ALBORADA Block A Lot 1
Bedrooms
Bathrooms
Sq Ft
Year Built
FILED NOTICE OF SUBSTITUTE TRUSTEE’S SALE (Rialto / Arioso Apartments) SEP 12 2025 . COUNTY CLERK, TARRANT TEXAS September 8, 2025 (the “Effective Date”) By NTO, TES Notice is hereby given that a Foreclosure! of the Property (defined below) will be held at the date, time and place specified in this notice. DATE OF SALE: Tuesday, October 7, 2025 (the first [1] Tuesday of that month).
TIME OF SALE: The earliest time at which the Foreclosure will occur is 1:00 PM (Tax Texas time). The Foreclosure shall begin at that time or not later than three (3) hours ther€afte PLACE OF SALE: The Foreclosure will take place at the location designated b Court of Tarrant County, Texas as the location where nonjudicial foreclosure sale such location has been designated, the Foreclosure will take place at the foreclosure sales in Tarrant County, Texas are typically conducted. INDEBTEDNESS PROMPTING SALE: The Loan.”
below). ated February 10, 2022, executed by Borrower (defined below), payable to the dyee, in the original principal amount of $56,000,000.00. , a Delaware limited liability company. IV — D DIRECT LENDING INVESTMENTS, LLC, a Delaware limited liability 022, executed and delivered by Borrower, as grantor, to Gavriel Toso, as trustee for the benefit of sneficiary, recorded as Instrument No. D222047283 in the Real Property Records in Tarrant County, b1s located at the street address 3030 Claremont Drive, Grand Prairie, Texas 75052, in Tarrant County, Texas, articularly described on Exhibit “A”, attached hereto and incorporated herein by reference.
5 “Loan Documents” means, collectively, the Loan Agreement (defined below), the Note, the Deed of Trust, and any and all other documents executed in connection therewith and/or relating in any way thereto. “Loan Agreement” means that certain Loan Agreement, dated February 10, 2022, entered into by and between Borrower and Original Noteholder. & “Noteholder” means RREF IV-D CLAREMONT DRIVE, LLC, a Texas limited liability company. 1 Rialto Loan No.: 300572340 Borrower: IMH Dallas Arioso, LLC Property: 3030 Claremont Drive, Grand Prairie, Texas 75052 (Arioso Apartments) #526311577_v1 528516.00034 NOTICE OF SUBSTITUTE TRUSTEE’S SALE P225011188 Page 2 of 5 FILED SEP 42 2025 cy Loan Documents, Noteholder reserves the right to endorse, assign and/or transfer the foun Bee a mis a third-party at any time after this Notice of Substitute Trustee’s Sale has been posted in Tarrant County, Texas (including just prior to the nonjudicial foreclosure sale). You may contact Nicholas Powell on behalf of Noteholder (at the telephone number provided below) to determine whether Noteholder has endorsed, assigned and/or transferred the Loan Documents to a third-party and, if they have, to obtain the name, address, and other contact information of the successor noteholder. TEXAS PROPERTY CODE § 51.0025 NOTICE: Noteholder may be contacted at c/o Rialto Capital Advisors, LLC, 200 S Biscayne Blvd. Suite 3550, Miami, Florida 33131, Attention: Nicholas Powé 485-2539 (telephone).
member of a reserve component of the armed forces of the United States. active duty military service to the sender of this notice immediately. SUBSTITUTE TRUSTEES: Pursuant to the Appointment,’ the Sdbs a substitute trustee under the Deed of Trust. Any one (1) of the Subgtit The Loan is in default. As required by the terms Loan Documents, all required notices have been provided applicable cure periods have expired. élerg erefore, all of the (i) unpaid principal due under the Note, (ii) accrued interest due atyd (iii) other amounts provided for in the Loan Documents are now due and payable in @ Substitute Trustees, each of whom is a substit der the Deed of Trust, sell the Property for cash, lied in accordance with the terms and provisions
at-any one{1) of the Substitute Trustees sell all of the ‘operty (including general intangibles) and/or fixtures at the as Business and Commerce Code, the Foreclosure of the personal es will be held at the same time and place as the Foreclosure of the ate,time, and place set forth above, one (1) of the Substitute Trustees will sell Npidder for cash pursuant to the terms of the Loan Documents and applicable law. eat that certain Appointment of Substitute Trustees and Request to Act, dated August 21, 2025, recorded as 55332 in the Real Property Records in Tarrant County, Texas. vestees” means each of the following: Chris Hamilton of Dallas County, Texas, Holland & Knight LLP, 1722 Routh Street, Suite 1500, Dallas, Texas 75201, (214) 969- 1343 (telephone), Christopher. [email protected] (email). Katrisha Harris of Dallas County, Texas, Holland & Knight LLP, 1722 Routh Street, Suite 1500, Dallas, Texas 75201, (214) 969- 1518 (telephone), Katrisha,[email protected] (email). Brandon King of Travis County, Texas, Holland & Knight LLP, 98 San Jacinto Blvd, Suite 1900, Austin, Texas 78701, (512) 469- 6126 (telephone), [email protected] (email). 2 Rialto Loan No.: 300572340 Borrower: IMH Dallas Arioso, LLC Property: 3030 Claremont Drive, Grand Prairie, Texas 75052 (Arioso Apartments) #526311577_v1 528516.00034 NOTICE OF SUBSTITUTE TRUSTEE’S SALE P225011188 Page 3 of 5 [signature page follows] & \S SS FILED SEP 12 202 a© gi Rialto Loan No.: 300572340 , Borrower: IMH Dallas Arioso, LLC Property: 3030 Claremont Drive, Grand Prairie, Texas 75052 (Arioso Apartments) #526311577_v1 528516.00034 NOTICE OF SUBSTITUTE TRUSTEE’S SALE P225011188 Page 4 of 5 IN WITNESS WHEREOF, this Notice of Substitute Trustee’s Sale has been executed to be enforceable on the Effective Date. By: oA Koa Name: Katrisha Harris Title: Substitute Trustee STATE OF TEXAS § 8 COUNTY OF DALLAS §
This instrument was acknowledged before me on Septei 5, by Katrisha Harris, as substitute trustee, in the capacity herein stated. [SEAL] KIMBERLEY ANN VEGA My Notary ID # 132956899 Expires March 5, 2029
FILED SEP {2 2025 COUNTY GER, TARRANT CO, TAS __DEAUTY Rialto Loan No.: 300572340 Borrower: IMH Dallas Arioso, LLC Property: 3030 Claremont Drive, Grand Prairie, Texas 75052 (Arioso Apartments) NOTICE OF SUBSTITUTE TRUSTEE’S SALE P225011188 Page 5 of 5 EXHIBIT “A” to Notice of Substitute Trustee’s Sale
Real Property BEING all of Lots 1 and 2, Block A of Alborada, an addition to the City of Grand Prairie, Texg ding to the map or plat thereof recorded in/under Cabinet A, Page 11182, Instrument No. D206#Q3T4\of\the Plat Records of Tarrant County, Texas. O FILED SEP 12 2025 CTY CLERK THT CO, TS DEPUTY EXHIBIT “A” Rialto Loan No.: 300572340 Borrower: IMH Dallas Arioso, LLC Property: 3030 Claremont Drive Grand Prairie, Texas 75052 (Arioso Apartments) #526311577_v1 528516.00034 NOTICE OF SUBSTITUTE TRUSTEE’S SALE
Appraised Value
$44,382,241
Default Amount
$56,000,000
Potential Savings: -$11,617,759
Auction Date
October 7, 2025
Foreclosure Type
mortgage
Current Owner
IMH DALLAS ARIOSO LLC
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