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Foreclosure Notice*
Doc# 20261000371 09/11/2026 08:22 AM Page 1 of 7 Lucy Adame-Clark, Bexar County Clerk
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NOTICE OF SUBSTITUTE TRUSTEE’S SALE (LEASEHOLD ESTATE ONLY)
DEED OF TRUST: Amended and Restated Fee and Leasehold Deed of Trust and Security
Agreement (together with any and all amendments, extensions, or other modifications, the “Deed
of Trust’) described as follows:
Date:
Grantors:
May 31, 2023
LYND LIVING PARC 410 APARTMENTS LLC, a Delaware limited
liability company and TEXAS ESSENTIAL HOUSING PUBLIC
FACILITY CORPORATION, a Texas public corporation.
ie |
Original Trustee:
L
JAMES WIRZ, P.C.
1604 Crosson Drive
Carrollton, Texas 75010
Beneficiary: +
BSPRT 2021-FL7 ISSUER, LTD., an exempt company incorporated
limited liability under the laws of the Cayman Islands.
with
Recorded:
Document No. 20230100953 in the real property records of Bexar County,
Texas.
Leasehold
Estate:
L
——
The leasehold estate in real property located in Bexar County, Texas, more
particularly described in Exhibit A attached hereto and incorporated herein
by reference (the “Leasehold Estate”), commonly known as 5827
Northwest Loop 410, San Antonio, Texas 78238. The street address is
provided solely for reference purposes only, and in the event of any
discrepancy between such address and the legal description set forth in
Exhibit A, the legal description shall control.
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NOTE: Promissory Note (together with any and all amendments, renewals, modifications,
restatements, and/or replacements thereof, the “Note”) described as follows:
Date:
October 21, 2022
Maker:
LYND LIVING PARC 410 APARTMENTS LLC, a Delaware limited
| liability company.
Original
Payee:
BSPRT CRE FINANCE, LLC, a Delaware limited liability company.
Original
Principal
Amount:
THIRTY-FOUR MILLION TWO HUNDRED FIFTY-FIVE THOUSAND
AND NO/100 DOLLARS ($34,255,000.00).
Doc# 20261000371 09/11/2026 08:22 AM Page 2 of 7 Lucy Adame-Clark, Bexar County Clerk
BSPRT JPM LOAN, LLC, a Delaware limited liability company, is the current holder of the Note,
Deed of Trust, and other Loan Documents (as defined in the Loan Agreement).
Default has occurred in the payment of the Note and in the performance of the obligations under
the Deed of Trust. Because of that default, BSPRT JPM LOAN, LLC, has requested Substitute
Trustee to sell the Leasehold Estate.
TRUSTEE’S SALE OF LEASEHOLD ESTATE:
BSPRT JPM LOAN, LLC, a Delaware limited liability company (as
successor-in-interest to BSPRT CRE FINANCE, LLC) (“Mortgagee’’).
LYND LIVING PARC 410 APARTMENTS LLC, a Delaware limited
liability company.
Date: OCTOBER 6, 2026, the first Tuesday of the month. |
Time: The sale of the Leasehold Estate will be held between the hours of 10:00 a.m.
and 4:00 p.m. local time; the earliest time at which the Trustee’s Sale of the
Leasehold Estate will begin is 10:15 a.m. and not later than three hours
thereafter.
Place: The area designated by the Commissioners Court of Bexar County, Texas,
pursuant to Section 51.002 of the Texas Property Code, or if no such location
is designated by the Commissioners Court, the sale will be conducted at the
place where this Notice of Substitute Trustee’s Sale has been posted.
Terms of Sale: | The Foreclosure Sale will be conducted as a public auction and the Property
and Other Collateral will be sold to the highest bidder for cash, except that
Mortgagee’s bid may be by credit against the indebtedness secured by the lien
of the Deed of Trust. The purchase price is due and payable without delay on
Substitute Trustee’s acceptance of the purchaser’s bid.
