First-Citizens Bank Moves to Foreclose on 1 Grant Avenue and 156 Geary Retail Backed by $40MM Loan in San Francisco’s Union Square

First-Citizens Bank has started foreclosure proceedings against two prime Union Square retail buildings after their owner failed to repay a matured $40 million loan, with the lender now claiming more than $40.1 million due on collateral that sits at the doorstep of San Francisco’s marquee shopping district. A…