41,000+ Sq Ft Parking Lot
UCC Foreclosure Auction

• Indirect Interest in 35 & 39 Lawton Street, New Rochelle, NY 11801 (Section: 1, Block: 229, Lots: 23 & 56) (The “Property”) Which is Owned by Renaissance Downtowns at Lawton LLC (“Borrower”).
• COLLATERAL TO BE SOLD: All right, title, and interest of Renaissance Downtowns Investors LLC (the “Pledgor”) in and to Renaissance Downtowns at Lawton LLC (the “Debtor”), comprising 100% of the membership interests in the Debtor (the “Collateral“).
• PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, by virtue of certain Event(s) of Default under that certain Pledge Agreement, dated as of August 22, 2018, by Renaissance Downtowns Investors, LLC, as Pledgor (“Pledgor”), to and in favor of Surf Asset Management LLC, as Lender (“Lender” or “Secured Party”), as amended by the Amended and Restated Pledge Agreement, dated as of June 30, 2023, by Pledgor to and in favor of Lender (collectively, the “Pledge Agreement”), executed and delivered by Pledgor, and in accordance with it rights as  the Secured Party, by virtue of possession of that certain Share Certificate held in accordance with Article 9 of the Uniform Commercial Code of the State of New York (the “Code”) and by virtue of that certain UCC-1 Filing Statement made in favor of Secured Party, all in accordance with Article 9 of the Code, Secured Party will offer for sale, at public auction, (i) all of Pledgor’s right, title, and interest in and to the following: Renaissance Downtowns At Lawton LLC (the “Pledged Entity”), and (ii) certain related rights and property relating thereto (collectively, (i) and (ii) are the “Collateral”). Secured Party’s understanding is that the principal asset of the Pledged Entity is that certain fee interest in real property commonly known as 35 & 39 Lawton Street, New Rochelle, NY 11801 (the “Property”).
• Maltz Auctions (“Maltz”), under the direction of Richard B. Maltz or David A. Constantino (the “Auctioneer”), will conduct a public sale consisting of the Collateral (as set forth in Schedule A in the Notice of Sale), via virtual bidding, on January 6, 2027 at 11:00 a.m., in satisfaction of an indebtedness in the approximate amount of $5,103,000.00, including principal plus interest, and reasonable fees and costs, plus default interest through January 6, 2027, subject to open charges and all additional costs, fees and disbursements permitted by law.  The Secured Party reserves the right to credit bid.
• Online bidding will be made available for pre-registered bidders via zoom.  A link to the auction will be emailed to qualified bidders 24 hours prior to commencement of the auction.
• Bidder Qualification Deadline: January 4, 2027 by 4:00 pm.  Executed Terms & Conditions of Sale along with a deposit in the amount of $250,000.00 to be submitted via wire transfer are required for consideration by any interested party and submitted directly to Maltz.

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