Substitute Jacob Sparks, Esq. +
Trustees: Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
Email: Jacob.Sparks@NelsonMullins.com
Brent T. Buyse, Esq.
Nelson Mullins Riley & Scarborough LLP
3333 Lee Parkway, Suite 750
Dallas, Texas 75219
Email: Brent. Buyse@NelsonMullins.com
Xenna K. Davis, Esq.
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Doc# 20261000371 09/11/2026 08:22 AM Page 3 of 7 Lucy Adame-Clark, Bexar County Clerk
Plano, Texas 75024
Email: Xenna.Davis@NelsonMullins.com
Miranda Granchi, Esq.
Nelson Mullins Riley & Scarborough LLP
1111 Bagby Street, Suite 2100
Houston, Texas 77002
Email: Miranda.Granchi@NeslonMullins.com
David Babb, Esq.
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
Email: David_Babb@NelsonMullins.com
Kyle Hansen, Esq.
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
Email: Kyle. Hansen@NelsonMullins.com
Eva Diaz, Esq.
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
The Substitute Trustees were appointed by an Appointment of Substitute
Trustee recorded as Document No. 20260177917 in the real property records
of Bexar County, Texas.
The Deed of Trust encumbers, inter alia, both the fee interest and the leasehold interest in real
property. Formal notice is hereby given of Mortgagee’s election to proceed against and sell only
the Leasehold Estate described in the Deed of Trust in accordance with Mortgagee’s rights and
remedies under the Deed of Trust. The sale is referred to herein as the “Trustee’s Sale of the
Leasehold Estate” because Mortgagee is selling only the Leasehold Estate.
If the Trustee’s Sale of the Leasehold Estate does not result in full satisfaction of all indebtedness
now due, the lien and security interest of the Deed of Trust shall remain in full force and effect
with respect to any property interest not sold at the Trustee’s Sale of the Leasehold Estate,
including the fee interest in the real property and the personal property encumbered by the Deed
of Trust. In accordance with the Deed of Trust, Loan Agreement, and other Loan Documents,
Mortgagee’s interests in the non-foreclosed property shall remain unaffected and intact in all
respects, irrespective of the outcome of the Trustee’s Sale of the Leasehold Estate.
Notwithstanding the sale of the Leasehold Estate, Mortgagee reserves the right to, at a future time,
conduct a sale, by foreclosure, power of sale or otherwise, in one or more sales, as an entirety or
in parcels, at such time and place, upon such terms and after such notice thereof as may be required
3
Doc# 20261000371 09/11/2026 08:22 AM Page 4 of 7 Lucy Adame-Clark, Bexar County Clerk
or permitted by law, of (a) the fee interest secured by the Deed of Trust; (b) the personal property
secured by the Deed of Trust; or (c) less than the real property secured by the Deed of Trust.
Mortgagee reserves all rights under the Note, Deed of Trust, and other Loan Documents.
If Mortgagee passes the Trustee’s Sale of the Leasehold Estate, notice of the date of any
rescheduled foreclosure sale will be reposted and refiled in accordance with the posting and filing
requirements of the Deed of Trust and the Texas Property Code.
The Trustee’s Sale of the Leasehold Estate 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 Trustee’s Sale of
the Leasehold Estate will necessarily be made subject to all prior matters of record affecting the
Leasehold Estate, if any, to the extent that they remain in force and effect and have not been
subordinated to the Deed of Trust. Prospective bidders are strongly urged to examine the applicable
property records to determine the nature and extent of such matters, if any.
Pursuant to Section 51.009 of the Texas Property Code, THE LEASEHOLD ESTATE WILL
BE SOLD “AS IS,” WITHOUT ANY EXPRESSED OR IMPLIED WARRANTIES, except
as to the warranties (if any) provided for under the Deed of Trust. Prospective bidders are advised
to conduct an independent investigation of the nature and physical condition of the Property.
