HIghtower Development Judicial Live Auction

Description

Judicial LIVE Auction
Monday August 26,2024 at 10:00 EST

“Pursuant to § 679.610, Florida Statutes, in Hightower Development LLC vs Strata/The Vue Satellite Beach, LLC, Case No. 05-2024-CA-031768-XXCA-BC, Circuit Court of the Eighteenth Judicial Circuit in and for Brevard County, Florida.
PLEASE TAKE NOTICE that Ewald Auctions, Inc., as auctioneer, will conduct an in-person public auction of a membership interest in Sat Beach Condo Holdings, LLC, a Florida limited liability company (the “Company”), including a 40% economic interest in the Company’s profits and a 50% voting interest in the matters that come before the members thereof. Auction begins Monday, August 26, 2024, at 10:00 AM (EDT). Contact Robert Ewald for further details at bob@ewaldauctions.com or 407.275.6853.”

Property to Be Sold:
The "Property" is a membership interest in Sat Beach Condo Holdings, LLC, a Florida limited liability company (the "Company*), including a 40% economic interest in the
Company's profits and a 50% voting interest in the matters that come before the members thereof, and such other rights and obligations as set forth in the Company's Amended and Restated Operating Agreement, dated March 28, 2023. The Company has three (3)
wholly owned subsidiaries (collectively, the "Subsidiaries"), Sat Beach Condo I, LLC, a Florida limited liability company, Sat Beach Condo II, LLC, a Florida limited liability company, and Sat Beach Condo III, LLC, a Florida limited liability company. The Subsidiaries own the parcels of real property described below, subject to all easements, restrictions, mortgages and other encumbrances and matters of record in the Public Records of Brevard County, Florida. Excluding accounts payable, accrued interest, late fees and other short-term obligations incurred in the course of the Company's and the Subsidiaries' business, the Company and the Subsidiaries are indebted to third parties in the aggregate principal amount of $12,413,212.22.

Sat Beach Condo I, LC - Brevard County Tax Parcel ID: 26-37-26-04-*-2
Sat Beach Condo II, LLC - Brevard County Tax Parcel ID: 26-37-26-04-*-3
Sat Beach Condo III, LLC - Brevard County Tax Parcel ID: 26-37-26-04-*-4

Please see the visit our website at www.Ewaldauctions.com or call the Auctioneer, Robert Ewald for complete information and documentation.
 

Terms

Summary of Terms and Conditions for Notice Purposes.

• Everything sells to the Highest Bidder, Regardless of Price!
• Everything 'AS IS, WHERE IS’ basis with NO warranties of any kind, express, implied, or otherwise.
• To be able to register to bid, the buyer will wire funds in the amount of $100,000, which will become a non-refundable deposit in the event that they are the successful bidder at the auction. No bids will be permitted until the deposit is received in our escrow account.
• Balance of payment will be due in Full on Tuesday, August 27th by 5p.m. EST.
• Payment by wire transfer ONLY.
• Contact Auction Company for Escrow Account wiring instructions.
• Final Judgment Holder has the right to bid and will be bidding on these items.
• Final Judgment Holder will not be required to submit a deposit to participate.
• Any inquiries should be directed to the Ewald Auctions at 407-275-6853 or bob@ewaldauctions.com.
• We make every effort to represent the items accurately with descriptions and photos to determine condition, age, authenticity or any other determining factors. Please read the descriptions thoroughly and review the photos in order to gain as much knowledge as possible before placing a bid. The information in the description was written to the best of our knowledge. Any defects or damage that we know of, is stated in the description and in the pictures whenever possible. If you would like additional information or would like to schedule an inspection, please contact the auction company at least two days prior to the auction to make appropriate arrangements. We will do the best we can to accommodate your request. Buyer is responsible to inspect and/or investigate the current condition of all items through personal inspection and/or careful review of the description, pictures, video and/or written documentation.
• Bidders are strongly advised to ask any questions regarding any items, the auction process and bidding process prior to placing any bids.