The 541-room Signia by Hilton is San Jose’s largest hotel. “Two new lenders are very eager to take over financing of the hotel,” Hirbod stated in papers filed with the Santa Clara County court.

A big San Jose hotel has won a weeks-long reprieve from the threat of a foreclosure on its delinquent loan, a delay that gives the lodging tower's owner breathing room to seek replacement financing.

The city of San Jose bought the hotel five years ago. Now, the Santa Clara County Housing Authority will take ownership, aiming to provide more permanent housing for the homeless.

By the end of April, Signia by Hilton San Jose may receive the funding it needs to avoid a loan foreclosure, a revamp in view as the hotel enjoys a major financial upswing. A Santa Clara County court ...