Foreclosure Notice - 3501 N JUPITER RD, RICHARDSON, 75082 - 12/05/2023
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
3501 N JUPITER RD
12/05/2023
mortgage
$33,498,133
1985
$288,550,000
179,891
Business R(B1)
3501 N JUPITER RD
mortgage
1985
Business R(B1)
For a full list of foreclosure notices please visit the foreclosure listing page
Details
Status:  UNKNOWN
Mortgage Foreclosure
Legal Description
RICHARDSON TRAILS CRC, LOT 1
Links
Additional info
Appraised Value:  $33,498,133
Year Built:  1985
Lien Amount:   $288,550,000
Improvement Area:  179,891 sq.ft.
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Foreclosure Notice*
"FILED NOTICE OF SUBSTITUTE TRUSTEES SALE LoanCore 2022CRE7 Pool C November2, , 2023 the Effective Date hte Gifitand NY, TEXAS Notice is hereby given that a Foreclosure of the Property defined below will be helshat te place specified in this notice. RY: DATE OF SALE: Tuesday, December 5, 2023 the first 1 Tuesday of that month. TIME OF SALE: The earliest time at which the Foreclosure will occur is 1:00 PM Collin County, Texas time. The Foreclosure shall begin at that time or not later than three 3 hours thereafter. PLACE OF SALE: The Foreclosure will take place at the location designated by the Commissioners Court of Collin County, Texas as the location where nonjudicial foreclosure sales are to take place. If no such location has been designated, the Foreclosure will take place at the location where nonjudicial foreclosure sales in Collin County, Texas are typically conducted. INDEBTEDNESS PROMPTING SALE: The Loan. DEED OF TRUST CREATING LIEN THAT IS THE SUBJECT OF SALE: The Deed of Trust PROPERTY BEING SOLD: The Property, which has a street address of 3501 North Jupiter Road, Richardson, Texas 75082, in Collin County, Texas. ASSIGNMENTSTRANSFERS NOTEHOLDER: Pursuant to certain endorsements, assignments, andor transfers of the Loan Documents, Noteholder is the current owner of the Loan Documents. Foreclosure means a public nonjudicial foreclosure sale, at auction. 2 Loan means the debt evidenced by the Note defined below. Note means that certain Promissory Note Pool C, dated February 15, 2022, executed by Borrower, payable to the order of Original Noteholder defined below, as payee, in the original principal amount of 288,550,000.00. Borrower means, collectively, 135 Haywood Crossing Dr LLC, a Delaware limited liability company 1070 W Main Street LLC, a Delaware limited liability company 625 Vista Ridge Mall Dr LLC, a Delaware limited liability company 3501 N Jupiter Road LLC, a Delaware limited liability company and 12700 Stafford Road LLC, a Delaware limited liability company. Original Noteholder means LoanCore Capital Credit REIT LLC, a Delaware limited liability company. 3 Deed of Trust means that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated effective February 15, 2022, executed and delivered by 3501 N Jupiter Road LLC, as trustor, to Peter S, Graf, as trustee for the benefit of Original Noteholder, as beneficiary, recorded as Instrument No, 2022022500031 1650 in the Official Public Records in Collin County, Texas, covering, among other things, the Property. Property means that certain real property, personal property, and general intangibles described in the Deed of Trust, the real property of which is located at the street address 3501 North Jupiter Road, Richardson, Texas 75082, in Collin County, Texas, and more particularly described on Exhibit A, attached hereto and incorporated herein by reference. Loan Documents means, collectively, the Loan Agreement defined below, the Note, the Deed of Trust, and any and all other documents executed in connection therewith andor relating in any way thereto. Loan Agreement means that certain Loan Agreement Pool C, dated February 15, 2022, entered into by and between Borrower and Original Noteholder. Noteholder means LoanCore 2022CRE7 Issuer Ltd., acting by and through the Special Servicer defined below. I Securitization LoanCore 2022CRE7 Situs Loan No.: 37396 Borrower: 3501 N Jupiter Road LLC et