Foreclosure Notice - 7979 FANNIN ST 154, HOUSTON, 77054 - 04/07/2026
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
7979 FANNIN ST 154
04/07/2026
mortgage
$4,573,713
1995
$7,750,000
63,980
F1 Real, Commercial
7979 FANNIN ST 154
mortgage
1995
F1 Real, Commercial
For a full list of foreclosure notices please visit the foreclosure listing page
Details
Status:  UNKNOWN
Mortgage Foreclosure
Legal Description
RES A BLK 1 HOMESTEAD VILLAGE-ASTRODOME
Links
Additional info
Appraised Value:  $4,573,713
Year Built:  1995
Lien Amount:   $7,750,000
Improvement Area:  63,980 sq.ft.
Lot Size:  140,848 sq.ft.
Foreclosure Notice*
TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 LAw OFFICES OF KEVIN MICHAEL MADDEN, P.L.L.C. 5 Kevin Michael Madden kmm@kmaddenlaw.com ATTORNEYS & COUNSELORS Direct Line: 281.888.9742 [5 ceetin : CERTIFIED Texas Board of Legal Spectatization Board Certified in Consumer and Commercial Law Board Certified in Commercial Real Estate Law Board Certified in Residential Real Estate Law Board Certified in Civil Trial Law March 16, 2026 Via Certified Mail Return Receipt Requested and Via US Mail Kismat Fund LP , Accession Capital, LLC 12603 Southwest Freeway, Suite 190 ? Stafford, Texas 77477 Via Certified Mail O N () . 1 Ss é Via Certified Mail Return Receipt Requested and Via US Mail Anosh Ahmed 5 5090 Richmond #19 Houston, Texas 77056 ‘ NOTICE OF FORECLOSURE SALE ON TUESDAY, APRIL 7, 2026 Deed of Trust and Promissory Note dated February 1, 2025 in the amount of $7,750,000.00 (the “Note”) between Summit Lending 24, LLC (“Lender”) and Kismat Fund LP (“Borrower”), and guaranteed by Malik Merchant and Anosh Ahmed (collectively “Guarantors”). ’ Date: February 1, 2025 Borrower: Kismat Fund LP Trustee: , Kevin Michael Madden Original Lender: Summit Lending 24, LLC Recorded as: File No. RP-2025-39649 in the Official Public Records of Harris County, Texas TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 Secures: Promissory Note (“Note”) in the original amount of $7,750,000.00 executed by Borrower and payable to the order of Lender, and all other obligations of Borrower to Lender. Dear Borrower: This law firm represents Summit Lending 24, LLC (the “Lender”), as holder of the Note and beneficiary under the Deed of Trust. The undersigned sent to Kismat Fund LP (“Borrower”) a letter dated September 23, notifying Borrower that (i) lender exercised its right to accelerate the maturity of the Note,(i entire principal sum of the Note became due and payable in full on October 5, 2025, in ac with its terms, (iii) demand that Borrower pay such sums plus late fees and accrued October 5, 2025, and (iv) Borrower was in default under the terms and provision: Trust. Borrower failed or otherwise refused and Borrower continues 't@, fail’an se to satisfy Borrower’s payment obligations under the Note and the Deed 9f-Trus' E PRINCIPAL 'D THEREON, ALL LATE CHARGES, AND ALL ATTORNEY’S FEES INC CONNECTION WITH THE COLLECTION THEREOF ARE DUE AN Kevin M. Madden, is appointed th tee to condtict a foreclosure sale of the property at the direction and on behalf of Lende Tuesday, April 7, 2026, as set forth below. For your. convenience, I have enclosed ac e ins t appointing him as Trustee under the Deed NOTICE TO BORROWER IN ACCORDANCE WITH THE DEED OF TRUST AND TEX. PROP. COD § 51.002 (VERNON 1983), AS HERETOFORE AMENDED, THAT THE PROPERTY WILL BE SOLD AS PROVIDED IN THE NOTICE. REBY INFORMED THAT THE PUBLIC FORECLOSURE AUCTION OF HESDAY, APRIL 7, 2026, BETWEEN THE HOURS OF 10:00 O’CLOCK AM ~ ERAL TIME, OR NOT LATER THAN THREE HOURS THEREAFTER AND WILL BE BAYOU CITY EVENT CENTER, 9401 KNIGHT ROAD., HOUSTON, TEXAS 77045, AS DESIGNATED BY THE COMMISSIONER’S COURT OF HARRIS COUNTY, TEXAS, FOR TRUST OR OTHER CONTRACT LIEN AND AS RECORDED IN THE REAL PROPERTY RECORDS OF HARRIS COUNTY, TEXAS. IN THE EVENT THE PROPERTY IS SOLD AT UNPAID PRINCIPAL BALANCE OF THE NOTE AND ALL INTEREST ACCRUED THEREON AND ALL OTHER AMOUNTS DUE ON OR PURSUANT TO THE NOTE of Trust. THE ENCLOSED NOTIGE,OF TRUSTEE’S SALE (THE “NOTICE”) CONSTITUTES BEEN POSTED FOR FORECLOSURE. BORROWER IS HEREBY BOWE PROP DESCRIBED IN THE NOTICE OF TRUSTEE’S SALE IS SCHEDULED 3 PLETED