PLEASE NOTE: In the event that the office building at 5335 Wisconsin Ave is closed, all scheduled Washington, DC sales will take place at the front entrance door of the Chevy Chase Pavilion
Legal Address: 237 2ND STREET NW WASHINGTON DC 20001
Property Geocode:
Sale Date: 2026-03-31
Sale Time: 2:00 PM
Online Views: 6
Pardo & Drazin, LLC
Russell S. Drazin, Attorney
4400 Jenifer Street, NW, Suite 2
Washington, DC 20015
202-223-7900
SUBSTITUTE TRUSTEE’S SALE
OF REAL PROPERTY
237 2nd Street, NW
Washington, DC 20001
Lot 0017 in Square 0574
Under a power of sale contained in a certain Construction Deed of Trust (the “Deed of Trust”) dated October 11, 2023 and recorded on October 17, 2023 as Instrument No. 2023090102 from 237 2nd LLC (“Borrower”), a District of Columbia limited liability company, as grantor, to Kimberly Bright (“Original Trustee”), as trustee, for the benefit of PFG Fund V, LLC (“Lender”), a Colorado limited liability company, as beneficiary, securing a certain Promissory Note (the “Note”) dated October 11, 2023 in the maximum principal amount of $1,031,500.00 made by Borrower, as maker, payable to the order of Lender, as payee, default having occurred under the terms thereof, pursuant to a Deed of Appointment of Substitute Trustee dated February 11, 2026 and recorded on February 13, 2026 as Instrument No. 2026014243 removing Original Trustee as trustee under the Deed of Trust and appointing Russell S. Drazin (“Substitute Trustee”) as substitute trustee under the Deed of Trust, and following the mailing and recordation of an Affidavit of Non-Residential Mortgage Foreclosure and a Notice of Foreclosure Sale of Real Property or Condominium Unit, at the request of the current noteholder, Substitute Trustee will sell at public auction at the office of Harvey West Auctioneers, Inc., 5335 Wisconsin Avenue, NW, Suite 440, Washington, DC 20015, on
MARCH 31, 2026 AT 2:00 PM
ALL THAT LOT OF GROUND AND THE IMPROVEMENTS THEREON (if any) situated in the City of Washington, District of Columbia, known as 237 2nd Street, NW, Washington, DC 20001 (Lot 0017 in Square 0574), and as more fully described in the Deed of Trust.
The property will be sold in an “AS IS” condition, with no warranty of any kind, and subject to conditions, restrictions, agreements, liens, and encumbrances of record affecting the same – except those encumbrances of record that are extinguished by operation of District of Columbia law by virtue of the foreclosure of the Deed of Trust. Without limitation, the property will be sold subject to a certain Purchase Money Deed of Trust dated October 11, 2023 and recorded on October 17, 2023 as Instrument No. 2023089903 from Borrower, as grantor, to Original Trustee, as trustee, for the benefit of Lender, as beneficiary, securing a certain Promissory Note dated October 11, 2023 in the maximum principal amount of $858,500.00 made by Borrower, as maker, payable to the order of Lender, as payee.
Purchaser will take title to the property subject to all taxes, water and sewer charges, and other utility charges, if any. Purchaser assumes the risk of loss or damage to the property from the date of sale forward. Purchaser shall be responsible for obtaining physical possession of the property.
TERMS OF SALE: A deposit of $100,000.00 by cashier’s check will be required of purchaser at the time and place of sale. Purchaser shall settle within thirty (30) days of sale. TIME SHALL BE OF THE ESSENCE WITH RESPECT TO SETTLEMENT BY PURCHASER. Balance of the purchase price to be paid in cash or certified funds at settlement. Interest to be paid on the unpaid purchase money from the date of sale to the date of settlement at the applicable interest rate set forth in the debt instrument secured by the Deed of Trust. Purchaser shall be responsible for payment of all settlement costs.
The noteholder and its affiliates, if a bidder, shall not be required to post a deposit or to pay interest.
In the event that purchaser does not settle as required for any reason, purchaser shall be in default. Upon such default, the deposit shall be forfeited to Substitute Trustee and all of the expenses of this sale (including legal fees and costs, and full commission on the gross sale price) shall be charged against and paid out of the forfeited deposit. Substitute Trustee may resell the property at the risk and expense of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. Defaulting purchaser shall be liable to Substitute Trustee for legal fees and costs incurred by Substitute Trustee in connection with such default.
If Substitute Trustee is unable to settle as set forth herein, purchaser’s sole remedy at law and in equity shall be limited to a refund of the deposit and the sale shall be considered null and void and of no effect whatsoever.
Substitute Trustee reserves the right, in Substitute Trustee’s sole discretion, to reject any and all bids, to withdraw the property from sale at any time before or at the auction, to extend the time to receive bids, to waive or modify the deposit requirement, to waive or modify the requirement that interest be paid on the unpaid purchase money, and/or to extend the period of time for settlement.
Additional terms may be announced at the sale. The successful bidder will be required to execute and deliver to Substitute Trustee a memorandum or contract of the sale at the conclusion of bidding.
Russell S. Drazin, Substitute Trustee
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MARCH 17, 19, 23, 25, AND 27, 2026
(THE WASHINGTON POST)