UCC Public Auction
Listing ID#: 906431
| Sale Location |
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1885 Marina Mile Blvd, Ste 103 Fort Lauderdale, FL 33315 |
| Sale Dates and Times |
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Tuesday Nov 10, 10:00 am to 10:30 am |
| Sale Type |
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Live Auction
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| Company Information |
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Moecker Auctions Contact: Eulalia Rodriguez Phone: 954-252-2887 Email: erodriguez@moeckerauctions.com Website: www.moeckerauctions.com EstateSale.com ID#: 8921 View company information and listings |
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UCC Public Auction
AUCTION DATE
PLACE OF AUCTION
PRINCIPAL ASSETS
For inquiries regarding terms, participation and data room access, please contact erodriguez@moeckerauctions.com to request an NDA confidentiality agreement.
NOTICE OF PUBLIC SALE OF COLLATERAL (CHS)
NOTICE IS HEREBY GIVEN that, pursuant to (a) Sections 9-610, 9-611, and 9-613 of the Uniform Commercial Code (“UCC”) as in effect in the State of South Carolina and (b) the Pledge and Security Agreement, dated as of December 20, 2024 (as amended, restated, or otherwise modified, the “Security Agreement”) made by TOD TARRANT, an individual (also known as Tod Clark Tarrant) (“Debtor”) to 59 ANSON PARTNERS, LLC, a Delaware limited liability company (as successor-in-interest to Walton Funding, LLC d/b/a Adelaide Mortgage Solutions, a Florida limited liability company, and together with its successors and assigns, “Secured Party”), Secured Party will offer for sale at a public auction (the “Auction”) all right, title, and interest of Debtor in and to the following collateral (the “Subject Collateral”): one hundred percent (100%) of the membership interests in CHS HOLDINGS GROUP LLC, a South Carolina limited liability company (“CHS”), constituting the “Pledged Securities” under the Security Agreement and evidenced by Certificate No. 001, together with all other “Collateral” (as defined in Section 2 of the Security Agreement) relating thereto and all proceeds (as defined in the UCC) of the foregoing. The Subject Collateral secures the obligations of Borrower (as defined below) under the Loan Agreement, dated as of December 20, 2024 (as amended, supplemented or otherwise modified, the “Loan Agreement”), by and among Secured Party, Debtor, CHS, and TARPON AVENUE HOLDINGS, LLC, a Florida limited liability company (“Tarpon,” together with Debtor and CHS, collectively, “Borrower”).
TERMS AND CONDITIONS OF THE AUCTION
The Subject Collateral is being sold as described above on an “AS IS, WHERE IS, WITH ALL FAULTS” basis pursuant to the following terms and conditions.
All inquiries concerning this Notice of Public Sale and the terms and conditions of the sale (including requirements to be a “qualified bidder”) should be made to: Adam Herring, Esq., Nelson Mullins Riley & Scarborough LLP, Telephone: (404) 322-6000, Email: adam.herring@nelsonmullins.com. Any person making any inquiry or request must: (i) disclose the person or entity on whose behalf such information is being sought, (ii) execute the confidentiality agreement, which will be provided upon request, and (iii) maintain the confidentiality of the information provided in accordance with the confidentiality agreement.
NOTICE OF PUBLIC SALE OF COLLATERAL (TARPON)
NOTICE IS HEREBY GIVEN that, pursuant to (a) Sections 9-610, 9-611, and 9-613 of the Uniform Commercial Code (“UCC”) as in effect in the State of Florida, and (b) the Pledge and Security Agreement, dated as of December 20, 2024 (as amended, restated, or otherwise modified, the “Security Agreement”) made by TOD TARRANT, an individual (also known as Tod Clark Tarrant) (“Debtor”) to 59 ANSON PARTNERS, LLC, a Delaware limited liability company (as successor-in-interest to Walton Funding, LLC d/b/a Adelaide Mortgage Solutions, a Florida limited liability company, and together with its successors and assigns, “Secured Party”), Secured Party will offer for sale at a public auction (the “Auction”) all right, title, and interest of Debtor in and to the following collateral (the “Subject Collateral”): one hundred percent (100%) of the membership interests in TARPON AVENUE HOLDINGS, LLC, a Florida limited liability company (“Tarpon”), constituting the “Pledged Securities” under the Security Agreement and evidenced by Certificate No. 001, together with all other “Collateral” (as defined in Section 2 of the Security Agreement) relating thereto and all proceeds (as defined in the UCC) of the foregoing. The Subject Collateral secures the obligations of Borrower (as defined below) under the Loan Agreement, dated as of December 20, 2024 (as amended, supplemented or otherwise modified, the “Loan Agreement”), by and among Secured Party, Debtor, Tarpon, and CHS HOLDINGS GROUP LLC, a South Carolina limited liability company (“CHS,” together with Debtor and Tarpon, collectively, “Borrower”).
TERMS AND CONDITIONS OF THE AUCTION
The Subject Collateral is being sold as described above on an “AS IS, WHERE IS, WITH ALL FAULTS” basis pursuant to the following terms and conditions.
All inquiries concerning this Notice of Public Sale and the terms and conditions of the sale (including requirements to be a “qualified bidder”) should be made to: Adam Herring, Esq., Nelson Mullins Riley & Scarborough LLP, Telephone: (404) 322-6000, Email: adam.herring@nelsonmullins.com. Any person making any inquiry or request must: (i) disclose the person or entity on whose behalf such information is being sought, (ii) execute the confidentiality agreement, which will be provided upon request, and (iii) maintain the confidentiality of the information provided in accordance with the confidentiality agreement.
Sold AS IS, WHERE IS, subject to an existing mortgage (stated principal $1,865,000) and a pending foreclosure; the secured party may credit bid. The interests are unregistered securities offered under exemption. To bid: sign an NDA, register by Nov. 6 at 4:00 PM ET and post a $250,000 deposit by Nov. 9 at 2:00 PM ET. Buyer to verify all information.
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