UCC Sale of Certain Membership Interests in Monroe Cinemas, LLC
Asking Price: $10,000.00
Categories: Available, UCC Foreclosure Sale
- Description
- Notice of Sale
- Auction Terms & Conditions
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Description
UCC FORECLOSURE SALE PUBLIC NOTICE
AUCTION DATE & TIME: October 16, 2026; 11:00 AM EST
AUCTION LOCATION: Remote, via Zoom
CREDIT BID: $10,000.00
BUYER’S PREMIUM: 2%
SECURED PARTY: Loan Originations LLC, a Delaware limited liability company
AUCTIONEER: AuctionWorks, a division of AW Properties Global, LLC
INTEREST TO BE SOLD / SALE ASSETS:
Mark T. Owens, as Trustee of the Banyan Tree Irrevocable Trust Dated March 7, 2006 (“Banyan”) is the current owner of 100% of the membership interests in the Relevant Entity. To secure its obligations to Secured Party, Banyan pledged to Secured Party a first-priority, perfected security interest in and to its membership interests in the Relevant Entity.
TERMS OF SALE:
The sale will be conducted virtually via Zoom. Qualified bidders must register and satisfy the requirements set forth in the Auction Terms & Conditions. The Secured Party shall be deemed a qualified bidder and shall be permitted to credit bid amounts due and owing to it.
Qualified bidders will be required to post a $100,000.00 good faith deposit before bidding and to increase such deposit to 25% of the successful bid on or before 12:00 noon Eastern Time on October 23, 2026.
The sale will be FINAL and conducted on an “AS IS, WHERE IS, WITH ALL FAULTS” basis and WITHOUT REPRESENTATION OR WARRANTY WHATSOEVER.
The Secured Party reserves the right to establish bidding procedures, require proof of financial ability, credit bid, and to adjourn, continue, or cancel the sale.
QUALIFICATION DEADLINE: October 13, 2026 at 12:00 noon Eastern Time
REGISTRATION & INQUIRIES:
Interested parties may request additional information and access to the data room upon execution of an NDA by contacting:
Diana Peterson
AW Properties Global / AuctionWorks
Email: dianap@awproperties.com
Note: Unregistered parties will not be permitted to bid.
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