A shopping center that was once home to dance hall Midnight Rodeo — and is owned by an affiliate of World Class Holdings, a company founded by Nate Paul — may be headed for foreclosure next month.
Paul is the Austin businessman at the center of the scandal currently engulfing Texas Attorney General Ken Paxton.
The property at 12260 Nacogdoches is set to be auctioned off Nov. 3, Bexar County property records show, although county officials have repeatedly postponed foreclosure sales due to the coronavirus pandemic.
Sonora Bank first pushed to foreclose in December and subsequently filed notices again this spring and summer, most recently last month. The bank’s promissory note is for roughly $4.7 million.
Two other San Antonio properties owned by entities connected to World Class were slated for foreclosure this summer.
Lenders sought to foreclose on warehouses at 639 Lanark on Aug. 4, a sale that was