SUBSTITUTE TRUSTEE'S NOTICE OF FORECLOSURE SALE
WHEREAS, Madison 2 Pack LLC, a Delaware limited liability company (the "Grantor") by that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (hereinafter referred to as "Deed of Trust"), dated March 11, 2022, recorded as instrument number 20220315-0030201, in the Register's Office of Davidson County, Tennessee (the "Register's Office"), conveyed to Matt Foster, a resident of Williamson County, Tennessee, as Trustee ("Trustee"), the hereinafter described property to secure the payment of that certain Promissory Note dated March 11, 2022 (the "Note") owed by Grantor to ReadyCap Commercial, LLC, a Delaware limited liability company (the " Original Lender").
WHEREAS, pursuant to that certain (i) Assignment of Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, executed by BRMK Management, LLC, dated as of August 6, 2025, recorded as instrument number 20250825-0067831, in the Register's Office, and (ii) all other documents evidencing the transfer of the indebtedness evidenced by the Note and other loan documents to AI NPL Investor LLC ("Lender"), Lender became the owner of the outstanding indebtedness under the Note as successor in interest to the Original Lender;
WHEREAS, Grantor failed to make multiple scheduled payments of interest due pursuant to the Note, each of which constitutes an immediate Event of Default under the Note and other documents evidencing the indebtedness of the Note (the "Loan Documents");
WHEREAS, pursuant to the Loan Documents, Lender has notified Grantor that the entire unpaid balance of the Note, together with accrued interest, interest at the specified default rate, late fees, and all other amounts payable under the Loan Documents have been accelerated (the "Accelerated Debt");
WHEREAS, Grantor has failed to pay the Accelerated Debt;
WHEREAS, Lender, as the owner and holder of the Note, has demanded that the hereinafter described property be sold.
WHEREAS, the undersigned, Michael G. Abelow of Davidson County (the "Substitute Trustee"), has been appointed Substitute Trustee in the place and stead of Trustee, by appointment recorded as instrument number 20251119-0092225 in the Register's Office.
NOW THEREFORE, notice is hereby given that I, Michael G. Abelow, Substitute Trustee, will, on January 14, 2026, at ten o'clock, 10:00 a.m. prevailing central time, at the front steps of the Davidson County, Tennessee Courthouse, proceed to sell at public outcry to the highest and best bidder for cash (on such terms as announced at sale) the property known as 300 Kate Street, Madison, Tennessee 37115 Map 43-9 & Parcel # 317 and further described as follows (hereinafter referred to as the "Property"):
The land referred to herein below is situated in the County of Davidson, State of Tennessee, and described as follows:
Land in the 11th Civil District of Davidson County, Tennessee, being lots Nos. 4 and 5 of Block "L" on the plan of Woodlawn Estates, as of record in Book 843, Page 82, Register's Office for said County, and property adjacent on the east, described together, as follows:
BEGINNING on the easterly margin of Kate Street, said point being the southwest corner of the property conveyed to The Lamplighter Apartments by deed from Georgia R. Cameron, of record in Book 4345, Page 321, said Register's Office; thence with the easterly margin of said Kate Street, North 3° 50' East 200 feet; thence South 86° 12' East 273.87 feet; thence South 3° 40' West 20.42 feet; thence South 86° 22' East 176.55 feet; thence North 2° 53' East 186.40 feet; thence North 86° 13' East 256.90 feet; thence South 17° 43' West 180 feet; thence South 13° 13' West 210.46 feet; thence South 82° 49' West 92.62 feet; thence North 86° 14' West 533.60 feet to the beginning.
Being the same property conveyed to Madison 2 Pack LLC, a Delaware limited liability company from 300 Kate Street Partners, LLC, a Tennessee limited liability company by deed of record in Instrument No. 202203150030200, in the Register's Office for Davidson County, Tennessee.
A review of the records at the Register's Office disclosed that the Property may be subject to certain matters set forth below:
1. Any and all unpaid ad valorem taxes payable to Davidson County, Tennessee (plus penalty and interest, if any) that may be a lien against the Property, including, without limitation, any ad valorem taxes for the year 2025, which are due but not yet delinquent.
2. Recorded Plat at Book 843, Page 82.
3. Recorded Agreement for Dedication of Easement for Sanitary Sewers and/or Storm Drainage at Book 4373, Page 884.
4. Recorded Agreement for Dedication of Easement for Sanitary Sewers and/or Storm Drainage at Book 4904, Page 954.
5. Recorded Grant for Easement as Instrument No. 201311220120419.
The foregoing matters may or may not take priority over the Deed of Trust. To the extent these matters do take priority over the Deed of Trust under applicable law, the sale will be subject to such matters, and to the extent such matters do not take priority over the Deed of Trust under applicable law, the property will not remain subject to them after the sale.
The sale will be subject to any and all liens, defects, encumbrances, easements, restrictive covenants, conveyances, adverse claims and other matters which might take priority over the Deed of Trust upon which this foreclosure sale is had, and any rights of redemption (statutory or otherwise) not otherwise waived in the Deed of Trust, including rights of redemption of any governmental agency, state or federal, which have not been waived by such governmental agency, any recorded easements, conditions, covenants, rights-of-way or subdivision plats affecting the property, any dedication of roads affecting the property and any governmental zoning and subdivision ordinances or regulations in effect, any prior or superior liens, judgment, deeds of trust or other interests of record, and matters that take priority over the Deed of Trust which an accurate survey of the Property might disclose.
Per the requirements of T.C.A. § 35-5-101(a)(2), this publication shall be posted with the third-party internet posting company foreclosuretennessee.com
The notice requirements of T.C.A. §35-5-104 have been met.
The Property is to be sold AS IS, WHERE IS, without representation or warranties of any kind whatsoever whether express or implied. Without limiting the foregoing, THE PROPERTY IS TO BE SOLD WITHOUT ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR USE OR PURPOSE. Substitute Trustee will make no covenant of seisin, marketability of title or warranty of title, express or implied, and will sell and convey his interest in the Property by Substitute Trustee's Deed as Substitute Trustee only.
The right is reserved to adjourn the day of sale to another day and time certain, without further publication and in accordance with law, upon announcement of said adjournment on the day and time and place of sale set forth above, to sell the Property with or without division of the Property if such consists of more than one parcel, and to sell to the next highest bidder that is able, capable and willing to comply with the terms of the sale, in the event the highest bidder does not comply with the terms of the sale.
This 12th day of December, 2025.
Michael G. Abelow
SUBSTITUTE TRUSTEE
Sherrard Roe Voigt & Harbison, PLC
1600 West End Ave., Suite 1750
Nashville, Tennessee 37203
Telephone: (615) 742-4532
mabelow@srvhlaw.com
December 19, 26, January 2 2026
LOKR0424250