Foreclosure Notice - 3551 Wilshire Wy, Richardson, 75082 - 06/02/2026
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Address
Auction Date
Foreclosure
Appraised
Year Built
Lien
Sq. Ft.
Prop Type
Address
Foreclosure
Year Built
Prop Type
3551 Wilshire Wy
06/02/2026
mortgage
$53,360,000
2016
$53,750,000
326,496
Residential R (B1)
3551 Wilshire Wy
mortgage
2016
Residential R (B1)
For a full list of foreclosure notices please visit the foreclosure listing page
Details
Status:  UNKNOWN
Mortgage Foreclosure
Legal Description
THE RILEY CONDOMINIUM (CRC), UNIT 1, 92.72 % CMN INT; * (RESIDENTIAL APARTMENT UNIT) *
Links
Additional info
Appraised Value:  $53,360,000
Year Built:  2016
Lien Amount:   $53,750,000
Improvement Area:  326,496 sq.ft.
Lot Size:  144,793.44 sq.ft.
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Foreclosure Notice*
fl 2026 MAY 12 PM 2: 10 NOTICE OF SUBSTITUTE TRUSTEE' S SALE STACEY KEMP COUNTY CLERK BBCMS 2024- C26/ The Riley) COL UNTY. TEXAS BY: QEPUTY May 12, 2026( the" Effective Date") Notice ishereby given that a Foreclosure' ofthe Property( defined below) willbe heldat the date, time and place specified in this notice. DATE OF SALE: Tuesday, June 2, 2026( the first[ 1St] Tuesday ofthat month). TIME OF SALE: The earliest time atwhich theForeclosure will occuris 1:00PM(Collin County,Texas The Foreclosure shall begin at that time ornot laterthan three( 3) hours thereafter. time). PLACE OF SALE: The Foreclosure will take place at the location designated by the Commissioner' s Court ofCollin County, Texas as the location where nonjudicial foreclosure sales are to take place. Ifno 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 ofTrust.3 PROPERTY BEING SOLD: The Property'', which has a street address of 3551 Wilshire Way, Richardson, Texas 75082, in Collin County,Texas. Foreclosure" means apublic nonjudicial foreclosure sale, at auction. 2 " Loan" meansthedebtevidencedbytheNote(definedbelow). Note" means,collectively,(i) thatcertainPromissoryNote(A-1), datedApril30,2024,executedbyBorrower(definedbelow), payable to the orderofOriginal Noteholder( defined below), as payee, in theoriginal principal amountof$33,750,000.00; and ii)that certain Promissory Note( A-2), dated April 30, 2024, executed by Borrower( defined below), payable to the order of Original Noteholder, aspayee, inthe original principal amount of$20,000,000.00. Borrower" means Riley Cityline Property Owner LLC, aTexas limited liability company. Oriuinal Noteholder" means Argentic Real Estate Finance 2LLC, aDelaware limited liability company. 3 " Deed ofTrust" means thatcertain Leasehold Deed ofTrust, Assignment ofLeases and Rents, Security Agreement andFixture Filing, dated effective April 30, 2024, executed and delivered by Borrower, as grantor, to Nicholas M. Pyka, as trustee for the benefit ofOriginal Noteholder, asbeneficiary, recorded as Instrument No.2024000052489 intheReal Property Records inCollin County, Texas, covering, among other things, the Property. 4 " Property" means that certain real property, personal property, and general intangibles described inthe Deed ofTrust, the real propertyofwhich islocatedatthestreet address 3551 Wilshire Way,Richardson,Texas 75082, inCollinCounty, Texas, andmore particularly described on Exhibit" A", attached hereto and incorporated herein by reference, as well as the Borrower' s leasehold interest created by that certain Ground Lease between Garland Housing Finance Corporation, a Texas public nonprofit housing finance corporation, as landlord orlessor, and Borrower, as lessee, asmore particularly described on Exhibit" B", attached hereto and incorporated herein by reference. 