Mission Viejo om 2002 was the site of a former K-mart store, which effective 2Q02 was closed due to company bankruptcy, and was encumbered by a mortgage owned by a FUNB client. My First Union workout team was hired as a special servicer to foreclose and get title to the dirt. Our servicing team subsequently sold the foreclosed parcel to a REIT which built the apartments which appear in the photo.

The website to the apartments involved is http://www.udr.com/orange-county-apartments/mission-viejo/los-alisos-at-mission-viejo/.