New Orleans Times-Picayune | Advocate (Jefferson Parish)
September 10, 2026
PUBLIC NOTICE - - - UCC PUBLIC SALE NOTICE PLEASE TAKE NOTICE THAT MSC 650 Poydras HoldCo, LLC (Secured Party) will offer for sale at public auction (Sale) 100% of the limited liability company interests (Interests) held by Poydras Center Mezzanine, LLC (Mezzanine Borrower) in Poydras Center, LLC, a Delaware limited liability company (Pledged Entity), together with certain rights and property representing, relating to, or arising from the Interests, (collectively, Collateral) as fully described in the Mezzanine Pledge and Security Agreement, dated as of June 7, 2016, made by Borrower in favor of Secured Party (Pledge Agreement). The Sale will take place on September 24, 2026 at 1:00 p.m. (ET) in compliance with New York Uniform Commercial Code Section 9-610 both at the offices of Moritt Hock & Hamroff LLP, 1407 Broadway, 39th Fl., New York, NY 10018 and virtually via online video conference. The URL address and password for the online video conference will be provided to registered participants. The Sale is being made in connection with the foreclosure on a pledge of the Collateral under the Pledge Agreement, pursuant to which Mezzanine Borrower has granted to Secured Party a first priority lien on the Collateral as collateral for the loan in the original principal amount of $4,400,000.00 (Mezzanine Loan) from Secured Party to Mezzanine Borrower. It is the understanding of Secured Party (but without representation or warranty of any kind) that: (i) the Mezzanine Loan is in default, (ii) Mezzanine Borrower owns the Interests, (iii) the Interests constitute the principal asset of Mezzanine Borrower, (iv) Pledged Entity owns certain real property located at 650 Poydras St., New Orleans, LA 70130 (Property), (v) the principal assets of the Pledged Entity are the Property and certain related rights, and (vi) the Property is encumbered by a mortgage lien granted by Pledged Entity as security for a mortgage loan (Mortgage Loan) made pursuant to a certain loan agreement by and between the holder of the Mortgage Loan and the Pledged Entity (Mortgage Loan Agreement). An online datasite for the Sale (the Datasite) is available at the following link: https://rimarketplace.com/listing/129493/office/lafayette-square/la The Datasite will include certain relevant information that Secured Party possesses concerning Pledged Entity, Mezzanine Borrower, the Loan, and the Mortgage (collectively, Disclosed Materials) as well as the Terms of Sale for Public Auction relating to the Sale of the Collateral (Terms of Sale). Access to such information will be conditioned upon execution of a confidentiality agreement which can be found on the Datasite. No information provided, whether in the Datasite or otherwise, shall constitute a representation or warranty of any kind with respect to such information, the Collateral or the Sale. Participants are encouraged to review all Disclosed Materials and perform such due diligence as they deem necessary in advance of the Sale. The Collateral is being offered as a single lot, and is being sold strictly on an AS IS AND WHERE IS BASIS, AND (i) WITHOUT ANY REPRESENTATIONS OR WARRANTIES (WHETHER EXPRESSED OR IMPLIED) OF ANY KIND MADE BY THE SECURED PARTY (OR ANY OTHER PERSON ACTING FOR OR ON BEHALF OF THE SECURED PARTY), INCLUDING, WITHOUT LIMITATION, WITH RESPECT TO THE EXISTENCE OR NONEXISTENCE OF OTHER LIENS, THE QUANTITY, QUALITY, CONDITION OR DESCRIPTION OF THE INTERESTS, THE PROPERTY, AND/OR THE VALUE OF ANY OF THE FOREGOING, AND (ii) WITHOUT ANY RECOURSE WHATSOEVER AGAINST THE SECURED PARTY (OR ANY OTHER PERSON ACTING FOR OR ON BEHALF OF THE SECURED PARTY). There are specific requirements for any potential bidder in connection with obtaining information, bidding on the Collateral, and purchasing the Collateral, including without limitation complying with the Mezzanine Loan documents, the Mortgage Loan documents, that certain Intercreditor and Subordination Agreement by and between Secured Party and the holder of the Mortgage Loan, the Pledged Entitys governing documents, and the Terms of Sale. Secured Party reserves the right to seek commercially reasonable information from prospective bidders and require a showing of financial ability from prospective bidders. The Collateral includes unregistered securities under the Securities Act of 1933, as amended (Securities Act), and Secured Party reserves the right to restrict participation in the Sale to prospective bidders that represent that the Collateral will not be sold, assigned, pledged, disposed of, hypothecated or otherwise transferred without the prior registration in accordance with the Securities Act and the securities laws of all other applicable jurisdictions, unless an exemption from such registration is available. Secured Party may, prior to the Sale described herein, assign its right, title and interest in and to the Loan, and in the case of such assignment the assignee shall be considered the Secured Party for all purposes hereunder. Secured Party reserves the right to credit bid, set a minimum reserve price, reject all bids and terminate or adjourn the Sale to another time, without further notice. All bids (other than credit bids of Secured Party) must be for cash with no financing conditions and the successful bidder must be prepared to comply with the bidding and closing requirements in the Terms of Sale. The winning bidder must pay all transfer taxes, recording fees, stamp duties and similar taxes as may be required to be paid under applicable law in connection with the purchase of the Collateral. Questions may be directed to John Daniels of Newmark at (312) 224-3260 or John.Daniels@nmrk.com. 194914-JUL 23-1T $681.31
Miscellaneous Notices