PUBLIC NOTICE OF DISPOSITION OF COLLATERAL: BCL CALIFORNIA LLC

NOTIFICATION OF DISPOSITION OF COLLATERAL

To: Interested Members of the Public
From: BCL CALIFORNIA LLC (“Secured Party”)
c/o Levenfeld Pearlstein, LLC, Attorney for the Secured Party
Attn: Jamie L. Burns
120 S. Riverside Plaza, 18th Floor
Chicago, Illinois 60606
(312) 476-7601
Names of Debtor(s): MARK DEVELOPMENT LLC (the “Company”)
Mark E. Sandoval and V. Christine Sandoval, Trustees of the Sandoval Family Trust dated September 10, 2003 (together, with the Company, “Debtors”)
We will sell the Collateral described below to the highest qualified bidder in public as follows:
Date: December 12, 2024
Time: 11:30 a.m. (CST)
Place: Levenfeld Pearlstein, LLC
120 S. Riverside Plaza, Ste. 1800
Chicago, Illinois 60606
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Collateral:  One hundred percent (100%) of the Sandoval Family Trust dated September 10, 2003’s current and future membership interests in the Company (the Company being the owner of the real property commonly known as 1005 West Lugonia Avenue, Redlands, California) under the Governing Agreements, (b) all Equity Distributions; (c) all Equity Rights; (d) all Bankruptcy Rights; and (e) all proceeds of any of the foregoing and all increases, substitutions, replacements, additions and accessions to any of the foregoing, together with full power and authority to demand, receive, enforce, collect or give receipt for any of the foregoing, to file any claims and to take any action which, in the opinion of Secured Party, may be necessary or advisable in connection with any of the foregoing.

The sale will be conducted in accordance with the provisions of the Illinois Uniform Commercial Code. The bid price must be paid in certified check or cashier’s check payable to the order of BCL CALIFORNIA LLC. Twenty Percent (20%) of the successful bid price will be paid at the time of sale and the balance must be paid within two (2) business days of the sale.

If the successful bidder defaults on the secured balance, the Secured Party may retain the initial deposit and, at the Secured Party’s option, sell to the next highest bidder. Secured Party reserves the right to bid part or all of the amount secured by the Collateral being sold without certified check or cashier’s check as required for other bidders. The Secured Party reserves the right within three (3) business days of the completion of the bidding to reject all bids. The Secured Party reserves the right to adjourn the sale to another date without further publication or notice by giving notice at the time of the sale.

If the Secured Party accepts a bid, the bidder will receive a Secured Party Bill of Sale of the interest of the Secured Party in the Collateral purchased, subject to the terms hereof. The Secured Party makes no representations or warranties as to the condition of the Collateral and the sale is “as is”, where is and with all faults, subject to any and all taxes, liens, claims or encumbrances. There is no warranty as to title, possession, quiet enjoyment, or the like in this disposition.

Debtors are entitled to an accounting of the unpaid indebtedness, which shall be provided free of charge. Please contact Jamie L. Burns, Levenfeld Pearlstein, LLC ((312) 476-7601), counsel for Secured Party, for further information.