Foreclosure Notice - 11500 GREEN PLAZA DR 240, HOUSTON, 77038 - 10/07/2025
The properties may be occupied; do not disturb the occupants.
Address
Auction Date
Foreclosure
Appraised
Year Built
Lien
Sq. Ft.
Prop Type
Address
Foreclosure
Year Built
Prop Type
11500 GREEN PLAZA DR 240
10/07/2025
mortgage
$16,061,024
1979
$17,900,000
185,788
B1 Real, Residential, Multi-Family
11500 GREEN PLAZA DR 240
mortgage
1979
B1 Real, Residential, Multi-Family
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Details
Status:  UNKNOWN
Mortgage Foreclosure
Legal Description
RES C NORTH GREEN BUSINESS PARK
Links
Additional info
Appraised Value:  $16,061,024
Year Built:  1979
Lien Amount:   $17,900,000
Improvement Area:  185,788 sq.ft.
Foreclosure Notice*
TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6785 FILED 9/15/2025 9:20:22 AM " STATE OF TEXAS _ COUNTY OF HARRIS § . that certain Deed of Trust, Assignment of L _ (the ‘Deed of Trust”) dated of even date wi .-for the benefit of Lender and/or its assigns, s for all purposes, together with all app "utility facilities to the extent samé pertain to _ described therein (all of whic _ Substitute Truste E NOTICE OF TRUSTEE’S SALE AND... APPOINTMENT OF SUBSTITUTE TRU: SE PRESENTS -~' WHEREAS, Canyon Club 240, LLC, a Texas li became indebted to Arbor Realty SR, Inc., a Maryland c that certain Promissory Note dated May 25, 2021 in lum principal amount of SEVENTEEN MILLION NINE HUNDRED THOUS. d NO/100 DOLLARS ($17,900,000.00) (the “Promissory Note”), executed and delivered by Borrower to the order of Lender, as payee, bearing interest and being due and payable’ as therein provided, and said Promissory Note and all liens, security interests and assignments securing same having been finally assigned to Canyon Club PO LLC, a Delaware limited liability company (the “Holder”); : WHEREAS, the indebtedness evidenc Pritnissory Note is secured by, among - other things, certain liens, security interests and assi, , evidenced by, among other things, t ents, Security Agreement and Fixture Filing ; Note, naming Gavriel Toso as Trustee, dof Trust being duly recorded on May 27, 2021, as Instrument No. RP-2021-294183:0f the ial Public Récords.of Harris County, Texas, covering the property described in Exh attached hereto and made a part hereof by reference atildings, structures, fixtures, personal property, erty, including without limitation any and all , wastewater capacity, drainage, water or other. benefit all or any portion of said real property, company (“Borrower”), ender”), as evidenced by and improvements on, in and under,said real p: including without limitation all on: the future, whether now or he: t and the Deed of Trust and all other documents securing the Promissory Note are held by the Holder (hereinafter referred to as “Beneficiary”), having an address c/o Sheppard ig, Richter & Hampton LLP, 2200 Ross Avenue, 20" Floor, Dallas, Texas 75201; : occurred in the payment of the Promissory Note and indebtedness,” the obligations of the Deed of Trust, and because of such default, holder of the Promissory Note and the Deed of Trust, has requested perty; / , . extent the Deed of Trust encumbers both real and personal property, en of Beneficiary’s election to proceed. against and sell both the real WHEREAS and in the perfo: ‘Beneficiary, as the o property and atiyspersonial property described in the Deed of Trust in accordance with Beneficiary’s . der the Deed of Trust and Section 9.604(a) of the Texas Business and -]- ' commitments or letters covering any such use in TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6785 FILED 9/15/2025 9:20:22 AM