Holy Names University’s hillside campus in Oakland has officially been bought for more than $60 million.
OAKLAND — Holy Names University’s hillside campus in Oakland has officially been bought for more than $60 million in a deal that the new owner says will preserve educational activities at the scenic complex.
As part of its purchase of the 58.6-acre campus, BH Properties also obtained $45 million in financing from Hankey Capital to help accomplish the deal, the county documents filed on June 13 show. The most recent among numerous financial challenges facing Holy Names University was a filing on Feb. 23 that stated the college had defaulted on a $49 million mortgage loan. The school’s property, including the land and buildings on the site, provided the collateral for the loan.
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