1 Securitization: BBCMS 2024-C26 RialtoLoanNo.: 301741677 Borrower: Riley Cityline Property Owner LLC Property: 3551 Wilshire Way, Richardson, Texas 75082( The Riley) NOTICE OFSUBSTITUTE TRUSTEE' SSALEASSIGNMENTS/ TRANSFERS: NOTEHOLDER: Pursuant to certain endorsements, assignments, and/or transfers of the Loan Documents,' Noteholder6 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, Noteholder reserves the right to endorse, assign and/or transfer the Loan Documents to a third-party at any time after this Notice ofSubstitute Trustee' s Sale has been posted in Collin County, Texas ( including just prior to the nonjudicial foreclosure sale). You may contact Pawel Ligas with Noteholder ( at the telephone number provided below) to determine whether Noteholder 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 ofthe successor noteholder. TEXAS PROPERTY CODE & 51.0025 NOTICE: Noteholder is currently acting by and through the Special Servicer,andmaybecontactedatc/othe SpecialServicer,200 SBiscayneBlvd.Suite3550,Miami, Florida 33131, Attention: Pawel Ligas,( 305) 909-8718( telephone). ACTIVE MILITARY DUTY NOTICE: To assert and protect your rights as a member of the armed forces ofthe United States, ifyou 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 ofa reserve component ofthe armed forces ofthe United States, please send written notice ofthe active duty military service to the sender ofthis notice immediately. SUBSTITUTE TRUSTEES: Pursuant to the Appointment, the Substitute Trustees' were each appointed asubstitute trustee underthe Deed ofTrust. Anyone( 1) ofthe Substitute Trustees( including the Substitute Trusteethat signedthisNotice ofSubstitute Trustee's Sale) may conductthenonjudicial foreclosure sale. 5 " Loan Documents" means, collectively, theLoan Agreement( defined below), the Note, the Deed ofTrust, and any and all otherdocuments executedinconnectiontherewith and/orrelatinginanywaythereto. Loan Agreement" means that certain Loan Agreement, dated April 30, 2024, entered into by and between Borrower and Original Noteholder. 6 " Noteholder" means RSS BBCMS2024- C26- TX RCPO, LLC, aTexas limited liability company, acting by and through the Special Servicer( defined below). Special Servicer" means Rialto Capital Advisors, LLC, a Delaware limited liability company, not individually but solely in itsauthorizedcapacity asspecialservicerpursuanttothatcertainPoolingandServicingAgreement,datedMay 1, 2024. 7 " Appointment" means that certain Appointment ofSubstitute Trustees and Request to Act, dated May 8, 2026 related to the Loan,recorded inthe RealProperty Recordsin Collin County,Texas. B" Substitute Trustees" means each ofthe following: Eugene F. Segrest of Dallas County, Texas, Holland& Knight LLP, 1722 Routh Street Suite 1500, Dallas, Texas 75201, ( 214) 964-9465( telephone), Gene.Segrest@hklaw.com( email). Jennifer M. Duplissey ofDallas County, Texas, Holland& Knight LLP, 1722 Routh Street Suite 1500, Dallas, Texas 75201,( 214) 964-9497( telephone), Jennifer.Duplissey@hklaw. com( email). Michelle Allen ofDallas County, Texas, Holland& Knight LLP, 1722 Routh Street Suite 1500, Dallas, Texas 75201,( 214) 964- 9491 (telephone), Michelle.Allen@hklaw.com( email). Brandon Len King ofTravis County, Texas, Holland& Knight LLP, 98 San Jacinto Blvd., Suite 1900, Austin, Texas 78701,( 512) 469-6126( telephone), Brandon. King@hklaw. com( email). Chip Pierce of Dallas County, Texas, 1722 Routh Street Suite 1500, Dallas, Texas 75201, ( 214) 969-9491 ( telephone), Chip.Pierce@hklaw.com( email). 2 Securitization: BBCMS 2024- C26 Rialto LoanNo.: 301741677 Borrower: Riley Cityline Property Owner LLC Property: 3551 Wilshire Way, Richardson, Texas 75082( TheRiley) NOTICE OFSUBSTITUTE TRUSTEE' SSALEThe 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, thematurity date oftheNote hasbeen accelerated and,therefore, all ofthe( i)unpaidprincipal ii)accrued interest due under the Note, and (iii)other amounts provided for in the due under the Note, ( Loan Documents are now due and payable in full. Noteholder has requested that any one ( 1) of the Substitute Trustees, each ofwhom is a substitute trustee under the Deed ofTrust, sell the Property for cash, the proceeds ofsuch nonjudicial foreclosure sale to be applied in accordance with the terms and provisions ofthe Loan Documents andapplicable law. Noteholder has further requested that any one( 1) of the Substitute Trustees sell all of the components ofthe Property 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 at thesame time andplace astheForeclosure ofthe real property. Therefore, at the date, time, and place set forth above, one ( 1) ofthe Substitute Trustees will sell the Property tothehighest bidder for cash pursuant tothe terms oftheLoan Documents and applicable law. signature pagefollows] 3 Securitization: BBCMS 2024- C26 Rialto Loan No.: 301741677 Borrower: