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501 GREEN OAKS CT

Arlington, TX
active
ID: 05927374
No image available
active
Legal Description

PARKWAY NORTH Block 16 Lot A

;
Property Overview

Bedrooms

Bathrooms

171,418

Sq Ft

1980

Year Built

Foreclosure Description

‘ NOTICE OF SUBS E THIS INSTRUMENT APPOINTS THE SUBSTITUTE TRUSTEE(S) IDENTIFIED TO SELL THE PROPERTY DESCRIBED IN THE SECURITY INSTRUMENT IDENTIFIED IN THIS NOTICE OF SALE. THE PERSON SIGNING THIS NOTICE IS THE ATTORNEY OR AUTHORIZED AGENT OF THE MORTGAGEE OR MORTGAGE SERVICER. Assert and protect your rights as a member of the armed forces of the United States. If you or your spouse is servin. 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 immediatel le







DEED OF TRUST INFORMATION:




DEED OF TRUST DATE ORIGINAL PRINCIPAL AMOUNT GRANTOR(S) September 30, 2021 $28,354,000 MP THE OAKLEY, LLC, a Delaware limited liability company














ORIGINAL TRUSTEE ORIGINAL MORTGAGEE





BDS IV Mortgage Capital J LLC, a Delaware limited liability company, Instrument No. D221286463 Tarrant County See Exhibit A






RECORDING INFORMATION PROPERTY COUNTY PROPERTY INFORMATION











MORTGAGE SERVICER INFORMATION: CURRENT MORTGAGEE AND BENEFICIARY MORTGAGE SERVICER MORTGAGE SERVICER ADDRESS













SALE INFORMATION: DATE OF SALE TIME OF SALE PLACE OF SALE







A COUNTY COURTHOUSE LOCATED AT 100 W. EATHERFORD STREET, FORT WORTH, TEXAS ON THE WEST STEPS, or, if the preceding area is no longer the designated area, at the area most recently designated by the Commissioner’s Court of Tarrant County, pursuant to Section 51.002 of the Texas Property Code. Jared Slade, Nikki Fanous, Gillad Matiteyahu, Emily Fitzgerald, Mia Falzarano and/or Stephan Harris, any to act




Default has occurred under that certain Deed of Trust, Assignment of Rents and Security Agreement, made by MP THE OAKLEY, LLC, a Delaware limited liability company, as trustor (“Borrower”), to WILLIAM Z. FAIRBANKS, as trustee, for the benefit of BDS [V MORTGAGE CAPITAL J LLC, a Delaware limited liability company, as beneficiary (“Original Lender”), made effective as of September 30, 2021 and recorded in the Official Public Records of Tarrant County, Texas on September 30, 2021 as Instrument No. D221286463, as assigned by that certain Assignment of Deed of Trust, Assignment of Leases and Rents and Security Agreement, made by Original Lender to the BDS IV LOAN SELLER LLC, a Delaware limited liability company (“Loan Seller”), made effective as of December 2, 2021, and recorded in the Official Public Records of Tarrant County, Texas on August 10, 2022 as Instrument No. D222200371, as further assigned by that certain Assignment of Deed of Trust, Assignment of Leases and Rents and Security Agreement, made by Loan Seller to BDS 2021-FL10 LTD., an LEGAL02/46946666v3 P225011474 Page 2 of 3 exempted company incorporated with limited liability under the laws of the Cayman Islands (“FL10”), made effective as of December 2, 2021, and recorded in the Official Public Records of Tarrant County, Texas on August 10, 2022 as Instrument No. D222200373, as further assigned by that certain Assignment of Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, made by FL10 to BDS 2021-FL10 RETENTION HOLDER LLC, a Delaware limited liability company (“Retention Holder”), made effective as of April 24, 2025, and recorded in the Official Public Records of Tarrant County, Texas on April 24, 2025 as Instrument No. D225072041, as further assigned by that certain Assignment of Deed of Trust, Assignment of Leases and Rents and Security Agreement, made by Retention Holder to BDS IV MORTGAGE CAPITAL LLC, a Delaware limited liability company (“Current Mortgagee”), made effective as of October 1, 2025, and recorded in the Official Public Records of Tarrant County, Texas on October 3, 2025 as Instrument No. D225186047 (collectively, the “Deed of Trust”). The Deed of Trust secures the payment of that certain Promissory Note, dated as of September 30, 2021, made by Borrower to the order of Original Lender (as assigned, the “Note”), therein deggribed in the
























