SAN JOSE — The owner of a downtown San Jose housing development site has avoided a foreclosure on the property for a second time as efforts have begun to find a buyer for the land.

A lender cancelled a notice of default for a loan to finance a housing development at 51 and 65 Notre Dame Ave., according to documents on file with the Santa Clara County Recorder’s Office.

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West Coast Community Bank filed the loan default on Sept. 12 against the property, county real estate files show. West Coast was previously known as Santa Cruz County Bank, which in 2021 provided a $10 million loan to finance the property.

The property has been in default on its loan twice. The first default occurred in August 2024. In both instances, the lender rescinded the default.

Separately, the pr

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