Financing ·
Stark Novus Financial Inc. entered into an Omnibus Amendment to Financing Documents with Foxpoint Florida LLC and…
NRDEStark Novus Financial Inc.
Stark Novus Financial Inc. entered into an Omnibus Amendment to Financing Documents with Foxpoint Florida LLC and related borrowers on August 18, 2026. The amendment defers monthly interest payments due for June through September 2026 until the closing of a sale of billboard assets in Central Florida (the Orlando Sale). The company extended the deadline for executing a letter of intent for this sale to August 25, 2026. Net proceeds from the sale will first pay off amounts owed to lenders. Additionally, the guarantor pledged a billboard asset in Bridgeton, Missouri, as collateral for any shortfall and a Bakersfield, California asset as security upon default events. Stark Novus Financial Inc. operates in the financial services industry, specifically providing lending secured by advertising assets.