WHEREAS, pursuant to the authority granted in the Deed of Trust and in accordance with the Texas Property Code, Beneficiary has appointed each of the undersigned as “Substitute Trustee” under the Deed of Trust pursuant to duly authorized and executed appointment document; WHEREAS, Beneficiary has requested the undersigned Substitute. Trustee to enforce the liens of the Deed of Trust by sale of the Property in the manner set forth under the terms of the Deed of Trust and pursuant ‘to the laws of the State of Texas; and WHEREAS, the undersigned, Substitute Trustee, acting upon the request of Beneficiary, by. these presents is hereby posting, filing and giving notice of the foreclosure o Deed of Trust and the lien thereof in accordance with applicable Texas law and the provisions of the Deed of Trust, NOW, THEREFORE, pursuant to authority conferred upon each o Trust, we, the undersigned duly appointed ‘Substitute Trustee under said Deed such duly appointed Substitute Trustee or Successor Substitute Trustee, und eed of Trust, having an address c/o Sheppard, Mullin, Richter & Hampton LLP, 2206 Ross Avy 20" Floor, Dallas, Texas 75201, in order to satisfy the indebtedness secured it the request of _ Beneficiary, the owner and holder of said indebtedness, de ade in the payment of the Promissory Note and said indébtedness and/or de: i een made under the covenants set out in the said Deed of Trust, will se! inst the indebtedness secured by the is County Commissioner’s Court as. e, and more specifically the Bayou City lien of the Deed ‘of Trust) at the area desi, the area where non-judicial foreclosur Event Center. located at 9401 Kni; Hou: ‘exas 77045, pursuant to Section 51.002 of the Texas Property Code. . / ; THE SALE OF THE PROP. Is “AS IS” AND “WHERE IS” AND. WITHOUT REPRESENTATION OR W. 'Y OF ANY KIND BY THE SUBSTITUTE TRUSTEE(S), EXPRESS, IMPLIED, STATUTORY, QUASI-STATUTORY OR OTHERWISE, ANY WARRANT. ERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE BEING S DISCLAIMED: NEITHER THE HOLDER OF THE PROMISSORY BSTITUTE TRUSTEE(S) MAKE(S) ANY REPRESENTATIONS OR RESPECT TO COMPLIANCE WITH LAWS, RULES, AGREEMENTS NTY OR. REPRESENTATION WHATSOEVER WITH RESPECT TO THE RTY, ALL OF WHICH ARE EXPRESSLY WAIVED BY PURCHASER. URSUANT TO SECTION 51.0075(A) OF THE TEXAS PROPERTY CODE, SUBSTITUTE TRUSTEE RESERVES THE RIGHT TO SET FURTHER REASONABLE CONDITIONS FOR CONDUCTING SUCH SALE CONTEMPLATED BY THIS NOTICE. ANY SUCH FURTHER ° CONDITIONS SHALL.BE ANNOUNCED BEFORE BIDDING IS OPENED FOR THE FIRST SALE OF THE DAY BY SUBSTITUTE TRUSTEE. ASSERT AND PROTECT YOUR RIGHTS AS A MEMBER OF THE ARMED FORCES OF ' THE UNITED STATES. IF YOU OR YOUR SPOUSE JS SERVING ON ACTIVE MILITARY -2- TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6785 FILED 9/15/2025 9:20:22 AM DUTY, INCLUDING ACTIVE MILITARY DUTY AS A MEMBER OF THE TEXAS .NATIONAL GUARD OR THE NATIONAL GUARD OF ANOTHER STATE OR AS A MEMBER OF A RESERVE COMPONENT OF THE ARMED FORCES OF THE UNITED STATES, PLEASE SEND WRITTEN NOTICE OF THE ACTIVE DUTY MILITARY SERVICE TO THE HOLDER IMMEDIATELY. THIS INSTRUMENT APPOINTS THE SUBSTITUTE TRUSTEE(S) IDENTIFIED * BELOW TO SELL THE PROPERTY DESCRIBED IN THE SECURITY INSTRUMENT IDENTIFIED IN THIS NOTICE OF SALE THE PERSON SIGNING THIS NOTICE IS THE ATTORNEY OR AUTHORIZED AGENT OF THE MORTGAGEE OR MORTGAGE SERVICER. [SIGNATURE PAGE FOLLOWS] . 