Foreclosure Notice - 19251 Preston Rd, Dallas, 75252 - 10/06/2026
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Address
Auction Date
Foreclosure
Appraised
Year Built
Lien
Sq. Ft.
Prop Type
Address
Foreclosure
Year Built
Prop Type
19251 Preston Rd
10/06/2026
mortgage
$56,000,000
1986
$85,200,000
387,098
Business R (B1)
19251 Preston Rd
mortgage
1986
Business R (B1)
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Details
Status:  ACTIVE
Mortgage Foreclosure
Legal Description
LINCOLN CROSSING APARTMENTS (CDA), BLK 18/8736, LOT 2
Links
Additional info
Appraised Value:  $56,000,000
Year Built:  1986
Lien Amount:   $85,200,000
Improvement Area:  387,098 sq.ft.
Lot Size:  801,338 sq.ft.
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Foreclosure Notice*
NOTICE OF SUBSTITUTE TRUSTEE' S SALE Richmond Apartments) August 31, 2026 ( the " Effective Date") Notice is hereby given that a Foreclosure' of the Property ( defined below) and the Collateral defined below) will be held at the date, time, and place specified in this notice. DATE OF SALE: Tuesday, October 6, 2026 ( the first [ 1st] Tuesday ofthat month).2 TIME OF SALE: The earliest time at which the Foreclosure will occur is 10:00 a.m. ( Collin County, Texas time). The Foreclosure shall begin at that time or not later than three ( 3) hours thereafter. The sale shall be completed by no later than 4:00 p.m. (Collin County, Texas time). PLACE OF SALE: The Foreclosure will take place at the front steps of the Collin County Courthouse located at 2100 Bloomdale Road, McKinney, Collin County, Texas, or as designated by the Collin County Commissioners Court where nonjudicial foreclosure sales are to take place. INDEBTEDNESS PROMPTING SALE: The Loan.3 DEED OF TRUST CREATING LIEN THAT IS THE SUBJECT OF SALE: The Deed of Trust.4 PROPERTY BEING SOLD: The Propertys, which has a street address_Ofd9251 Preston Road, Dallas, Texas 75252 in Collin County, Texas, and the Collateral6. El c' r_o i' 7 " Ail Ito,2: i axa a" rn Mr.- ,_43 Foreclosure" means apublic nonjudicial foreclosure sale, at auction. c 1. rV 2The Deed ofTrust( defined below),permits the Lender( defined below) topostpone, discontinue, or reschedule the Foreclosure for another day. 3" Loan" means the debt evidenced bythe Note( defined below)." Note" means that Promissory Note, dated as of July 13, 2022, executed by Borrower( defmed below), payable to the order ofLender( defined below), in the original principal amount ofup to$ 85,200,000.00." Borrower" means S2 Lincoln Crossing LP, a Texas limited partnership." Lender" means Structured Real Estate Capital, LLC, aDelaware limited liability company. 4" Deed ofTrust" means that certainDeed ofTrust, Assignment ofLeases andRents, Security Agreement and Fixture Filing, datedas ofJuly 13, 2022, grantedby Borrowerforthe benefitofLender( defmedbelow), and recorded July 14, 2022, as Instrument No. 2022000109844 in the Official Public Records ofCollin County, Texas, as amended, supplemented, and otherwise modified from timeto time,whereBorrower didgrant, bargain, sell, convey, transfer, assign and set over unto Melissa McCarty Scoggins, as trustee, the Property to secure payment and performance ofthe indebtedness and obligations described therein. 5" Property" means that certain real property situated in Collin County, Texas, more particularly described on Exhibit A, attached hereto and incorporated herein by reference, having a street address of 19251 Preston Road, Dallas, Texas 75252. 6" Collateral" means the security interest granted by the Borrower inthe Property and other collateral described and defined in the Deed ofTrust, including personal property, fixtures, leases, rents, plans, property agreements, and related rights and proceeds. 1 -ASSIGNMENTS/ TRANSFERS; LENDER: Pursuant to certain endorsements, assignments, and/ or transfers of the Loan Documents7, Lender is the current owner of the Loan Documents. However, consistent with the laws ofthe State ofTexas and the terms and provisions contained within the Loan Documents, Lender reserves the right to endorse, assign, and/ ortransfer the Loan Documents to athird-party at any time after this Notice of Substitute Trustee' s Sale has been posted in Collin County, Texas ( including just prior to the nonjudicial foreclosure sale). You may contact Shawyan Ahmadian on behalf of Lender (at the telephone number provided below) to determine whether Lender has endorsed, assigned, and/or transferred the Loan Documents to a third party and, ifthey have, to obtain the name, address, and other contact information of the successor lender. TEXAS PROPERTY