UCC Public Sale Notice

Please take notice that Jones Lang LaSalle Americas, Inc. ("JLL"), on behalf of Cirrus Real Estate Funding LLC ("Secured Party"), as agent for Cirrus 340BB Lender LLC ("Lender"), offers for sale at public auction on December 17, 2024 at 10 a.m. (New York City Time), in person at the Offices of Pryor Cashman LLP (7 Times Square, 40th Floor, New York, New York and 255 Alhambra Circle, 8th Floor, Miami, Florida) and via Zoom or a similar video conferencing program selected by Secured Party, in connection with a Uniform Commercial Code sale of collateral pledged to Secured Party by BH Downtown Miami, LLC ("Debtor") to secure a loan in the original principal amount of $70,000,000.00 made by Lender to 340 Biscayne Owner LLC ("Borrower"), the collateral (the "Collateral") being more particularly defined and described in that certain Pledge and Security Agreement dated as of April 24, 2023 made by Debtor for the benefit of Secured Party, as agent for Lender. The Collateral includes all of Debtor's right, title and interest in and to all limited liability company interests in Borrower. Debtor is the owner of 100% of the limited liability company interests in Borrower. Borrower is the owner of the real property located at 340 Biscayne Boulevard, Miami, Florida (the "Underlying Property"). The auction shall not include the Underlying Property itself.

The Collateral is being offered "as-is, where-is", with no express or implied warranties, representations, statements or conditions of any kind made by Secured Party, Lender or any person acting for or on behalf of Secured Party or Lender, and without any recourse whatsoever to Secured Party, Lender or any other person acting for or on behalf of Secured Party or Lender.

Secured Party reserves the right to credit bid, set a minimum reserve price, reject any or all bids (including without limitation any bid that it deems to have been made by a bidder that is unable to satisfy the requirements imposed by Secured Party upon prospective bidders in connection with the sale or to whom in Secured Party's sole judgment a sale may not lawfully be made), 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, and the successful bidder must be prepared to comply with the bidding requirements. Further information concerning the bidding requirements, the Collateral and the applicable terms of and conditions of sale can be found at www.340BiscayneBlvdUCCSale.com. Brett Rosenberg 212 812 5926; Brett.Rosenberg@jll.com.

IPL0206270

Nov 28 2024