UCC Public Auction - Bahama Bay II Development, LLC
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UCC Public Auction - Bahama Bay II Development, LLC

Have any questions about this auction? Contact Lamar Fisher, CEO, at 754.220.4113 or Email Lamar@fisherauction.com

THE OVERVIEW

Fisher Auction Company is pleased to present the Investment Opportunity in the UCC Sale of Bahama Bay II Development LLC’s 100% Membership Interest in BB2 Development Holdings, LLC, a Delaware Limited Liability Company.

The Collateral

A. Bahama Bay II Development LLC’s (“Pledgor”) 100% membership interest in BB2 Development Holdings, LLC, a Delaware limited liability company (the “Borrower”), together with the certificates (if any) evidencing the same (the “Pledged Interests”);

B. all ownership interests, management rights, membership interests, shares, securities, moneys, instruments or property representing a dividend, a distribution or return of capital upon or in respect of the Pledged Interests, or otherwise received in exchange therefor, and any warrants, rights or options issued to the holders of, or otherwise in respect of, the Pledged Interests;

C. all rights of Pledgor under the Relevant Documents (as defined below) or any other agreement or instrument relating to the Pledged Interests, including, without limitation, (i) all rights of Pledgor to receive moneys or distributions with respect to the Pledged Interests due and to become due under or pursuant to the Relevant Documents, (ii) all rights of Pledgor to receive proceeds of any indemnity, warranty or guaranty with respect to the Pledged Interests, (iii) all claims of Pledgor for damages arising out of or for breach of or default under a Relevant Document, and (iv) any right of Pledgor to perform thereunder and to compel performance and otherwise exercise all rights and remedies thereunder; and

D. all proceeds of and to any of the property of Pledgor described in clauses (a) through (c) above and, to the extent documenting any property described in said clauses or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

E. BB2 Development Holdings, LLC, a Delaware limited liability company’s ownership of a 162 Unit Multifamily Development.

The Real Property Collateral Highlights

  • 162 Units in a Multifamily Garden/Low Rise Development

  • Prime Location in Davenport, Florida, just minutes to Disney World and Area Attractions, 1 hour from Tampa, and just 40 minutes from Downtown Orlando

  • Renovations and Façade Improvements took place in 2018-2019

  • Easy Access to I-4, Florida’s Turnpike and Orlando International Airport

  • Close Proximity to Fine Dining, Shopping, Education and Healthcare Facilities

  • 12 Residential Buildings and 1 Pool House

  • Located in strong MSA with above average employment and lower than average unemployment statistics

  • Ample Surface Parking totaling 245 Spaces with 12 ADA

  • Project Amenities include a Swimming Pool

  • Existing Fire Sprinkler System and Smoke Alarms

 

For More Information Please Email - info@fisherauction.com

Details

THE OVERVIEW

Fisher Auction Company is pleased to present the Investment Opportunity in the UCC Sale of Bahama Bay II Development LLC’s 100% Membership Interest in BB2 Development Holdings, LLC, a Delaware Limited Liability Company.

The Collateral

A. Bahama Bay II Development LLC’s (“Pledgor”) 100% membership interest in BB2 Development Holdings, LLC, a Delaware limited liability company (the “Borrower”), together with the certificates (if any) evidencing the same (the “Pledged Interests”);

B. all ownership interests, management rights, membership interests, shares, securities, moneys, instruments or property representing a dividend, a distribution or return of capital upon or in respect of the Pledged Interests, or otherwise received in exchange therefor, and any warrants, rights or options issued to the holders of, or otherwise in respect of, the Pledged Interests;

C. all rights of Pledgor under the Relevant Documents (as defined below) or any other agreement or instrument relating to the Pledged Interests, including, without limitation, (i) all rights of Pledgor to receive moneys or distributions with respect to the Pledged Interests due and to become due under or pursuant to the Relevant Documents, (ii) all rights of Pledgor to receive proceeds of any indemnity, warranty or guaranty with respect to the Pledged Interests, (iii) all claims of Pledgor for damages arising out of or for breach of or default under a Relevant Document, and (iv) any right of Pledgor to perform thereunder and to compel performance and otherwise exercise all rights and remedies thereunder; and

D. all proceeds of and to any of the property of Pledgor described in clauses (a) through (c) above and, to the extent documenting any property described in said clauses or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

E. BB2 Development Holdings, LLC, a Delaware limited liability company’s ownership of a 162 Unit Multifamily Development.

The Real Property Collateral Highlights

  • 162 Units in a Multifamily Garden/Low Rise Development

  • Prime Location in Davenport, Florida, just minutes to Disney World and Area Attractions, 1 hour from Tampa, and just 40 minutes from Downtown Orlando

  • Renovations and Façade Improvements took place in 2018-2019

  • Easy Access to I-4, Florida’s Turnpike and Orlando International Airport

  • Close Proximity to Fine Dining, Shopping, Education and Healthcare Facilities

  • 12 Residential Buildings and 1 Pool House

  • Located in strong MSA with above average employment and lower than average unemployment statistics

  • Ample Surface Parking totaling 245 Spaces with 12 ADA

  • Project Amenities include a Swimming Pool

  • Existing Fire Sprinkler System and Smoke Alarms

 

For More Information Please Email - info@fisherauction.com