Mortgage loan for Flour Bluff shopping center auctioned online

“These kinds of loan sales have been successful because the person buying the loan is doing so at a discount,” Cravey said.

Cravey owned Flour Bluff Shopping Center, the center tied to the mortgage loan, years ago before selling it to Robert D’Acquisto from California. Attempts Monday afternoon to reach D’Acquisto or his company, Bethlehem Partners, were unsuccessful.

Cravey said since he sold the strip mall, it has lost two big tenants, Hollywood Video and CVS.

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