BY 4:00 O’CLOCK P.M CENTRAL TIME. THE SALE WILL BE HELD AT SALE OF REAL PROPERTY UNDER A POWER OF SALE CONFERRED BY A DEED OF FORECLOSURE SALE FOR AN AMOUNT INSUFFICIENT TO SATISFY THE ENTIRE AND/OR THE DEED OF TRUST. BORROWER AND GUARANTOR WILL BE LIABLE FOR TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 THE D TENCY TO THE EXTENT SET FORTH IN THE NOTE, THE DEED OF TRUST, R LOAN DOCUMENTS TO THE EXTENT PERMITTED BY LAW. hereof, the approximate amount of the principal obligation, including ed of Trust sought to be enforced and a description of the other expenses selling cost) that may be charged against the sale proceeds are as interest, secu’ (such as legal e follows: Accrued Interest Through Interest Per Diem After March 30, 2026 . March 30, 2026 $7,750,000.00 $ N/A $ N/A Legal and Sale Expenses: — Estimated expenses through the date of foreclosure are $3,500.00. Therefore, the total amount o (inclusive of estimated expenses abo Borrower may contact me as th complete statement of the Total hereby made that the Borrower pay t that is secured by the Deed of Tru in connection with the Note as of March 30, 2026, . is $7,750,000.00 (collectively, the “Total Amount”). telephone number set forth in this letter to obtain a arrange payment of the Total Amount. Demand is the Total Amount now owed by Borrower to Lender Borrower may prevent this foreclosure by paying to Lender before the foreclosure sale the Total Amount, which is now owed an Deed of Trust, plus interest accrued thereon as aforesaid until such date of payment. ent must be made in cash or cashier’s check received by Lender or by me before conducting th le. Partial payments will be applied to the Total Amount but will not prevent the f . If Borrower mails payment and it is by the Loan Documents and any information obtai used for that purpose. contract or applicable law, each person and entity o ry the indebtedness evidenced by the Loan Documents may be liable for attorney id expenses and other costs. and expenses incurred by Lender in connection with the enforcement of i its right and remedies under the Loan Documents and any other document or instrum connection therewith. No communication, written or oral, that Borrower a arantor has had may have with Lender concerning any modification, renewal, extension, or res the Loan Documents, including without limitation any deed-in-lieu of foreclosure, w deficiency, or agreed énpayment of the entire principal sum of the Note and interest accrued thereon or a waive er of any default, even of default or any Lender’s rights and remedies in connection lebtedness owing by Borrower and/or Guarantor to Lender under the Loan Documents, Borrower nor TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 made by or on behalf exercising any of not be effective unless codification, renewal, ith regard to the Loan Guarantor is entitled to rely upon any oral statements made or purpo: of Lender in connection with any alleged agreement by Lender its rights in connection with the Loan documents. Any such wai set forth in writing, duly executed by Lender. There are c' extension, or settlement agreements between Borrower an Documents. Thank you for your attention. Very respectfull LAW MADDEN, By: . hael Madden. KMM/pz w/enclosures BANKRUPTCY: IF ANY PARTY O RECEIVES THIS LETTER IS A DEBTOR IN A BANKRUPTCY PROCEEDING, SUBJE TO THE PROVISIONS OF THE UNITED STATES BANKRUPTCY C (TITLE II OF THE UNITED STATES CODE) (A "DEBTOR" UNDER THE "COD ‘TER IS MERELY INTENDED TO BE WRITTEN NOTICE THAT FO HAS BEEN MADE IN COMPLIANCE WITH THE LOAN DOCUMENTS PLICABLE LAW. THIS LETTER IS NOT AN ACT TO COLLECT, ASSESS OR R A CLAIM AGAINST THAT DEBTOR, NOR IS THIS LETTER INTEN. ATE ANY PROVISIONS OF THE CODE. ' THIS LETTER IS ALSO NOT TTEMPT TO OBTAIN POSSESSION OR CONTROL OVER ANY PROPERTY T D OR CLAIMED TO BE OWNED BY THAT AIMS DEBTOR. ANY AND ‘ALL T LENDER ASSERTS AGAINST THAT DEBTOR WILL BE PROPERLY ASSERTED IN COMPLIANCE WITH THE CODE IN THAT DEBTOR'S BANKRUPTCY PROCEEDING. IN ADDITION, ALL OF LENDER'S CLAIMS, DEMANDS AND ACCRUALS REGARDING THE LOAN DOCUMENTS, WHENEVER MADE, AND WHETHER FOR PRINCIPAL, INTEREST OR OTHERWISE, ARE ED TO COMPLY IN ALL RESPECTS, BOTH INDEPENDENTLY AND, CO. CTIVELY, WITH ALL APPLICABLE USURY LAWS, AND ARE ACCORDI LY LIMITED SO THAT ALL APPLICABLE USURY LAWS TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 COMPONENT OF THE ARMED FORCES OF THE UNITED WRITTEN NOTICE OF THE ACTIVE-DUTY MILITARY SE: OF THIS NOTICE IMMEDIATELY. : TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 ce: Via Certified Mail Return Receipt Requested and Via U.S. Mail Kismat Fund LP , Accession Capital, LLC 12603 Southwest Freeway, Suite 190 Stafford, Texas 77477 Via E-mail Ty Via Certified Mail : Return Receipt Requested and Via US Mail Malik Merchant . 