CODE § 51.0025 NOTICE: Lender may be contacted through its representative at c/o Shawyan Ahmadian at( 561) 300- 6210. ACTIVE MILITARY DUTY NOTICE: To assert and protect your rights as amember ofthe armed forces of the United States, if you are or your spouse is serving on active military duty, including military duty as amember ofthe Texas National Guard or the National Guard ofanother state or as amember ofareserve component ofthe armed forces oftheUnited States, please send written notice ofthe active duty military service to the sender ofthis notice immediately. SUBSTITUTE TRUSTEES: Pursuant to the Appointment8, the Substitute Trustees9 were each appointed a substitute trustee under the Deed ofTrust. Any one( 1) ofthe Substitute Trustees including the Substitute Trustee who signed thisNotice ofSubstitute Trustee' s Sale) may conduct the nonjudicial foreclosure sale. The Loan is in default. As required by the terms and provisions contained within the applicable Loan Documents, all required notices have been provided and all applicable cure periods have expired. Accordingly, all ofthe ( i) unpaid principal due under the Note, ( ii) accrued interest due under the Note, and (iii) other amounts provided for in the Loan Documents are now due and payable in full. Lender has requested that any one ( 1) ofthe Substitute Trustees, each ofwhom is a substitute trustee under the Deed of Trust, sell the Property and the Collateral in cash, the proceeds of such nonjudicial foreclosure sale to be applied in accordance with the terms and provisions ofthe Loan Documents and applicable law. Loan Documents" means, collectively, the Loan Agreement( defined below), theNote, the Deed ofTrust, and all otherdocuments now orhereafter evidencing, securing, or executed in connection with the indebtedness." Loan Agreement" meansthat certainLoanAgreement, dated as ofJuly 13, 2022, as amendedby that certainFirst Amendment to Loan Agreement and Loan Documents dated as ofJanuary 5, 2024 and thatcertain Second Amendment toLoanAgreement andLoan Documents made as ofJuly 7, 2025 and effective as ofJune 30, 2025 by and between Borrower and Lender. 8" Appointment" means that certain Appointment ofSubstitute Trustees and Request to Act, dated August 6, 2026, recorded as Instrument No. 2026000106868 inthe Official Public Records ofCollin County, Texas. 9" Substitute Trustees" means eachofthe following: i)Brandon A. Fuqua, DLA Piper LLP( US), 1900 N. Pearl Street, Suite 2200, Dallas, Texas 75201,( telephone: 214-743- 4581),( email: brandon.fuqua@us.dlapiper.com); and( ii)John Canoni, DLA PiperLLP( US), 1900 N. Pearl Street, Suite 2200, Dallas, Texas 75201, ( email: john.canoni@us.dlapiper. com),( telephone: 214- 743- 4547). 2-TERMS OF SALE: The Foreclosure will be conducted at the date, time, and place set forth abovewherein one (1) ofthe Substitute Trustees will sell the Property andthe Collateral pursuant to the terms ofthe Loan Documents and applicable law: as a public auction to the highest bidder for cash, subject to the provisions ofthe Loan Documents permitting the Lender to have the bid credited to the Note (as defined above), and those desiring to purchase the Property will need to demonstrate their ability to pay cash at the date, time, and place the Property is sold. Lender has further requested that any one (1) ofthe Substitute Trustees sell all ofthe components ofthe Property and the Collateral that are personal property ( including general intangibles) and/or fixtures at the same time and place as the Foreclosure ofthe real property. Accordingly, pursuant to and in accordance with the terms ofSection 9.604 ofthe Texas Business and Commerce Code, the Foreclosure ofthe personal property, general intangibles, and fixtures will be held atthe same time and place as the Foreclosure ofthe real property. The Foreclosure will be made expressly subject to any title matters set forth in the Loan Documents, but prospective bidders are strongly urged to examine the applicable property records to determine the nature and extent ofsuch matters, ifany. Pursuant to section 51. 