PUBLIC NOTICE OF UCC ARTICLE 9 SALE: Largo Senior Living, LLC

Notice of Disposition of Collateral Public Auction – UCC Foreclosure Sale

Notice is hereby given that, in accordance with applicable provisions of the Uniform Commercial Code as enacted in the State of Illinois, Saperean Largo Mezz, LLC (“Secured Party”) will offer for sale, at public auction, 100% of the membership interests (the “Collateral”) in Largo Senior Living, LLC (“Mortgage Borrower”), which membership interests are currently owned by Largo Mezz, LLC (“Debtor”). Mortgage Borrower, in turn, owns the real property located at 360, 400 and 450 Sky Bridge Drive, Upper Marlboro, Maryland 20774. The public auction will be held on February 20, 2024 at 3:30 p.m. (EST), by remote auction via Zoom, Full meeting link: https://us06web.zoom.us/j/88188892287?pwd=2qhTedL6Fog7NbTFnPTCoDQn0HaBxw.1, Shortened meeting link: https://bit.ly/LargoUCC, Meeting ID: 881 8889 2287, Password: 093838, and the Collateral will be sold to the highest qualified bidder; provided, however, that Secured Party reserves the right to cancel the sale in its entirety, or to adjourn the sale to a future date. The sale will be conducted by Thomas Tumbleson (of Tumbleson Auction Company), an Illinois State licensed auctioneer (440000397), or such other appropriately licensed auctioneer in the state of Illinois that the Secured Party, in its absolute discretion, may select.

This sale is being held to enforce Secured Party’s rights in the Collateral as a result of the indebtedness of Debtor to Secured Party, following Debtor’s defaults under the applicable loan documents. The Collateral will be sold together in a single block, and there is no warranty or representations relating to title, possession, quiet enjoyment, merchantability, fitness, or the like in this disposition. Secured Party reserves the right for itself and any assignee to bid (whether by cash and/or crediting some or all of the secured obligations) and to become the purchaser at the sale. Interested parties must contact broker for Secured Party, c/o Brock Cannon, at Newmark, 125 Park Avenue, New York, NY 10017, (212) 372-2066, [email protected], in order to obtain a copy of the Terms of Sale and information regarding bidding instructions.  Upon execution of a standard confidentiality and non-disclosure agreement, additional documentation and information will be available. Interested parties who do not contact the Secured Party’s broker prior to the sale will not be permitted to enter a bid.

None of the Collateral has been registered for sale under any federal or state securities or blue sky laws, and as such may not be sold or otherwise transferred by Secured Party or a purchaser of any Collateral except in accordance with applicable law.