Florida-based developer Westbrook Partners has been served a notice of default for a $72.5M loan backed by 222 Sansome Street, home of the Four Seasons San Francisco at the Embarcadero.
The hotel occupies the top 11 stories of a 48-story tower at 345 California Street, but is considered a separate property and uses the Sansome address.
Westbrook has not made its monthly payment on the loan since December and is behind nearly $3.2M in payments, according to the notice of default, which gives the borrower 90 days to become current, according to a report in the San Francisco Business Times.
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