TitleWest Title, LLC
4301 Highway 7, Suite 100
St. Louis Park, MN 55416
Phone: 952-252-2500
Fax: 952-252-2505
Website: www.westtitle.com
PROPERTY REPORT
TO: MVK Capital LLC
PROPERTY ADDRESS: 190 Lake Drive East
Chanhassen, MN 55317
OWNER’S NAME(S): Dakota Retail, LLLP by Trustee's Deed dated July 28, 2021, filed for record August 11, 2021, as
Document No. A730646 in Carver County, Minnesota.
ABSTRACT OR TORRENS PROPERTY: Abstract
LEGAL DESCRIPTION:
Lot 1, Block 1, Dakota Retail, Carver County, Minnesota.
(Abstract)
LAST DEED OF RECORD:
Trustee's Deed from David P. Johnson, sole Trustee of the Celeste J. Johnson Trust under Agreement dated February 5, 2018 to
Dakota Retail, LLLP, a Minnesota limited liability limited partnership, dated July 28, 2021, filed of record on August 11, 2021,
as Document No. A730646.
ENCUMBRANCES:
1. Mortgagee: Hiawatha National Bank
Executed By: Dakota Retail, LLLP
Dated: October 1, 2021
Filed: November 22, 2021
Doc. No.: A737561
Original Principal Amount: $3,280,000.00
Assignment of Rents dated October 1, 2021, filed for record November 2, 2021 as Document No. A737562
JUDGMENTS: NONE
FEDERAL AND STATE TAX LIENS: NONE
BANKRUPTCIES (COUNTY): NONE
REAL PROPERTY TAXES:
Real estate taxes for the year 2022 in the amount of $103,272.00 are unpaid. Property is : Commercial. Tax Assessed Value
$3,323,600.00 Property Tax Identification Number: 25.2410010.
EFFECTIVE DATE: 13th day of March, 2022
WEST TITLE, LLC
By:
Michelle Balow
WEST File No.: 220339417
*This owners and encumbrances report is limited in its scope as to the records affecting the title to the
above-described property. The liability of West Title, LLC is reasonable care in preparing this search and
shall in no case exceed the least of (a) the actual loss of the applicant; or (b) the sum of $1,000.00. This is
not a title insurance policy or an abstract of title and should not be relied upon as such. For full protection,
a title insurance policy or an attorney’s opinion of title should be secured.