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A Houston multifamily property slated to be sold at a foreclosure auction in August is part of a troubled portfolio purchased with a $481M CMBS loan, according to public records.

Forest View Owner LLC borrowed the money from JPMorgan Chase to buy the complex in Baytown, according to a July 16 substitute trustee's sale notice filing. Forest View Apartments is part of a 43-property portfolio owned by New York City-based Chetrit Group, public records show.