Foreclosure Notice - LOUISIANA , MCKINNEY, 75069 - 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
LOUISIANA
06/02/2026
mortgage
$66,210
0
$3,866,600
0
Residential R (C3)
LOUISIANA
mortgage
0
Residential R (C3)
For a full list of foreclosure notices please visit the foreclosure listing page
Details
Status:  UNKNOWN
Mortgage Foreclosure
Legal Description
OLD SETTLERS ADDITION (CMC), LOT R001, ACRES 2.2070; (ROW)
Links
Additional info
Appraised Value:  $66,210
Year Built:  0
Lien Amount:   $3,866,600
Improvement Area:  0 sq.ft.
Lot Size:  96,136.92 sq.ft.
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Foreclosure Notice*
NOTICE OF TRUSTEE' S SALE Assert and protect your rights as a member of the armed forces ofthe 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. Notice is hereby given of apublic nonjudicial foreclosure sale. 1. Property To Be Sold. The real property to be sold, along with all improvements and personal property thereon and rights appurtenant thereto as described in the Deed of Trust defined below), is more particularly described on Exhibit A attached hereto and incorporated herein ( the" Property"). 2. Date, Time, and Place of Sale. The sale is scheduled to be held at the following date, time, and place: Date": June 2, 2026 Time": The sale shall begin no earlier than 10:00 A.M. Central Standard Time and no later than three hours thereafter. The sale shall be completed by no later than 4:00 P.M. Place": THE FRONT STEPS OF THE COLLIN COUNTY COURTHOUSE, 2100 BLOOMDALE RD., MCKINNEY, COLLIN COUNTY, STATE OF TEXAS, OR AS DESIGNATED BY THE COUNTY COMMISSIONER' S COURT PURSUANT TO SECTION 51.002 OF THE TEXAS PROPERTY CODE AS THE PLACE WHERE NON- JUDICIAL FORECLOSURE SALES ARE TO TAKE PLACE OR AS DESIGNATED BY THE COUNTY COMMISSIONERS' COURT. Notice is given that on and at the Date, Time, and Place for the Foreclosure Sale defined below), Substitute Trustee ( defined below) will sell the Property in accordance with the Terms ofSale( defined below), the Deed ofTrust, and applicable Texas law. The Deed of Trust permits the Lender ( defined below) to postpone, withdraw, or reschedule the Foreclosure Sale for another day. In that case, the trustee or substitute trustee under the Deed of Trust need not appear at the Date, Time, and Place of a scheduled sale to announce the postponement, withdrawal, or rescheduling. Notice of the date of any rescheduled foreclosure sale will be reposted and re-filed in accordance with the posting and filing requirements of the Texas Property Code. Such reposting or re-filing may be after the date originally scheduled for this Foreclosure Sale.3. Terms of Sale. The Foreclosure Sale will be conducted pursuant to the following" Terms of Sale": as a public auction to the highest bidder for cash, subject to the provisions of the Deed of Trust permitting the Lender to have the bid credited to the Note ( as defined below) up to the amount ofthe unpaid debt secured by the Deed ofTrust at the time ofthe Foreclosure Sale, and those desiring to purchase the Property will need to demonstrate their ability to pay cash on the day the Property is sold. The Deed of Trust may encumber both real and personal property. Formal notice is given of Lender' s election to proceed against and sell both the real property and any personal property described in the Deed of Trust in accordance with Lender' s rights and remedies under the Deed ofTrust and Section 9.604( a) ofthe Texas Business and Commerce Code. The Foreclosure Sale will be made expressly subject to any title matters set forth in the Deed of Trust, but prospective bidders are reminded that by law the Foreclosure Sale will necessarily be made subject to all prior matters of record affecting the Property, if any, to the extent that they remain in force and effect and have not been subordinated to the Deed ofTrust. Prospective bidders are strongly urged to examine the applicable property records to determine the nature and extent ofsuch matters, ifany. Pursuant to section 51. 