al. Property: 3501 North Jupiter Road, Richardson, Texas 75082 Pool C 233100273_ v1 52799100009 NOTICE OF SUBSTITUTE TRUSTEES SALE \f However, consistent with the laws of the State of Texas and the terms and provisions contained within the Loan Documents, Noteholder reserves the right to endorse, assign andor transfer the Loan Documents to a thirdparty at any time after this Notice of Substitute Trustees Sale has been posted in Collin County, Texas including just prior to the nonjudicial foreclosure sale. You may contact Ted Bradley with Special Servicer at the telephone number provided below to determine whether Noteholder has endorsed, assigned andor transferred the Loan Documents to a thirdparty and, if they have, to obtain the name, address, and other contact information of the successor noteholder. TEXAS PROPERTY CODE 51,0025 NOTICE: Noteholder is currently acting by and through the Special Servicer, and may be contacted at co the Special Servicer, 2 Embarcadero Center, 8th Floor, San Francisco, California 94111, Attention: Ted Bradley, 972 5104502 telephone. ACTIVE MILITARY DUTY NOTICE: To assert and protect your rights as a member of the armed forces of the United States, if you are or your spouse is serving on active military 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 sender of this notice immediately. SUBSTITUTE TRUSTEES: Pursuant to the Appointment, the Substitute Trustees were each appointed a substitute trustee under the Deed of Trust. Any one 1 of the Substitute Trustees including the Substitute Trustee that signed this Notice of Substitute Trustees 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, the maturity date of the Note has been accelerated and, therefore, all of the 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. Noteholder has requested that any one 1 of the Substitute Trustees, each of whom is a substitute trustee under the Deed of Trust, sell the Property for cash, the proceeds of such nonjudicial foreclosure sale to be applied in accordance with the terms and provisions of the Loan Documents and applicable law. Special Servicer means Situs Holdings, LLC, a Delaware limited liability company, not individually but solely in its authorized capacity as special servicer pursuant to that certain Servicing Agreement, dated February 23, 2022. 7 Appointment means that certain Appointment of Substitute Trustees and Request to Act, dated November 8, 2023, recorded as Document No. 2023000129408 in the Real Property Records in Collin County, Texas. Substitute Trustees means each of the following: Mark Weibel, Esq. of Dallas County, Texas, Holland Knight LLP, 1722 Routh Street, Suite 1500, Dallas, Texas 75201, 214 9691111 telephone, mark, weibelhklaw.com email. Sam Murphy, Esq. of Dallas County, Texas, Holland Knight LLP, 1722 Routh Street, Suite 1500, Dallas, Texas 75201, 214 9692523 telephone, sam.murphyhklaw.com email. Jillian DeMesy, Esq. of Dallas County, Texas, Holland Knight LLP, 1722 Routh Street, Suite 1500, Dallas, Texas 75201, 214 9692165 telephone, jillian.demesyhklaw.com email, James Hrissikopoulos, Esq. of Dallas County, Texas, Holland Knight LLP, 1722 Routh Street, Suite 1500, Dallas, Texas 75201, 214 9691190 telephone, james.hrissikopouloshklaw,.com email. Chris Hamilton, Esq. of Dallas County, Texas, Holland Knight LLP, 1722 Routh Street, Suite 1500, Dallas, Texas 75201, 214 9691343 telephone, christopher.hamiltonhklaw.com email. wm Securitization LoanCore 2022CRE7 Situs Loan No.: 37396 Borrower: 3501 N Jupiter Road LLC et al. Property: 3501 North Jupiter Road, Richardson, Texas 75082 Pool C 233100273_ v1 527991 .00009 NOTICE OF SUBSTITUTE TRUSTEES SALE \f Noteholder has further requested that any one 1 of the Substitute Trustees sell all of the components of the Property that are personal property including general intangibles andor fixtures at the same time and place as the Foreclosure of the real property. Accordingly, pursuant to and in accordance with the terms of Section 9.604 of the Texas Business and Commerce Code, the Foreclosure of the