0075 ofthe Texas Property Code, the Substitute Trustee reserves the right to set further reasonable conditions for conducting the Foreclosure. Any such further conditions shall be announced before bidding is opened for the first sale ofthe day held by the Substitute Trustee. IN WITNESS WHEREOF, this Notice ofSubstitute Trustee' s Sale has been executed to be enforceable on the Effective Date. Name: Brandon A. Fuqua Title: Substitute Trustee STATE OF TEXAS COUNTY OF DALLAS § This instrument was acknowledged before me on August31, 2026, by Brandon A. Fuqua, as substitute trustee, in the capacity herein stated. Notary Public, State ofTexas My Commission expires: O6- 2%- Typ m ed A / Oc' c s ted name] EMILY HORNER Notary Public, State ofTexas m.: •? Comm. Expires 06-26-2028 Notary ID 134970619 3 -EXHIBIT A Legal Description TRACT 1( Fee): BEING atractofland situated intheWilliam Traughber Survey, Abstract No.905 and being all ofLot2,Block 18/8736 oftheLincoln Crossing Apartments, anadditiontotheCity of Dallas as recorded inCabinet G,Pages 279-280, Plat Records, Collin County, Texas, being a replat ofaportion oftheLloyd Addition, anaddition totheCity ofDallas asrecorded in Cabinet F,Pages 225-229, Plat Records, Collin County, Texas, and being more particularly described asfollows: BEGINNING ata 1/2" iron rodfound forcomer situated inthewest line ofPreston Road a127'R.O.W.) andbeingthemostSoutherly pointonacornerclip attheintersection of theWestlineofPrestonRoadandtheSouthlineofLloydCircle(a56'R.O.W.); THENCE S 00°20'30" EalongtheWest line ofPreston Road, adistance of192.80 feetto a 5/8" iron rod with cap found for corner, being the Northeast corner ofthe Lincoln Property Dallas,Inc.tractasrecordedinVolume2106,Page851,DeedRecords,CollinCounty,Texas: THENCE S 89°28'37" WdepartingthewestlineofPrestonRoadandalongtheNorthline oftheLincoln Property Dallas, Inc.tract, adistance of583.00feettoa5/8" iron rodwith cap stamped" BDD" found forcorner, being aninner ellcorner forLot2; THENCE S00°20'30" Ealong thewestline oftheLincoln Property Dallas,Inc.tract and crossingtheNorthlineofLloydDrive(aprivatedrive) at725.00feetandcontinuing onfor an overall distance of785.00 feet toa5/8" iron rod with cap stamped" BDD" found for corner,beingtheNorthwestcorneroftheUniversity Savings Associationtractasrecordedin Volume 2572, Page 055, Deed Records, Collin County, Texas, andtheNortheast corner of Lot 1, Block 18/8736 ofthePreston Bend Apartments Addition, anaddition tothe Cityof Dallas asrecordedinCabinet F,Page521, PlatRecords, Collin County,Texas,andalso being situatedinacurve totheleft,having acentral angleof70°31'42", aradiusof15.00 feet,andachordbearing ofS54°12'44" W,achordlengthof17.32feet; THENCE along theNorth line ofthe Preston Bend Apartments Addition the following: Along saidcurvetotheleft anarcdistance of18.46feettoa5/8" ironrodfound forcorner, being apoint ofreverse curvature to the right and having a central angle of160°31'44", a radius of 120.00 feet,achord bearing ofN 80°47'15" W, achord length of236.54 feet;Along saidcurvetotheright,anarcdistance of336.21 feettoan" x"foundforcorner; S 79°21'22" Wadistance of476.37 feettoa 1/2" ironrodfoundforcorner, situated intheEast line ofthe aforementioned Lloyd Circle andbeing theNorthwest corner ofthe Preston Bend Apartments Addition; THENCE along the FastlineofLloyd Circle thefollowing: N00°20'30" Wadistance of 679.17feettoa5/8" ironrodwithcap stamped" BDD" foundfor corner, beingthepoint of curvature totheright, having acentral angle of77°00'00", aradius of305.91 feet, achord bearing ofN 38°09'30" E,achordlength of380.87feet; Alongsaidcurvetotheright,anarcdistanceof411.11 feettoa1/2" ironrodfoundfor corner, being thepoint ofcompound curvature totheright having acentral angle of 13°00'00", aradius of2668.00feet, achordbearing ofN 83°09'30" E, achord length of 604.05feet; Along said curve to therightanarc distance of605.35feetto a1/2'' iron rodfound for corner: N 89°39'30" E, adistance of451.80feet to a1/2" ironrodfound forcorner, beingthe mostNortherly point ofthe aforementioned corner clip atthe intersection ofthe West line of PrestonRoadandtheSouthlineofLloyd Circle; THENCES45°20'30" Ealongsaidcornerclip,adistanceof14.14feettothePOINTOF BEGINNING andcontaining 801,338 square feet or 18.3962 acres ofland, more or less. TRACT 2( Easement): Non-exclusiveAccessandSignageEasementcreatedbythatcertainAmendedandRestated VariableWidthPrivateAccess,PublicUtility,FireLaneandSignageEasementexecutedby andbetween Lincoln Property Company No. 1234, Ltd., aTexas limited partnership, Lincoln , PropertyDallasInc.,aTexascorporation,UniversitySavingsAssociation,aTexassavingsand loanassociation,Equity-PrestonBendVentureLimitedPartnership,anIllinoisLimited partnershipandNationalConvenienceStoresIncorporated,aDelawarecorporationdated December21, 1987,filedDecember22, 1987,recordedinVolume2761, Page813,Deed Records, Collin County, Texas. FirstAmendment to Lloyd Drive Easement filedNovember 04, 1994, recorded under Clerk'sFile No. 94-0099100, Deed Records, Collin County, Texas.
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