Stark Novus Financial amends Foxpoint Florida loans, defers June-September interest payments until asset sale closes
NRDE•Repayment and added collateral terms
Sale proceeds are earmarked first for full repayment of amounts owed to the lending group.
The guarantor will pledge a Bridgeton, Missouri billboard as added collateral for any repayment shortfall, and a Bakersfield, California billboard will be pledged as added collateral upon certain events of default.
Loan amendment and deferred interest payments
Stark Novus Financial entered an omnibus amendment on Aug. 18, 2026 with Foxpoint Florida borrowers, 4445 W. Vine, a guarantor, and lenders.
Monthly interest due June 1 through Sept. 1, 2026 was deferred to the closing of a planned Central Florida billboard asset sale.
