Two wine properties on Silverado Trail in Calistoga are headed toward a foreclosure auction next month over a combined $46.25 million in unpaid debt, even as the company that owns them insists the winery is staying open through harvest. Calistoga Vintner Services faces foreclosure on parcels at 865 Silverado Trail and 963-965 Silverado Trail, with the auction currently scheduled for October 16.
According to foreclosure notices reviewed by The Napa Valley Register, the 865 Silverado Trail notice lists $22.88 million in unpaid debt and other costs as of late August, while the 963-965 Silverado Trail notice lists $23.37 million — together totaling $46.25 million. The notices do not establish whether any part of the two debts overlaps, and it remains unclear if the auctions will actually proceed; under California law, property owners retain the right to reinstate their loans and halt a trustee sale by curing the default and qualifying fees up to five business days before the scheduled auction, as Hoodline has previously reported.
Company founder Jorge H. Anguiano told the paper the business is working through a capital restructuring involving the properties and is in active discussions with financial partners about a long-term capitalization plan. He declined to discuss possible deals or their terms, saying only that talks on a restructured financial framework remain ongoing. Anguiano attributed the company’s difficulties to broader macroeconomic and industry pressures rather than any single misstep.
A Bottling Plant Turned Custom-Crush Winery
The larger of the two properties, at 865 Silverado Trail, covers about 14.31 acres and was formerly the site of the Calistoga Beverage Co. mineral water bottling plant, which operated under owner Nestle Waters North America until it closed in late 2009, according to The Napa Wine Project. The site also features a metal sculpture depicting a likeness of the company’s founder. Calistoga Vintner Services bought the property in 2021 and now uses part of it as a winery and custom-crush site, where wine is made and stored on behalf of other brands that typically retain ownership of what’s produced there — a point Anguiano emphasized in describing how the business operates…