averting a loan foreclosure. The Signia by Hilton San Jose at 170 South Market Street in downtown San Jose may be recapitalized before the end of the month.
The hotel's financial situation has been precarious, but fresh financing could provide the necessary boost to keep it out of foreclosure. If successful, this new funding would come just in time, as the deadline for avoiding a loan default is looming.
