Quick update:
Based on our lawyer, Jesse, foreclosure is actually on August *17* - still a few weeks away. Legally we should be able to repay the loan all the way up to the actual foreclosure auction, and the very earliest that auction can be scheduled would be September 6. So if worse comes to worst and we lose the building, we would still have more than a month before we need to vacate.
I guess CAST wasn't working with the correct timeline, so they've told us they will make one final attempt at getting the recoverable grant they were hoping to line up (essentially a 1yr bridge loan at 0% interest). It also gives Philip Bell a bit extra time to line up the loan he's been pursuing. Meanwhile we've had at least two other individuals expressed interest in purchasing the building before foreclosure as well.
So yeah, all hope is not lost! But meanwhile I would urge folks at Sudo to make contingency plans in case we do need to move out in a month. Figure out how much space Sudo really needs, how much rent you can afford, and which other organizations you might want to team up with in case you find a building too large for Sudo alone. CCL is already actively looking for candidate spaces - mainly on loopnet, but there should be deals available on CraigsList and through word of mouth as well. Help wanted!
Patrik