12603 Southwest Freeway, Suite 190 Stafford, Texas 77477 Via Certified Mail : ‘ Return Receipt Requested and Via US Mail Anosh Ahmed 5090 Richmond #19 Houston, Texas 77056 ey re cS > NN TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 THE STATE OF TEXAS § § COUNTY OF HARRIS § APPOINTMENT OF TRUSTEE . \ March 10, 2025 February 1, 2025 Kismat Fund, LP Kevin M. Madden Summit Lending 24, LLC File No. RP-2025-39649 in the Official Public Records of Harris County, Texas missory Note (“Note”) in the original amount of 50,000.00 executed by Borrower and payable to the order r, and all other obligations of Borrower to Lender. Property: 7979 Fannin St. All of Homestead according to the map or Records of Harris County, e an addition in Harris County, Texas reof recorded in Volume 362 Page 83 of the Map as. : . ~ Trustee: Name: Kevin M. Madden Mailing Address The Law Offices of Kevin Michael Madden 16310 State Highway 249, Unit 1304 Houston, Texas 77064 Harris County, Texas “The Deed of Trust provides that "Lender or Lender's mortga; writing one or more substitute trustees, succeeding to all rights and respo: Summit Lending 24, LLC hereby designates and appoints Kevin M. under the Deed of Trust to act under and by virtue of the Deed of Trust in the place. Summit Lending 24, LLC hereby requests and directs the Trustee to exercise all of th rights and powers under the Deed of Trust and to foreclose the lien of the Deed of Trust agai: the Property in accordance with its terms and the laws of the State of Texas. TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 EXECUTED effective as of the date set forth hereinabove. SUMMIT LENDING, 4 EEC THE STATE OF TEXAS § 7 § COUNTY OF HARRIS § This instrument was acknowledged before me on this lo. day of March, 2026, by Irfan Ali, Manager of Summit Lending 24, LLC, on its behalf. ; va Notary Public in and for the State of Texas. ail Pea wor se se Upon Recording, Return To: -- ATTN: Kevin M. Madden The Law Offices of Kevin Michael Madden 16310 State Highway 249, Unit 1304 Houston, Texas 77064 TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2026-1913 FILED 3/16/2026 3:15:08 NOTICE OF TRUSTEE’S SALE suant to the authority conferred upon the undersigned trustee by that Deed of Trust (the of Trust") dated February 1, 2025, executed by KISMAT FUND, LP ("Borrower"), and [E DING 24, LLC, (“Lender”) recorded under Clerk's File No, RP-2025-39649 in the i¢ Records of Harris County, Texas, such Deed of Trust securing payment of that Sry Note (the "Note") in the original principal amount of $7,750,000.00 executed able to the order of Lender, and all other obligations of Borrower to Lender, the Deed of Trust, in order to satisfy the indebtedness secured thereby and , default having been made in the payment thereof, sell that certain tract of real prop’ rovements ("Property") located in Harris County, Texas, on Tuesday, April 7, 2026, tha ig the first Tuesday of the month, at public auction to the highest bidder for cash, subject to the right of Lender to bid credit against the debt secured by the Deed of Trust, at Bayou City Event Center, 9401 Knight Rd., Houston, Texas 77045, as designated by the Commissioners! Court of Harris County, Texas, le of real property under a power of sale conferred by a deed The conveyance of the ¢ made subject to any and all liens, restrictions, ‘covenants, conditions, encumbri ts, if any, relating to the Property, but only to of Harris County, Texas, and relate t subject to any and all unpaid ad valore: Y O %
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