PUBLIC NOTICE OF UCC SALE: Hudson 1702, LLC

NOTICE OF PUBLIC SALE OF COLLATERAL
Current Principal Balance: 193,806,115.34

PLEASE TAKE NOTICE that in accordance with the applicable provisions of the Uniform Commercial Code of the State of New York, Parkview Financial REIT, LP, as the agent under certain loan agreements and a pledge agreement (“Secured Party”), will offer at public auction the limited liability company interests (the “Collateral”) in Hudson 1702, LLC (“1702”) and Hudson 1701/1706, LLC (together with 1702, the “Company”), which entities, upon Secured Party’s information and belief, own a leasehold estate in certain condominium units in the building known as 353 West 57th Street Condominium and by the street number 353-361 West 57th Street a/k/a 356 West 58th Street, New York, New York, said condominium units being designated and described as Unit Nos. 1, 2 and 6 in the Declaration relating to such Condominium, as amended, recorded in the Office of the City Register of The City of New York, County of New York. The sale of the Collateral involves the sale of the equity interests of the Company and does not involve the direct sale of the leasehold estate described above. The Collateral has not been and will not be registered under the Securities Act of 1933 (the “Act”) and is being offered for sale in a transaction exempt from the requirements of the Act. The Collateral will be offered for sale as a single unit or in separate lots.

The public auction will be held in person at the offices of DLA Piper LLP (US) located at 1251 Avenue of the Americas, New York, New York, 10020 and virtually via Zoom Meetings, on April 10, 2025 at 10:30 a.m. (ET). The Collateral secures indebtedness owing by the Company to Secured Party in an amount of not less than $193,806,115.34 plus unpaid interest and all other sums due under the applicable loan documents. The Collateral will be sold to the highest qualified bidder; provided, however, Secured Party reserves the right to cancel the sale in its entirety or to adjourn the sale to a future date at any time. Secured Party also reserves the right to bid, including by credit bid.

Additional documentation and information regarding the Collateral will be made available, including the terms of the public sale, to interested parties that execute a confidentiality agreement. To review and execute such confidentiality agreement, please visit our website at: https://tinyurl.com/m9njnnnx.

Interested parties that intend to bid on the Collateral must contact Brock Cannon of Newmark, Secured Party’s broker, at [email protected] or (212)-372-2066 no later than five (5) business days before the date scheduled for the auction to receive information on how to register for the auction. For questions and inquiries, please contact Brock Cannon or Neal Kronley of DLA Piper LLP (US), counsel to Secured Party, at [email protected]. Interested parties who do not comply with the foregoing or any other requirement of the applicable terms of sale, including, without limitation, any deadlines set forth herein or therein, will not be permitted to enter a bid.