009 of the Texas Property Code, the Property will be sold in " as is, where is" condition, without any express or implied warranties, except as to the warranties of title( ifany) provided for under the Deed ofTrust. Prospective bidders are advised to conduct an independent investigation of the nature and physical condition of the Property. Pursuant to section 51. 0075 of the Texas Property Code, the Substitute Trustee reserves the right to set further reasonable conditions for conducting the Foreclosure Sale. Any such further conditions shall be announced before bidding is opened for the first sale ofthe day held by the Substitute Trustee. 4. Ratification of Substitute Trustee. The Deed of Trust permits Lender to appoint a Substitute Trustee under the Deed of Trust for purposes of a nonjudicial trustee' s sale. A document entitled Notice of Appointment of Substitute Trustee and Trustee's Sale, previously dated March 16, 2026 and filed of record contained the notice of the Lender's removal of the trustee named in the Deed of Trust and the appointment of the persons named below, collectively, as" Substitute Trustee", which are hereby ratified for all purposes. Substitute Trustee: R. Tucker Thomas or Nathan W. Blackburn or Robert A. Blackwell or Walter A. Herring or Lindsey Reinhardt Blackwell, Blackburn, Herring& Singer, LLP 7557 Rambler Road, Suite 1450 Dallas, Texas 75231 5. Type of Sale. The sale is a nonjudicial deed of trust lien and security interest foreclosure sale ( the " Foreclosure Sale") being conducted pursuant to the power of sale grantedby that certain that certain Deed of Trust from LOCAL YOCAL LLC, a Texas limited liability company, to David Clem, as Trustee, for the benefit of Lender dated March 4, 2022, and recorded on March 18, 2022, in the real property records ofCollin County, Texas as Instrument No. 20220324000470600 as assigned to Lender in that certain Assignment of Deed of Trust dated March 4, 2026, recorded March 11, 2026, as Instrument No. 2026000030553 ( the" Deed of Trust"). 6. Obligations Secured. The Deed of Trust secures the payment of the indebtedness and obligations therein described including but not limited to (a) Note in the initial principal amount of$3,866,600.00 made by LOCAL YOCAL LLC, a Texas limited liability company, and 350 E. LOUISIANA, LP, a Texas limited partnership ( collectively, " Borrower"), in favor of Westdale Capital Investors 3, LP (" Lender"), dated March 4, 2022 ( the " Note"); ( b) Business Loan Agreement of even date therewith between Borrower and Lender and ( c) all other documents entered into in connection with the foregoing( collectively, the" Loan Documents"). As of May 11, 2026, $ 3,937,641. 14, being principal and interest, was owed under the Note. This does not include interest accruing from and after that date or certain applications to the loan balance from that date, attorney fees or any other expenses arising from or relating to Lender' s collection of such amounts and/or exercise of its remedies. Further, the Note is secured by another Deed of Trust made by Borrower by Lender to Borrower for another property located at 350 E. Louisiana Street in McKinney, Texas. The Deed of Trust is the second lien of two liens held by Lender on this Property. The foregoing amount does not include the amount of the Lender' s first lien loan on this Property the " First Lien Loan"), and this Foreclosure Sale shall not release the First Lien Loan, which will continue to exist following the Foreclosure Sale. Such first-lien loan on this Property has an outstanding balance ofprincipal and interest in the amount of$281,371.28 as ofMay 11, 2026. As of May 11, 2026, Borrower owes Lender a grand total of approximately 4,219,012.42 under the Loan Documents and First Lien Loan, but which number does not include interest accruing from and after that date or certain applications to the loan balance from that date, legal fees or any other expenses arising from or relating to Lender's collection ofsuch amounts and/or exercise ofits remedies. Questions concerning the Foreclosure Sale may be directed to the undersigned or to Lender at: Westdale Capital Investors 3, LP 2550 Pacific Avenue, Suite 1600 Dallas, TX 75226 Attention: Justin J. Lavine Ref: Loan # 89000203187. Default and Request To Act. Default has occurred and is