Return to Lender: Week of Nov. 21, 2024

Hillendale Country Club is headed to foreclosure auction just a few months after closing its doors, the Baltimore Business Journal reported. The 100-year-old institution known to its members as “the old club” will be sold on the steps of the Circuit Court for Baltimore County on Dec. 11 at 1 p.m. The auction includes the club’s 147 acres, clubhouse, 18-hole golf course, swimming pools and tennis courts. Alex Cooper Auctioneers is handling the sale.

New York Life Insurance Co. has filed to foreclose against $107.4 million of financing backed by a 263,393-square-foot office property at 1111 19th St. NW in downtown Washington, DC. Citing the Washington Business Journal, Trepp reported that a foreclosure auction, handled by Harvey West Auctioneers, is scheduled for Dec. 17. The property is owned by Unizo Holdings Co., which acquired it in 2017 for $203 million.

A foreclosure notice has been filed for the 10-story, 565,000-square-foot office at 1800 M St. NW, reported the Washington Business Journal. The building, owned by a joint venture of New York’s Columbia Property Trust and Allianz Real Estate of America, is scheduled to be sold at a Dec. 20 foreclosure auction at Alex Cooper Auctioneers’ DC office. The JV owes $302.2 million on a $286.9-million note issued in 2021 by Citi Real Estate Funding, Deutsche Bank AG New York Branch and Goldman Sachs.

A mortgage foreclosure auction Tuesday for the Troy Atrium, historic Frear Building and a large vacant lot in downtown Troy, NY drew three prospective bidders but none were willing to offer at least the minimum amount bid by the lender. As a result, BLC Cos., a private, non-bank lender in Irvine, CA, now has clear title and will continue to market the properties for sale through its local broker, NAI Platform, according to the Albany Business Review. The list prices are $2.4 million for the Atrium, a run-down former shopping mall; $5.6 million for the Frear Building next to the Atrium; and $2.25 million for the 1.6-acre vacant lot between River and Fourth streets.

The CMBS trust holding a $39.5-million loan against an 18,063-square-foot retail condominium at the base of 866 Third Ave. in Midtown Manhattan has initiated a foreclosure effort against the 30-story mixed-use building. Trepp reported the loan matured in August and has been with special servicer Midland Loan Services since last May. The owner of the space, the Witkoff Group, sought to modify the loan, extending its term and apparently reaching an agreement with Midland. But the deal stalled, prompting the special servicer to initiate foreclosure efforts.

JLL has been appointed as receiver for 400 South Tryon St., a 587,000-square-foot office building in the Uptown submarket of Charlotte, Trepp reported, citing the Charlotte Business Journal. A venture led by Oaktree Capital Group bought the 32-story property in 2018 for $133.5 million, financing the acquisition with a $93.5-million loan…