Riley Cityline Property Owner LLC Property: 3551 WilshireWay,Richardson,Texas75082(TheRiley) NOTICE OFSUBSTITUTE TRUSTEE' SSALEIN WITNESS WHEREOF, this Notice of Substitute Trustee's Sale has been executed to be enforceable on the Effective Date. By: Na Chip Pierce Title: Substitute Trustee STATE OF TEXAS COUNTY OF DALLAS This instrument was acknowledged before me on May 2026, by Chip Pierce, as substitute trustee, in the capacity herein stated. SEAL] trs oo, CHERYL MCELROY Notary ID t17752425 Notary Pub c State ofTexas My Commission Expires 0 44 July 10, 2029 Securitization: BBCMS 2024-C26 Rialto LoanNo.: 301741677 Borrower: Riley Cityline Property Owner LLC Property: 3551 Wilshire Way, Richardson, Texas 75082( The Riley) NOTICE OF SUBSTITUTE TRUSTEE' SSALEEXHIBIT" A" to Notice ofSubstitute Trustee' s Sale Real Property All ofthe Retail Unit and the Residential Apartment Unit ofThe Riley Condominium, a Condominium accordingly to the Master Condominium Declaration for The Riley Condominium dated as of April 30, 2024 and recorded April 30, 2024 under Clerk's File Number 2024000052102 in the Official Public Records of Collin County, Texas ( the " Declaration") and pursuant to the Texas Uniform Condominium Act. Together with the Allocated Interests in and to the Common Elements as defined in the Declaration. Also, together with those easement rights arising under the Declaration. Further,togetherwiththoseeasementrights arisingunderthat certainDeclaration ofCovenants, Conditions and Restrictions by Riley Cityline Property Owner LLC dated April 30, 2024 andrecorded simultaneously herewith under Clerk's File Number 2024000052101 in the Official Public Records of Collin County, Texas. Further, together with those easement rights arising under that certain Master Declaration ofCovenants, Conditions and Restrictions dated December 7, 1999, filed December 13, 1999, recorded in Volume 4561, Page 1879, Deed Records, Collin County, Texas; as affected by Assignment dated February 18, 2009, filed August 28, 2009, recorded under Clerk' s File No. 20090828001082160, Official Public Records, Collin County, Texas; as affected by Assignment dated August 27, 2009, filed August 28, 2009, recorded under Clerk'sFile No. 20090828001082170, Official Public Records, Collin County, Texas; as affectedby First Amendment datedJuly20,2011, filedJuly21, 2011, recordedunder Clerk's FileNo.20110721000759230, Official Public Records, Collin County, Texas; as affected byAssignment dated December 17, 2012, filed December 18, 2012, recorded under Clerk' s File No. 20121218001611960, Official Public Records, Collin County, Texas; asaffected byAmendment toMaster Declaration ofCovenants, Conditions andRestrictions datedDecember 12, 2014, filedDecember 17, 2014,recordedunder Clerk'sFileNo.20141217001369520, Official Public Records, Collin County, Texas; as affected by Supplement to Master Declaration of Covenants,Conditions andRestrictionsdatedJune 3, 2016, filedJune 3, 2016, recordedunderClerk's File No. 20160603000696160, Official Public Records, Collin County, Texas, as affected by Amendment to Master Declaration ofCovenants, Conditions and Restrictions dated December 12, 2014, filed December 17, 2014, recorded under Clerk' s File No. 20141217001369520, Official Public Records, Collin County, Texas. EXHIBIT" A" Securitization: BBCMS 2024-C26 Rialto Loan No.: 301741677 Borrower: RileyCityline PropertyOwnerLLC Property: 3551 Wilshire Way, Richardson, Texas 75082( The Riley) APPOINTMENT OF SUBSTITUTE TRUSTEES ANDREQUEST TOACTEXHIBIT "B" to Notice ofSubstitute Trustee' s Sale Pledged Lease That certain Ground Lease between Garland Housing Finance Corporation, a Texas public nonprofit housing finance corporation, as landlord or lessor, and Riley Cityline Property Owner LLC, as lessee, evidenced by that certain Memorandum of Ground Lease between the foregoing parties dated April 30, 2024, filed May 2, 2024, recorded under Clerk' s File No. 2024000052486, Official Public Records, Collin County, Texas. EXHIBIT` B" Securitization: BBCMS 2024-C26 Rialto Loan No.: 301741677 Borrower: RileyCityline Property Owner LLC Property: 3551 WilshireWayRichardson,Texas75082(TheRiley) NOTICE OFSUBSTITUTE TRUSTEE' SSALE
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