8°? WIT yoN 3- TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6785 FILED 9/15/2025 9:20:22 AM In accordance with Section 51.0076 of the Texas Property Code, the undersigned attorney for the mortgage servicer has named and appointed, and by these presents does name and appoint the following attorneys at law as Substitute Trustee to act under and by virtue of said Deed of Trust: AMANDA COTTRELL KELLY VAZHAPPILLY ALEXANDRIA AMERINE GRACE MILLER MARISSA BAIRD LAURYN VIGIL GRAYDON COWAN \ ' EXECUTED AND EFFECTIVE SEPTEMBER 15, 2025. Sheppard, Mullin, Richter & Hampton LLP 2200 Ross Avenue, 20" Floor _ Dallas, Texas 75201. ‘1 VY 7 ) TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6785 FILED 9/15/2025 9:20:22 AM EXHIBITA LEGAL DESCRIPTION Tax Identification No. 109-467-000-0003 Land situated in the City of Houston, County of Harris, State of Texas, more particularly described as follows: 6.8166 acres (296,932 square feet) of land located in the Simon Contrates Survey, Abstract No. 220, Harris County, Texas, being a part of unrestricted reserve "C" of North Green Business Park, as per plat recorded in Volume 235, Page 77 of the Harris County Map Records and being platted as North Green Apartments, as per plat recorded in Volume 282, Page 103 of the Harris Eounty Map Records, said 6.8166 acre tract being more particularly described by metes and bounds as follows (all bearings are referenced to the plat of said North Green Apartments): BEGINNING at a 5/8 inch iron rod found marking the most southerly southeast cutback corner at the intersection of the easterly right-of way line of Green Plaza Drive (60 feet wide) and the southerly right-of-way line of Plaza Verde Drive (60 feet wide), said point being the most westerly northwest comer of said North Green Apartments; . THENCE North 21 degrees 21 minutes 25 seconds East, along said cutback corner, a distance of 21.21 feet to a 5/8 inch iron rod found for corner in the southerly line of said Plaza Verde Drive (60 feet wide); THENCE North 66 degrees 21 minu' nd t ig the southerly line o: : _ Drive (60 feet wide),.2 di of,222.00 feet to a h ion rod found for a point ature; CHin anoi terly direc’ contin line of said Plaza Verde Drive right, hi a radi .G0 feet, a delta angle of 09 degrees 53 minutes c nds, a chord bear distance of North 71 degrees 17 minutes 57 seconds East, 244.68 : ‘or an arc length of 244:98 feet to a 1 inch iron rod found for the northeast comer of the aforementioned North Green Apartments; THENCE South 03 degrees 27 minutes 54 seconds East, along an easterly line of said North Green Apartments, a distance of 683.95 feet to a 5/8 inch iron rod found for an angle point; THENCE South 00 degrees 09 minutes 00 seconds East, continuing along an easterly line of said North Green Apartments, a distance of 228.20 feet to a 5/8 inch iron rod found for the southeast _corner of said North Green Apartments, THENCE North 89 degrees 53 minutes 00 seconds West; along the south line of said North Green , Apartments, 4 distance of 275.26 feet to a 5/8 inch iron rod found for the southwest corner of said North Green Apartments, being on a curve in the easterly line of the aforementioned Green Plaza. Drive (60 feet wide); THENCE in a northwesterly direction along the easterly line of said Green Plaza Drive (60 feet wide) with a curve to the left, having a radius of 1480.00 feet, a delta angle of 20 degrees 58 minutes 23 seconds, a chord bearing and distance of North 13 degrees 09 minutes 24 seconds West, 538.73 feet, for an arc length of Sai .75 feet to a 5/8 inch iron rod found for a point of tangency; THENCE North 23 degrees 38 minutes 35 seconds, West, continuing along the easterly line of said Green Plaza Drive (60 feet wide), a distance of 216.70 feet to the POINT OF BEGINNING and containing 6.8166 acres of land. X\ EXHIBIT A / Y
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