principal amount of TWENTY-EIGHT MILLION THREE HUNDRED FIFTY-FOUR THO! AND NO/DOLLARS ($28,354,000.00). The debt has been accelerated, and the same is now wholly due and p e Current ibed on Mortgagee has requested to sell all secured property identified by the Deed of Trust, including the real p permitting the Current Mortgagee thereunder to have its bid credited to the Note up to the amount of the-efipdid debt secured by the Deed of Trust at the time of sale. The sale will be made expressly subject to any title matters set forth in the Deed 9f4 bat that by law the sale will necessarily be made subject to all other matters of regord-afféctingMthe property, if any, to the extent that they remain in force and effect and have not been subordinated to the Def the property that has been released from the lien of the Deed of Trust. Prospé applicable property records to determine the nature and extent of such matters, made concerning the quality of title to be acquired. assigns have in the property. If the sale is set aside for any reason, the Purchaser at thes shall have no further recourse against the Grantor, Pursuant to the Deed of Trust, the Curren Pursuant to the Texas Property Cod Any such further conditions shall be‘gnnagin Substitute Trustee. The Deed of Trust permits the gdgee to postpone, withdraw or reschedule the sale. In that case, the Trustee, or any subsequently appointed ged not appear at the date, time and place of a scheduled sale to announce the postponement, withdra aber re i yeelhas removed, or caused another to remove, the original trustee and appointed certain substitute trustees. gen appointed as Substitute Trustee, upon contingency and in the manner authorized by said Deed of Trust. Dated: October 9, 2025.
\ } Substitute Trustee Gillad Matiteyahu Alston & Bird LLP 2200 Ross Avenue, Suite 2300 FILED Dallas, Texas 75201 Phone: (214) 922-3424 OCT 1 9 2025 LEGAL02/46946666v3 COUNTY CLERK, TARRANT CO,, TEXAS BY DEPUTY P225011474 Page 3 of 3 EXHIBIT A DESCRIPTION OF THE LAND BEING a tract of land out of the D-D. Edgar Survey, Abstract No. 465 in the City of Arlington, Tarrant County, Texas and heing all of Block 16 of THE THIRD INSEFALLMENT OF PARKWAY NORTH, and addition to the City of Arlington, Texas as recorded in Volume 388-119, Page Li of the Plat Records of Tarrant County, Texas and as corrected by instrument recorded in Volume 388-129, Page 33 of the Plat Records of Tarrant County, Texas, and being more particularly described as follows: BEGENNENG at a 3/8" iron rod found for the intersection of the north right-of-way line of Green Oaks Boulevard (120° ROW) with the west right-of way line of Whistler Drive (50' ROW);







THENCE with the north right-of-way line of said Green Oaks Boulevard, South 58°00'00"' Wesé, a distance atJ 5/8" iron rod found with 2 cap for corner; THENCE North 00°20°29" West, a distance of 700 feet to a 1/2" iron rod found for corner; chord bearing and distance of South 19°30'36" East, 159.96 feet; THENCE southeasterly with said curve. an arc distance of 161.23 feet to a 3/8" jf THENCE continuing with the west right-of-way line of said Whistler Drive, So: the POINT OF BEGINNING and containing $.9476 acres of land. FILED OCT 1 2025 COUNTY LEK TRATES PET LEGAL02/46946666v3

Property Details
Property ID:05927374
Owner Name:MP THE OAKLEY LLC
County:Tarrant County
Year Built:1980
Living Area:171,418 sq ft
Bedrooms:
Status:
active
Images Available:No
Coordinates:32.78431226505991,-97.11307384904389
Pricing Information

Appraised Value

$27,991,127

Default Amount

$28,354,000

Potential Savings: -$362,873

Auction Information

Auction Date

November 4, 2025

Foreclosure Type

mortgage

Owner Information

Current Owner

MP THE OAKLEY LLC

Location & County Info

Coordinates

32.78431226505991,-97.11307384904389

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