continuing under the Loan Documents, and the Lender has requested that Substitute Trustee conduct this Foreclosure Sale. Notice is given that before the Foreclosure Sale Lender may appoint another person substitute trustee to conduct the Foreclosure Sale. Remainder of Page Intentionally Left Blank ]DATED: May 11, 2026 SUBSTITUTE TRUSTEE: R. Tucker Thomas, Substitute Trustee Blackwell, Blackburn, Herring& Singer, LLP 7557 Rambler Road, Suite 1450 Dallas, Texas 75231 Telephone: ( 214) 442- 9612 Fax: ( 214) 442- 9621Exhibit A Property Description PARC B.: 2765261 SITUATED IN THE CITY OF MCKINNEY, COLUN COUNTY, TEXAS, 1N THE WILLIAM DAVIS SURVEY, ABSTRACT NO, 246, BEING A SURVEY OF THE LAST MENTIONED TRACT OF THE TWO EXCEPTED TRACTS DESCRIBED IN A CORRECTION DEED FROM UNION PACIFIC P.AILROADCOMPANY TODALLAS AREA RAPID TRANSIT( DART), DATED JANUARY 17, 2003, RECORDED IN VOLUME 5443, PAGE 5532 OF THE COLUN COUNTY DEED RECORDS ( HEREAFTER REFERRED TO AS TRACT 1), AND DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A in INCH IRON PIN FOUND 0.1 FOOT EAST OF A BUILDING CORNER AT THE SOUTHEAST CORNER Of A TRACT Of LAND CONVEYED TO RICHARD GENE SUTTON BY DEED RECORDED UNDER CLERK'S FILE NO. 04.0041512, COLLIN COUNTY, TEXAS, IN THE NORTH MKT-Of-WAY LINE OF LOUISLANA STREET, SAME DETI4t3 THE SOUTHWEST CORNER OF SAID TRACT 1; THENCE NORTH 00 DEGREES 53 MINUTES 44 SECONDS EAST, WITH THE WEST UNE OF SAID TRACT 1, A DISTANCE OF 201.20 FEET TO A 172 INCH IRON PIN FOUND AT A BUILDING CORNER IN THE SOUTH RIGHT-OF-WAY UNE OF VIROIINLASTREET; SAME BEING THE NORTHWESTCORNIER OF EAIIDTRACT 1; THENCE NORTH 19 DEGREES 01 MINUTE 06 SECONDS EAST, WITH THE NORTH LINE OF SAID TRACT 1 AND WITH THE SOUTH RIGHT-0f.1s'AY LINE OF SAID VIRGINIA STREET. A DISTANCE OF 109.7E FEET TO A 112 INCH IRON PIN SET AT THE NORTHEAST CORNER OF SAID TRACT 1 AND IN THE WEST RIGHT- Cif-WAY LINE OF SAID DART TRACT, SAME BEING 30 FEET WESTERLY FROM THE CENTER OF THE EXISTING RAILROAD TRACKS; THENCE SOUTH 00 DEGREES 53 MINUTES 53 SECONDS WEST. WITH THE EAST LINE OF SAID TRACT 1 AND THE WEST RIGHT-OF-WAY LIKE OF SAID DART TRACT. A DISTANCE OF 201.20 FEET TO A 1l2 INCH IRON PIN SET AT THE SOUTHEAST CORNER Of SAID TRACT 1 AND IN THE NORTH RIGHT- OF-WAY LINE OF SAID LOIABIANA STREET; THENCE SOUTH 89 DEGREES 03 MINUTES 40 SECONDS WEST, WITH THE SOUTH LINE OF SAID TRACT 1 AND THE NORTH UNE Of SAID LOUISIANA STREET, A DISTANCE OF 109.77 FEET TO THE PLACE OF BEGINNING AND CONTAINING 0.60E ACRE Of LAND, MORE OR LESS. TOGETHER MiTTH ALL. RIGHTS, TITLES, AND INTERESTS APPURTENANT THERETO INCLUDING, WITHOUT LIMITATION, GRANTOR' S INTEREST, F ANY, IN ANY AND ALL ADJACENT STREETS, ALLEYS, RIGHTS OF WAY AND ANY ADJACENT STRIPS AND GORES ( SUCH LAND AND INTERESTS ARE HEREINAFTER COLLECTIVELY REFERRED TO AS THE(` PROPERTY). SUBJECT TO ALL EASEMENTS, RESTRICTIONS, RESERVATIONS AND COVENANTS NOW Of RECORD. TOGETHER WITH THE MATTERS DESCRIBED IN DONUT PERatirrED EXCEPTIONS 1. Mate for 2022 and future years 2. SHORTAGES IN AREA.32. RIGHTS OF TENANTS, AS TENANTS ONLY, UNDER UNRECORDED LEASE AWIEEMENT3. 3. Rights of tenants, as tenants only, ender unrecorded tease agroaanenls, 4. ALL LEASES, GRANTS, EXCEPTIONS OR RESERVATIONS Of COAL, LIGNITE, OIL, GAS AND OTHER MJMERALS, TOGETHER WITH AU. RIGHTS, PRt7VIL.EGE5, AND IWINUNTTIES RELATING THERETO, APPEARING IN THE PUBUC RECORDS WHETHER LISTED IN SCHEDULE B OR NOT. THERE MAY SE LEASES, GRANTS, EXCEPTIONS OR RESERVATIONS OF MINERAL INTEREST THAT ARE NOT LISTED. 5. THE FOLLOWING, AS SHOWN ON SURVEY DATED SEPTEMBER 1S, 2014, PREPARED BY BRUCE GEER, REGISTERED PROFESSIONAL LAND SURVEYOR NO. 4117: A) AERIAL ELECTRIC LINE ACROSSSOUTHWEST LuRLROF PROPERTY. 0)AERIAL ELECTRIC LINE ACROSS PROPERTY NEAR WEST PROPERTY' UNE C) WATER' LINE, RUNNING NORTH AND SOUTH, ACROSS PROPERTY, 0) GAS LINE AND GALS PIPE RISERS ALONG WEST PROPERTY LINE. E) ENCROACHMENT Of METAL RAMP AND OTHER APPURTENANCES FROM ADJACENT BULDMO OVER WEST PROPERTY LINE. AND F) PROTRUSION OF ROCK PARKING LOT ACROSS EAST PROPERTY LINE. Tho RaP Prapwty or itsaddress N cornmonty known as 3.01 East Laui iansa SLEW, MoKinowy, TX 75059.
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