"Baltimore City"

James W. Holderness, Attorney
4115 Wilkens Avenue
Baltimore, MD 21229

SUBSTITUTE TRUSTEE’S AUCTION

2 – BALTIMORE CITY
COMMERCIAL PROPERTIES
To Be Sold As An Entirety

Known As
1900 MARYLAND AVENUE
Baltimore, Maryland 21218
15 Apartment Units

& 100 W. NORTH AVENUE
Baltimore, Maryland 21201
Former Bank Building

Sales to Be Held
Courthouse Steps
Clarence M. Mitchell, Jr. Courthouse
100 N. Calvert Street, Baltimore, MD 21202

WEDNESDAY, JULY 1, 2026
AT 10:30 A.M.

      Under and by virtue of the power of sale contained in a certain Deed of Trust, Assignment of Leases and Rents, Fixture Filing and Security Agreement from 1900 Maryland LLC to the Trustee therein, dated April 19, 2022, and recorded among the Land Records of Baltimore City, Maryland, in Book MB 24543, Page 489 (the “Deed of Trust”), the holder of the indebtedness secured thereby having appointed James W. Holderness, Esquire to act as Substitute Trustee, in place and stead of the aforementioned Trustee, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby (in the Circuit Court for Baltimore City, Civil No. C-24-CV-26-002326), the undersigned Substitute Trustee will sell at Public Auction, at the courthouse door as noted above, the following:

      All those fee simple lots of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced Deed of Trust, and comprising the following properties:

      1900 Maryland Avenue – attractive four story brick apartment building, constructed in 1940 and comprising 17,365 square feet on five levels, according to public tax records. According to a recent listing, the building is believed to contain 15 apartment units, consisting of 1 – 1-bedroom/1-bath unit and 14 – 2-bedroom units (8 with 1 bath, 6 with 1.5 baths), individual electric meter, forced air heat and central air conditioning for each unit, steel fire escape. Lot size 23′ x 151’2″, more or less. Zoning C-2, commercial.

      100 W. North Avenue – one story brick former bank building, situated at the northwest corner of North Avenue and Maryland Avenue. According to public tax records, the building was constructed in 1900 and contains 500 square feet. Lot size 23′ x 23’10”, more or less. Zoning C-2, commercial.

      Block Plat

      NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

      TERMS OF SALE: A $100,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by 10:30 A.M. on Thursday, July 2, 2026 at the Auctioneer’s Office. The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at a location designated by the Substitute Trustee. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate stated in the Note executed in connection with the foreclosed Deed of Trust, from date of contract to date of settlement. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of contract. Taxes and all other public charges and assessments payable on a monthly or annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. The purchaser waives and releases the Substitute Trustee, the holder of the indebtedness, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Substitute Trustee is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Substitute Trustee, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.

      Authority to cancel this sale rests solely with the Substitute Trustee and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Substitute Trustee reserves: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders’ deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.

No Buyers Premium

James W. Holderness, Substitute Trustee