personal property, general intangibles, and fixtures will be held at the same time and place as the Foreclosure of the real property, Therefore, at the date, time, and place set forth above, one 1 of the Substitute Trustees will sell the Property to the highest bidder for cash pursuant to the terms of the Loan Documents and applicable law. signature page follows a Securitization: LoanCore 2022CRE7 Situs Loan No. 37396 Borrower: 3501 N Jupiter Road LLC et al, Property: 3501 North Jupiter Road, Richardson, Texas 75082 Pool C 233100273 v1 527991.00009 NOTICE OF SUBSTITUTE TRUSTEES SALE \f IN WITNESS WHEREOF, this Notice of Substitute Trustees Sale has been executed to be enforceable on the Effective Date. STATE OF TEXAS COUNTY OF DALLAS This instrument was acknowledged before me on November, 2023, by James Hrissikopoulos, in the capacity herein stated. SEAL Securitization LoanCore 2022CRE7 Situs Loan No, 37396 Borrower: 3501 N Jupiter Road LLC et al Property: 3501 North Jupiter Road, Richardson, Texas 78082 Pool C 233100273_v1 527991.00009 NOTICE OF SUBSTITUTE TRUSTEES SALE \f EXHIBIT A to Notice of Substitute Trustees Sale Real Property BEING A TRACT OF LAND SITUATED IN THE F.J. VANCE SURVEY, ABSTRACT NO 939 IN THE CITY OF RICHARDSON, COLLIN COUNTY, TEXAS, AND BEING ALL OF PHASE OF RICHARDSON TRAILS, AN ADDITION TO THE CITY OF RICHARDSON AS RECORDED IN CABINET D, SLIDE 7 OF THE PLAT RECORDS OF COLLIN COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS BEGINNING AT A BDD 58 INCH CAPPED IRON ROD SET FOR CORNER IN THE WEST LINE OF JUPITER ROAD A 100 R.0.W.,, SAID IRON ROD BEING THE SOUTHEAST CORNER OF SAID PHASE AND ALSO BEING 435,45 FEET ALONG THE WEST LINE OF JUPITER ROAD FROM THE NORTHERLY CORNER OF A 10 X 10 CORNER CLIP AT THE INTERSECTION OF THE NORTH LINE OF RENNER ROAD A 110R.O.W. AND THE WEST LINE OF SAID JUPITER ROAD A 110R.O.W. AT THIS POINT, SAID IRON ROD BEING A COMMON CORNER WITH RICHARDSON TRAILS, LOT A, BLOCK A, AS RECORDED IN CABINET L, SLIDE 119 OF THE PLAT RECORDS OF COLLIN COUNTY, THENCE NORTH 89 53 10 WEST, DEPARTING THE WEST LINE OF SAID JUPITER ROAD AND ALONG THE COMMON LINE BETWEEN PHASE AND LOT 1A, BLOCK A, A DISTANCE OF 667.55 FEET TO A BDD 58 INCH CAPPED IRON ROD SET FOR CORNER, THENCE NORTH 00 31 38 EAST, CONTINUING WITH SAID COMMON LINE, A DISTANCE OF 84.12 FEET TO A BDD 58 INCH CAPPED IRON ROD SET FOR CORNER, THENCE NORTH 89 53 10 WEST, CONTINUING WITH A SAID COMMON LINE, A DISTANCE OF 301.14 FEET TO A BDD 58 INCH CAPPED IRON ROD SET FOR CORNER, SAID IRON ROD BEING SITUATED IN THE EAST LINE OF LOT 2, BLOCK A, GALATYN PARK NORTH, AS RECORDED IN CABINET L, SLIDE 616 OF THE PLAT RECORDS OF COLLIN COUNTY, AND ALSO BEING THE NORTHWEST CORNER OF SAID LOT 1A, BLOCK A EXHIBIT A Securitization LoanCore 2022CRE7 Situs Loan No. 37396 Borrower: 3501 N Jupiter Road LLC et al Property: 3501 North Jupiter Road, Richardson, Texas 75082 Pool C 233100273_ v1 27991,00009 NOTICE OF SUBSTITUTE TRUSTEES SALE \f THENCE NORTH 00 02 49 EAST, ALONG THE EAST LINE OF SAID GALATYN PARK NORTH AND THE WEST LINE OF PHASE I, PASSING AT A DISTANCE OF 225.01 FEET AKHA 58 INCH CAPPED IRON ROD FOUND FOR THE COMMON CORNER OF LOT AND 2, BLOCK A OF GALATYN PARK NORTH, CONTINUING FOR A TOTAL DISTANCE OF 608.31 FEET TO A BDD 58 INCH CAPPED IRON ROD SET FOR CORNER IN THE SOUTH RIGHTOFWAY LINE OF INFOCOM DRIVE 85 R.0.W , THENCE SOUTH 89 53 10 EAST, ALONG THE SOUTH LINE OF SAID INFOCOM DRIVE, A DISTANCE OF 965.71 FEET TO A BDD 58 INCH CAPPED IRON ROD SET FOR CORNER, SITUATED IN THE AFOREMENTIONED WEST LINE OF JUPITER ROAD, THENCE SOUTH 00 08 26 EAST, ALONG THE WEST LINE OF SAID JUPITER ROAD, A DISTANCE OF 692.44 FEET TO THE POINT OF BEGINNING, AND CONTAINING 644,171 SQUARE FEET OR 14.7881 ACRES OF LAND, MORE OR LESS EXHIBIT A Securitization LoanCore 2022CRE7 Situs Loan No,: 37396 Borrower: 3501 N Jupiter Road LLC et al, Property: 3501 North Jupiter Road, Richardson, Texas 75082 Pool C 233100273_ v1 527991,00009 NOTICE OF SUBSTITUTE TRUSTEES SALE \f "
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