The building at 455 S. Hudson St. in Denver. (Google Maps)
A lender has foreclosed on a small office building off Leetsdale Drive in eastern Denver.
SouthState Bank took ownership of the 455 S. Hudson St. building in the Washington Virginia Vale neighborhood when no one else bid at a late October foreclosure auction, records show.
The 17,700-square-foot building was previously owned by Thrive Health Services Center LLC, an entity formed by John Augspurger, a dentist. He is a co-founder of the Human Universal Health Institute, a holistic health care organization that has operated in the building.
Thrive bought the property in 2012 for $850,000, according to public records. The building was constructed in 1985.
In 2016, Thrive took out a loan from Guaranty Bank, which was later acquired by Independent Bank, which was subsequently bought by Florida-based SouthState.
SouthState initiated the foreclosure process in May, saying in two separate cases that it was owed a combined $2.4 million, records show. The bank foreclosed on the property Oct. 23.
Augspurger did not respond to requests for comment.
Attorney Richard Beller of Fort Collins’ Ringenberg & Beller represented the lender.
The building at 455 S. Hudson St. in Denver. (Google Maps)
A lender has foreclosed on a small office building off Leetsdale Drive in eastern Denver.
SouthState Bank took ownership of the 455 S. Hudson St. building in the Washington Virginia Vale neighborhood when no one else bid at a late October foreclosure auction, records show.
The 17,700-square-foot building was previously owned by Thrive Health Services Center LLC, an entity formed by John Augspurger, a dentist. He is a co-founder of the Human Universal Health Institute, a holistic health care organization that has operated in the building.
Thrive bought the property in 2012 for $850,000, according to public records. The building was constructed in 1985.
In 2016, Thrive took out a loan from Guaranty Bank, which was later acquired by Independent Bank, which was subsequently bought by Florida-based SouthState.
SouthState initiated the foreclosure process in May, saying in two separate cases that it was owed a combined $2.4 million, records show. The bank foreclosed on the property Oct. 23.
Augspurger did not respond to requests for comment.
Attorney Richard Beller of Fort Collins’ Ringenberg & Beller represented the lender.
