
100% of the LLC Interests in RL Eastpoint LLC
UCC AUCTION: JULY 31
Marketing description
NOTIFICATION OF PUBLIC DISPOSITION OF COLLATERAL
UCC Auction Date: Friday, July 31
Time: 10:00 a.m. (ET)
PLEASE TAKE NOTICE THAT, for default in payment of a debt and performance of obligations owed by RL Eastpoint LLC (“Borrower”) PFP VII SUB XI, LLC (“Secured Party”), pursuant to Section 9-610 of the Uniform Commercial Code, at 10:00 a.m. (prevailing Eastern Time), on July 31, 2026, at the top of the front steps of the New York County Supreme Court 60 Centre Street, New York, New York 10007, and via remote means accessible via Zoom (Link: https://hilcoglobal.zoom.us/j/93358128222?pwd=YBXzTlUnvjPkFZG2swzaHVusp4Ppug.1, Meeting ID Number: 933 5812 8222, Passcode: 258725),
and Secured Party shall sell at public auction to the highest qualified bidder for cash the interest of RL Eastpoint Blocker LLC (“Pledgor”) in the following collateral, defined below or some portion thereof (the “Collateral”):
All of Pledgor’s right, title, and interest in the equity ownership interests in the Borrower, which is the owner of certain real property and personal property, including that certain real property, and improvements thereon, located at 6085 Parkland Blvd., Mayfield Heights, Ohio 44124, as more fully described in that certain Pledge and Security Agreement dated as of August 1, 2025 (the “Pledge Agreement”) made by Pledgor in favor of Secured Party as follows (collectively, the “Collateral”): (a) its one hundred percent (100%) limited liability company interests in Owner, together with the certificate (in a form attached to the Pledge Agreement as Exhibit A and made a part thereof) evidencing the same (the "Pledged Interests”); (b) all ownership interests, limited liability company interests, shares, securities, moneys, instruments or property representing a dividend, a distribution or return of capital upon or in respect of the Pledged Interests, or otherwise received in exchange therefore, and any warrants, rights or options issued to the holders of, or otherwise in respect of, the Pledged Interests; (c) all rights of Pledgor under the Relevant Documents (as defined in the Pledge Agreement) or any other agreement or instrument relating to the Pledged Interests, including, without limitation, (i) all rights of Pledgor to receive moneys or distributions with respect to the Pledged Interests due and to become due under or pursuant to the Relevant Documents, (ii) all rights of Pledgor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Pledged Interests, (iii) all claims of Pledgor for damages arising out of or for breach of or default under a Relevant Document, and (iv) any right of Pledgor to perform thereunder and to compel performance and otherwise exercise all rights and remedies thereunder; and (d) all proceeds of and to any of the property of Pledgor described in clauses (a) through (c) above and, to the extent related to any property described in said clauses or such proceeds, all books, correspondence, credit files, records, invoices and other papers.
All parties seeking to submit a bid at the sale must deliver a deposit at least two (2) business days prior to the sale by delivering to Hilco Real Estate, LLC, as escrow agent, a wire, bank, certified check, or money order (no endorsed checks or endorsed money orders will be accepted) in an amount equal to at least ten percent (10%) of the proposed bid amount. No cash will be accepted. All funds must be exhibited to the auctioneer prior to the commencement of bidding. Unless proper funds have been verified, you will not be permitted to bid. The balance of the successful bid is payable at closing, which shall be held within ten (10) days of the auction date, time being of the essence. For wire instructions, you must contact the undersigned.
Secured Party reserves the right to reject all bids and terminate or adjourn the sale to another time or place or effectuate a private sale instead of a public sale, without further publication, and further reserves the right to bid for the Collateral at the sale and to credit bid by applying some or all of its secured debt to the purchase price.
For further information you may contact Jonathan Cuticelli, Hilco Global; Tel.: (203) 561-8737; [email protected]; or Bradley Gardner, Polsinelli PC, 900 W. 48th Place, Ste. 900, Kansas City, MO 64112; Tel.: (816) 360-4385; Fax: (816) 753-1536; [email protected].
THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL, NOR THE SOLICITATION OF AN
OFFER TO BUY, THE COLLATERAL TO OR FROM ANYONE IN ANY JURISDICTION IN WHICH
SUCH OFFER OR SOLICITATION IS NOT AUTHORIZED.
Investment highlights
- Property Type: Office | UCC Auction
- Building Size: 174,063± SF
- Land Size: 9.5± AC
- Parking: 58 Covered & 686 Surface | 744 Total Spaces
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