SAN ANTONIO – Forest Park Medical Center’s local hospital is now owned by a subsidiary of Texas Capital Bank following a foreclosure auction last Tuesday.
George Roddy, CEO of the Foreclosure Listing Service, confirmed the winning bid of $58.2 million, about $10 million less than Forest Park’s owner owed on the property.
The bid was also more than $30 million less than the 150,000-sf, 54-bed hospital’s appraised value of $94 million.
TCB/Marina del Sol bought the property at 5510 Presidio Pkwy.
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