NOTICE OF PUBLIC SALE OF COLLATERAL
PLEASE TAKE NOTICE that in accordance with applicable provisions of the Uniform Commercial Code as enacted in all applicable jurisdictions, LoanCore Capital Credit REIT LLC (“Secured Party”) will offer for sale, at public auction, all of 225 Deerpath Investors, LLC’s (“Debtor”) right, title and interest in and to (a) 100% of the limited liability company interests of 225 E. Deerpath, LLC, a Delaware limited liability company (“Owner”), and (b) certain related rights and property relating thereto (collectively, (a) and (b) are the “Collateral”). Based on Debtor’s disclosures, Secured Party understands that the principal asset of Owner is certain real property located at 225 E. Deerpath, Lake Forest, IL 60045, and such property is subject to one or more mortgages.
The public auction will be held on April 27, 2022 at 12:00 P.M. (CST), by remote auction via web-based video conferencing and/or telephonic conferencing program selected by Secured Party. All qualified bidders may virtually attend and participate at the auction. The Collateral will be sold to the highest qualified bidder; provided that Secured Party reserves the right to at any time cancel the sale, or to adjourn the sale to a future date. The sale will be conducted by Mannion Auctions, LLC, by Matthew Mannion, Auctioneer, NYC DCA License No. 1434494, with offices at 305 Broadway, Suite 200, New York, NY 10007. The Collateral will be sold (i) as a block, and will not be divided or sold in any lesser amounts, (ii) “as is, where is” and without any recourse, representation, guarantee, or warranty of any kind, which are disclaimed, and (iii) subject to such other terms as Secured Party may announce. Interested parties who intend to bid on the above Collateral must contact Secured Party’s sale advisor, Brock Cannon of Newmark Knight Frank at [email protected] to receive the terms of sale and bidding instructions. Upon execution of a confidentiality agreement and qualified investor letter, additional information will be available. Interested parties who do not contact the Secured Party’s sale advisor and qualify prior to the sale will not be permitted to enter a bid.
NOTE: The above sale, originally scheduled for October 5, 2021 at 12:00 P.M. (CST) and subsequently adjourned until November 17, 2021 at 12:00 P.M. (CST), and subsequently adjourned until January 21, 2022 at 12:00 P.M. (CST) has been postponed. The new sale date has been rescheduled for April 27, 2022 at the same time and place.
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