355 Unit Development Site
UCC Foreclosure Auction

Details:

• Indirect Interest in 900 North Rose Avenue A/K/A 812 West Oak Street, Kissimmee, FL 34741
• Upon completion, Noa will feature 355 units across four residential buildings and one amenity clubhouse. Buildings A & B will be comprised of 16 3-story, townhome style “live-work” units. The live-work units average ~2,646 SF, with ~800 SF designated as ground-floor commercial space. Buildings C & D will house 339 traditional multifamily units with studio to three-bedroom floorplans averaging ~851 SF. The traditional multifamily buildings will be three stories of stick build above 1- and 2-level parking garages, respectively, totaling ~479 spaces. The Property will feature a suite of amenities including a pool, fitness center, game room, community kitchen, and resident lounge. The property is located at 900 N Rose Avenue in Kissimmee, FL, approximately 22 miles south of downtown Orlando and within the Orlando MSA. The development site initially consisted of ~11 acres of former agricultural land. The site is located at the intersection of the John Young Parkway and the Irlo Bronson Memorial Highway, major thoroughfares in the area providing direct access to downtown Orlando and Walt Disney World, respectively. The Property is also a short distance from Interstate 4 which serves several major metropolitan areas. Downtown Kissimmee is known for its medical arts district and is anchored by two major hospitals, one of which, HCA Florida Osceola Hospital, is located directly adjacent to the property.
• 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 Ownership Interests Pledge and Security Agreement, dated as of November 20, 2025 (the “Pledge Agreement”), executed and delivered by NOA AL MEZZ LLC (the “Pledgor”), and in accordance with its rights as holder of the security, 812 WEST OAK STREET 2, LLC (the “Secured Party”), by virtue of possession of that certain Share Certificate held in accordance with Article 8 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) Pledgor’s 100% limited liability company interest in and to NOA AL HOLDCO 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 assets of the Pledged Entity is that certain real property commonly known as 812 West Oak Street, Kissimmee, FL (the “Property”).
• Maltz Auctions (“Maltz”), under the direction of Mark Lauro (the “Auctioneer”), licensed in the State of Florida (License #AU2348), will conduct a public sale consisting of the Collateral (as set forth in Schedule A below), via online bidding, on October 22, 2026 at 1:00PM, in satisfaction of an indebtedness in the approximate amount of $1,870,228.03, including principal, interest on principal, and reasonable fees and costs, plus default interest through October 22, 2026, 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.
• The Sale shall be subject to the existing senior mortgage loan with a payoff balance as of 10/31/2026 in the amount of $5,939,092.96 (calculated on 8/26/2026), and all related senior loan documents, and to all other liens, encumbrances, conditions, easements and restrictions of record affecting the Pledged Collateral and the Property.