Pursuant to Section 51 .0075(a) of the Texas Property Code, Substitute Trustee reserves the right
to set further reasonable conditions for conducting the Trustee’s Sale of the Leasehold Estate. Any
such further conditions shall be announced before bidding is opened for the first sale of the day
held by Substitute Trustee.
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.
[The remainder of this page is intentionally left blank.]
Doc# 20261000371 09/11/2026 08:22 AM Page 5 of 7 Lucy Adame-Clark, Bexar County Clerk
IN WITNESS WHEREOF, the Substitute Trustee has signed this Notice of Substitute
Trustee’s Sale (Leasehold Estate Only) as of September 11, 2026.
Seal
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
Tel: (469) 484-4758
Email: Jacob.Sparks@NelsonMullins.com
Brent T. Buyse, Esq.
Nelson Mullins Riley & Scarborough LLP
3333 Lee Parkway, Suite 750
Dallas, Texas 75219
Tel: (469) 484-4962
Email: Brent. Buyse@NelsonMullins.com
Xenna K. Davis, Esq.
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
Tel: (469) 484-4841
Email: Xenna.Davis@NelsonMullins.com
Miranda Granchi, Esq.
Nelson Mullins Riley & Scarborough LLP
1111 Bagby Street, Suite 2100
Houston, Texas 77002
Tel: (346) 646-5803
Email: Miranda.Granchi@NelsonMullins.com
David Babb, Esq.
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
Email: David.Babb@NelsonMullins.com
Kyle Hansen, Esq.
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
Email: Kyle. Hansen@NelsonMullins.com
Doc# 20261000371 09/1 1/2026 08:22 AM Page 6 of 7 Lucy Adame-Clark, Bexar County Clerk
STATE OF TEXAS §
§
COUNTY OF COLLIN §
RS)
Day ez, JENNIFER SAMPLEY
a Ba Notary Public, State of Texas
Paths Comm. Expires 10-27-2027
[SE A]LPEESS Notary 1D 126096062
My Commission Expires:
10-27:-WH1
Davis, known to me to be the person whose pai
Eva Diaz, Esq.
Nelson Mullins Riley & Scarborough LLP
5830 Granite Parkway, Suite 1000
Plano, Texas 75024
This instrument was ACKNOWLEDGED before me on September 1 1, 2026, by Xenna K.
Doc# 20261000371 09/11/2026 08:22 AM Page 7 of 7 Lucy Adame-Clark, Bexar County Clerk
EXHIBIT A
LEGAL DESCRIPTION
Lot 1, Block 1, New City Block 16474, Leon Ridge Subdivision, in the City of San Antonio, Bexar
County, Texas, according to the map or plat thereof recorded in Volume 8700, Page 176, Deed
and Plat Records, Bexar County, Texas.
For Information Only: Premises address reference: 5827 NW Loop 410, San Antonio, Texas 78238
Tax Account No.: 617253
LEASEHOLD ESTATE
1. That certain Lease Agreement, dated as of May 31, 2023, between Texas Essential
Housing Public Facility Corporation, a Texas public corporation (as lessor), and Lynd Living Parc
410 Apartments LLC, a Delaware limited liability company (as lessee) in connection with the real
property described above.
2. That certain Regulatory Agreement and Declaration of Restrictive Covenants, dated as of
June 1, 2023, between Texas Essential Housing Public F acility Corporation, a Texas public
corporation, and Lynd Living Pare 410 Apartments LLC, a Delaware limited liability company,
recorded as Document No. 20230100952 in the real property records of Bexar County, Texas, in
connection with the real property described above.
FILE INFORMATION
Document Number: 20261000371
Date/Time: 9/11/2026 8:22:12 AM
FILED ee
FFICIAL P
RECORDS oF BEXAR COUNTY
LUCY ADAME — CLARK
BEXAR COUNTY CLERK
Total Fees: $2.00