UCC Foreclosure - Minority Interest in VA Development
VA
Notice: Qualifying Bids Deadline: 12PM ET on March 9, 2026
Description
This is a UCC Foreclosure Auction sale. The property to be sold consists of 100% equity/membership interests in BLOOMSBURY DEVELOPMENT, LLC, a Virginia limited liability company ("BD") formerly known as Tri-State Development Companies, LLC. BD owns (indirectly) a 16 and 2/3% interest in TRI-STATE COMMUNITIES, LLC, a Virginia limited liability company whose principal asset is a fee interest in the ongoing residential development project known as “Chain Bridge Estates”. For more about Chain Bridge Estates, see brochure posted on this website and the following link: public website for the project: https://chainbridgeestates.
Auction via Zoom at 3PM ET on March 11, 2026; Qualifying Bids due by 12Noon ET on March 9, 2026.
To see more information, including governing documents, Notice of Sale, and Terms & Conditions of Sale, appraisal,see “Documents” tab posted on this website.
Documents
Property Information
- Brochure of Development
- Operating Agreement & Amendments
- Sales Financials
- Debt Financials
- Further Info re debt/loan extension
- Prom Note
- Pledge Agt
- Amndmt to Prom Nore
- Amndmt to Prom Nore
Auction Information
Terms & Conditions
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Buyers Premium
NA
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Closing
See Terms & Conditions
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Deposit Amount
$100,000, see Terms & Conditions.
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Broker Co-op
NA
Inspection
NA
