auction
I attended the foreclosure auction this morning. TD Banknorth, the lender, bought the property back for $17.5 million (presumably the outstanding balance on the loan). The closest private bidder came in at $15.5 million. AJ Martini, the contractor, filed a lien on the property for $5.5 million in unpaid expenses last Friday. My understanding is that a mezzanine lender lost several million.