GATEWAY CENTRE BLK E/7756 LOT 9B ACS 4.138
Bedrooms
Bathrooms
Sq Ft
Year Built
THESTATEOFTEXAS )
)
COUNTYOFDALLAS .)
WHEREAS, NIW PRADA, LLC, a Delaware limited liability company (individually or
collectively, as the context may require, the "Borrower") executed and delivered a certain Deed
of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (the "Deed of
Trust") dated as of April 14, 2022, conveying to George D. Barnett, Esq~, as Trustee, the real
and personal property described in that Deed of Trust, which is recorded in the Official Public
Records of Dallas County, Texas, as follows:
DATE RECORDED DOCUMENT NO.
04/19/2022 202200109407
WHEREAS, the indebtedness secured by this Deed of Trust has matured (by acceleration or
otherwise) and remains outstanding and delinquent ( after demand for payment in full therefore having
-been made and unperformed), and Ready Capital Mortgage Financing 2022-FLS, LLC, the owner
and holder of the indebtedness secured by this Deed of Trust and the due and lawful Beneficiary
thereunder (by assignment and as successor in interest thereto), has requested the Substitute Trustees
exercise the power to sell this Property (as defined below).
NOW, THEREFORE, notice is hereby given that at 11:00 a.m. (or within three hours
thereafter) on Tuesday, September 2, 2025, I will sell:
• The real property described on the attached Exhibit "A" (the "Real Property"),
and
• The other property (whether real property, personal property, fixtures or otherwise)
which is (i) described in the Deed of Trust and (ii) located on, affixed to or
otherwise appurtenant to that Real _Property (collectively, the "Property")
NOTICE OF SUBSTITUTE TRUSTEE'S SALE PAGE 1
US _ACTIVE\ 130976324 The Property described above shall be sold to the highest bidder. The sale shall be
conducted in accordance with the Deed of Trust and the Texas Property Code in the area designated
by the Commissioners Court of Dallas County, pursuant to§ 51.002 of the Texas Property Code
as the place where foreclosure sales are to take place (if no such place is so designated, the sale
will take place in the area where this Notice of Substitute Trustee's Sale is posted) at the date and
time of the sale indicated herein above.
Ready Capital Mortgage Financing 2022-FLS, LLC, the owner and holder of the
indebtedness secured by the Deed of Trust, reserves the right to credit-bid at this sale. Except for
. any such credit-bid,the purchase price set forth in the final bid accepted by the Substitute Trustee
is due and payable in cash (or cashier's checks) without delay upon acceptance of the bid.
In accordance with TEX. BUS. & COMM. CODE §22.004, the winning bidder at the
foreclosure sale, other than the owner and holder of the indebtedness, shall provide the following
information to the Substitute Trustee at the time the Substitute Trustee completes the sale:
I. the name, address, telephone number, and e-mail address of the bidder and of
.each individual tendering or who will tender the sale price for the winning bid;
2. if the bidder is acting on behalf of another individual or organization, the name,
address,.telephone number, and e-mail address of the individual or organization
and the name of a contact person for the organization;
3: the name and address of any person to be identified as the grantee in the
Trustee's Deed;
4. the purchaser's tax identification number;
5. a government-issued photo identification to confirm the identity of each
individual tendering funds for the winning bid; and
6. any other information reasonably needed to complete the Substitute Trustee's
duties and functions concerning the sale.
NOTICE OF SUBSTITUTE TRUSTEE'S SALE
US_ACTIVE\ 130976324 PAGE2 ..,
Notice. 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 ofthe armed forces of the United States, please send written
notice of the active-duty military_ service to the sender of this notice immediately.
Executed this 12 th day of August_, 2025.
NOTICE OF SUBSTITUTE TRUSTEE'S SALE
US_ACTIVE\130976324 4-.,~ ~ ~- By: ___ "'f/_~ ___ Z1/ __ ~ ____ _
. Substitute Trustee
David Garvin, Jeff Benton, Brandy Bacon, Michelle
Schwartz, Guy Wiggs, David Stockman, Donna
Stockman, Janet Pinder, Jamie Dworsky, Angela
Cooper, and-Kelly Goddard
Attn; Clay M. Taylor
Dentons, US LLP
100 Crescent Court, Suite 900
Dallas, Texas 75201-2347
214 647-2496
[email protected] •
PAGE3 Exhibit A
DESCRIPTION OF PROPERTY
BEING a tract of land out of the J. W. Hallford Survey, Abstract No. 600, Dallas County, Texas,
and being all of Eastfield Village, an Addition to the City of Dallas, in City .Block No. 73 58,
according to the plat thereof recorded in Volume 68140, Page 1711, Map Records, Dallas
County, Texas,:and being the same tract of land conveyed to Amerisouth IX, Ltd., by Deed
recorded in Volume 2000212, Page 2984, Deed Records, Dallas County, Texas,,and being more
particularly described by metes and bounds as follows:
BEGINNING at a PK 11ail set for corner at the intersection of the North right~of-way line of John
West Road (40 foot right-of-way) and the West right-of-way line of La Prada East Drive
(variable width right-of-way), said corner also being the Southeast comer cifsaid Eastfield
Village, from which a 5/8 inch iron rod found for witness bears South 82 degrees 22 minutes 44
seconds East, a distance of 1.31 feet;
THENCE South 89 degrees 36 minutes 00 seconds West, along said North Right-of-Way line of
John West Road, a distance of 578. 77 feet to a 1/2 inch iron rod set for corner with yellow plastic
cap,stnmpcd "DCA INC.";
THENCE North 00 degrees 26 minutes 00 seconds West, along the West line of said Eastfield
Village, passing at a distanc;e of 7 .8 feet the Southeast comer of a tract of land conveyed to
Prudent Texas Inv., Inc., by Deed recorded in,Volume 90107, Page 2088, Deed Records, Dallas
County, Texas, and continuing a total distance of 1278.00 feet to a 5/8 inch iron rod found for
corner, said comer being the Northeast comer of a tract of land conveyed to Yvonne G. King·
Trust, by Deed recorded in Volume 95122, Page 627, Deed Records, Dallas County, Texas and
lying in the South line of a.'tract ofland conv~yed to The Central American Mission, by'Deed
recorded in Volume 793, Page 2175, Deed Records, Dallas County, Texas;
THENCE North 89 degrees 42 minutes 00 seconds East, a distance of 578. 77 feet to a 1/2 inch
iron rod set for comer with yellow plastic cap stamped "DCA INC.", said corner being the
Southeast comer of a tract of land conveyed to The Central American Mission,,by Deed recorded
in Volume 477, Page 836, Deed Records, Dallas County, Texas, and lying in said Westright-of way line of La Prada East Drive;
THENCE South 00 degrees 26 minutes 00 seconds East, along said West right-of-way line of La
Prada East Drive, a distance of 1276.99 feet to the POINT OF BEGINNING and containing
739,373.74 square feet or~ 16.9737 acres of land.
SAVE AND EXCEPT 4.0684 acres of land.
NOTICE OF SUBSTITUTE TRUSTEE'S SALE
US _ACTIVE\ 130976324 PAGE4
Appraised Value
$20,168,230
Default Amount
$739,374
Potential Savings: $19,428,856
Auction Date
September 2, 2025 11:00 A.M
Foreclosure Type
mortgage
Current Owner
GATEWAY TOWER I
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