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PUBLIC NOTICE UCC ARTICLE 9 SALE: Valentine Vamush Properties, LLC

NOTICE OF AUCTION ADVISORS’ PUBLIC SALE OF MEMBERSHIP INTERESTS IN VALENTINE VAMUSH PROPERTIES LLC ON BEHALF OF SECURED PARTY

UNDER ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE PLEASE TAKE NOTICE that on June 23, 2026, starting at 11:05 AM Eastern Time, Auction Advisors, as Auctioneer, on behalf of Loan Originations LLC, a Delaware limited liability company (“Secured Party”), will offer for sale at a public auction under the Uniform Commercial Code, 100% of the limited liability company membership interests (the “Membership Interests”) in:

VALENTINE VAMUSH PROPERTIES LLC, a New York limited liability company (the “Borrower”). The Secured Party’s understanding (made without any representation or warranty by Secured Party as to the accuracy or completeness of the following matters) is that the Borrower is the beneficial owner of the real property, and improvements thereon, consisting of a 3-story walk-up mixed use building 102 Valentine Street, Mount Vernon, NY 10550.

Ann Mohini Balgobin (“Guarantor”) is the current owner of 100% of the membership interests in the Borrower. To secure their obligations to Secured Party, among other actions, Guarantor pledged to Secured Party a first-priority, perfected security interest in and to their Membership Interests. Guarantor shall be held personally responsible for the deficit in the event the auction proceeds do not exceed the outstanding debt owed to the Secured Party and Guarantor shall be entitled to any surplus in the event the auction yields proceeds that exceed the amount owed to the Secured Party.

The sale will be conducted virtually via online video conference. Instructions on how to become a “qualified bidder” and attend the auction via online video conference are set forth in the Terms & Conditions of Auction which are available online at www.AuctionAdvisors.com or by contacting Joshua Olshin of Auction Advisors at: [email protected].

Secured Party is and shall be a qualified bidder and shall be allowed to credit bid amounts due and owing to it by Guarantor in connection with any bids it may make with respect to the Membership Interests.

The auction sale will be held to enforce the rights of Secured Party under the certain Security and Pledge Agreement and UCC financing statements identified on Schedule 1 hereto pursuant to which Guarantors granted Secured Party’s predecessor in interest a security interest in, among other things, the Membership Interests.

Qualified bidders shall be required to post a $100,000.00 good faith deposit prior to bidding, which deposit will be required to be increased to twenty five percent (25%) of the successful bid by the successful bidder on or prior to NOON Eastern Time on June 24, 2026. Secured Party shall not be required either to post a good faith deposit or to increase its deposit as aforesaid.

The sale will be FINAL and on an “AS-IS, WHERE IS, WITH ALL FAULTS” basis and will be made WITHOUT REPRESENTATION OR WARRANTY WHATSOEVER. The Membership Interests are unregistered securities under the Securities Act of 1933 (the “Act”). The Membership Interests are being offered for sale in a transaction exempt from the requirements of the Act, and as such are subject to certain transfer restrictions. The Membership Interests will be sold as a single block. The Secured Party reserves the right to require any potential bidders to represent that they are purchasing the Membership Interests with investment intent for the bidder’s own account and not with a view towards resale or distribution..

Secured Party reserves the right to establish all bidding procedures and requirements and to have prospective bidders reasonably demonstrate to the satisfaction of Secured Party that they are qualified investors and their ability to perform and close on the acquisition of the Membership Interests. Secured Party reserves the right to credit bid at the sale. Secured Party also reserves the right to adjourn, continue, or cancel the sale without further notice. Other terms and conditions of the sale are set forth in the Terms & Conditions.

You are entitled to an accounting of the unpaid indebtedness secured by the Membership Interests that we intend to sell for no additional charge. You may request an accounting by calling Joshua Olshin of Auction Advisors at: 212-375-1222 ext 705.

Certain additional but limited information available to Secured Party regarding the Borrower will be made available via a secure data room to prospective bidders who execute a non-disclosure agreement. Such non-disclosure agreement, and other information and due diligence materials may be obtained by visiting www.AuctionAdvisors.com.

Any interested bidder must satisfy the requirements to be a “qualified bidder” by no later than NOON Eastern Time on June 22, 2026.

The auction of the Membership Interests will commence at 11:05 AM Eastern Time on June 23, 2026.

 

Schedule 1

Ownership Interest Pledge Agreement

Ownership Interest Pledge Agreement dated as of March 3, 2025, executed by Guarantors with respect to the Loan made to the Borrower.

UCC Filings

File Number Pledgor State File Date Filing Type Secured Party
202504160140405 Ann
Mohini
Balgobin
NY 04/16/2025 Original Loan Originations, LLC

 

EXHIBIT A

As security for the payment of all Liabilities, as defined below, Debtor hereby pledges to Secured Party, and grants to Secured Party a continuing security interest in, all of the following:

A. the Company Interests, which shall mean all right, title and interest of Debtor in and to the following: VALENTINE VAMUSH PROPERTIES LLC, a New York limited liability company (“Company”), all profits, income, surplus, compensation, return of capital, distributions, and other disbursements and payments to Company and/or Debtor (including, without limitation, specific properties of Company upon dissolution or otherwise), and all interests in Company now owned or hereafter acquired by Debtor as a result of exchange offers, direct investments, contributions or otherwise; but excluding any obligation or liability of Debtor with respect to the Company or any duty of Debtor as an owner of Company;

B. all cash and other property, of any kind or nature, distributed or payable at any time or from time to time by Company to Debtor related to the Company Interests, as a distribution, in complete or partial liquidation or otherwise, including, without limitation, Debtor’s membership interest of any revenues of Company derived from any contract;

C. all patents and trademarks owned by or in the name of Debtor and/or Company;

D. all other Pledged Property, which shall mean all Company Interests, all property received in exchange or substitution for Company Interests, all dividends, distributions and other returns from Company Interests, all other property delivered by Debtor to the Lender for the purpose of pledge under the Ownership Interest Pledge Agreement, and all proceeds of any of the foregoing; and

All of the foregoing are herein collectively called the “Collateral”.

For purposes of this Exhibit “A”, “Liabilities” means all Indebtedness (as defined below), obligations, and liabilities of Borrower or Debtor, to the Secured Party under the Loan Documents (as defined below),whether on account of principal, interest, indemnities, fees (including, without limitation, Attorneys’ Fees, remarketing fees, origination fees, collection fees, and all other professional fees), costs, expenses, taxes, or otherwise.

“Indebtedness” means the principal of, interest on, and all other amounts and payments due under or evidenced by the following (a) that certain Secured Note, Loan and Security Agreement, Mortgage, Assignment of Leases and Rents, Fixture Filing, and Security Instrument, and Ownership Interest Pledge Agreement entered into by and between Debtor, Borrower, and Secured Party and dated as of April 11, 2025 (the “Loan Documents”), (b) all funds later advanced by Secured Party to or for the benefit of Borrower or Debtor under any provision of any of the Loan Documents, (c) any future loans or amounts advanced by Secured Party to Debtor or Debtor when evidenced by a written instrument or document that specifically recites that the obligations evidenced by such document are secured by the terms of this Ownership Interest Pledge Agreement, including, but not limited to, funds advanced to protect the security or priority of this Ownership Interest Pledge Agreement.

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