Notice of Disposition of Collateral - Public Auction – UCC Sale

 

Notice is hereby given that, in accordance with applicable provisions of the Uniform Commercial Code as enacted in Delaware,  Yu Capital LLC (the “Lender”) under that certain Security and Pledge Agreement dated as of January 3, 2025 (the “Security Agreement”), executed by Guidepost A LLC (the “Grantor”) in favor of Lender, will offer for sale, at public auction, the Collateral (as defined below) pledged to it by the Grantor.  The public auction will be held at Jones Swenson Auctions, 1202 Lakeway Drive, Ste. 2, Austin, TX 78734 at 11:00 a.m. (prevailing local time) on April 29, 2025. The sale will be conducted by Jones Swenson Auctions, a licensed auctioneer. The Collateral will be sold to the to the highest qualified bidder; provided, however, that Lender reserves the right to cancel the sale in its entirety, or to adjourn the sale to a future date.

This sale is being held to enforce Lender’s rights in the Collateral following Grantor’s defaults under the applicable Loan Documents. The Collateral will be sold together in five (5) lots (described below), and there is no warranty or representations relating to title, possession, quiet enjoyment, merchantability, fitness, or the like in this disposition. The Lender reserves the right for itself and any assignee to bid (whether by cash and/or crediting some or all of the secured obligations) and to become the purchaser at the sale. Parties interested in bidding on the Collateral must contact the Auctioneer, Jones Swenson Auctions, Attn: W. Scott Swenson, CAI, GPPA, 2303 RR 620 S., Ste. 160-200, Austin, TX 78734, (512) 261-3838, scott@jonesswenson.com. Upon execution of a standard confidentiality and non-disclosure agreement, the Terms of Sale, bidding instructions and additional documentation will be available. Interested parties who do not contact the auctioneer prior to the sale and submit an opening bid on or before April 28, 2025 at 12:00 noon (prevailing local time) will not be permitted to bid at the auction.

The Collateral to be sold includes all fixtures and personal property of every kind and nature utilized for the operation of the following five (5) school businesses each of which will constitute a single lot:

• The school business known as the “Guidepost Montessori – Westlake Campus” and presently located at 4613-B Bee Caves Road, Westlake, Hills, TX 78746;

• The school business known as the “Guidepost Montessori – Brushy Creek Campus” and presently located at 3017 Polar Lane, Cedar Park, TX 78613;

• The school business known as the “Guidepost Montessori – Bee Cave Campus” and presently located at 14058 Bee Cave Parkway, Austin TX 78738;

• The school business known as the “Guidepost Montessori – Round Rock Campus” and presently located at 7210 Wyoming Springs Drive, Round Rock, TX 78681; and

• The school business known as the “Guidepost Montessori at Eldorado” and presently located at 7508 Eldorado Parkway, McKinney, TX 75070.

including all accounts, goods (including furniture, fixtures and equipment), documents (including, if applicable, electronic documents), instruments, promissory notes, chattel paper (whether tangible or electronic), letters of credit, letter-of-credit rights (whether or not the letter of credit is evidenced by a writing), general intangibles (including all payment intangibles), money, deposit accounts, and any other contract rights or rights to the payment of money.

Bids may be submitted either on a single lot or all the Collateral. Interested parties may not contact the schools or enter their property to gather information. This auction will not infringe on the ongoing operations of the respective schools.

_______________________________________________________________

Jones Swenson Auctions

Specializing in "Sold!" Since 1983

Austin / San Antonio: (512)261-3838       Dallas / Ft. Worth: (972)387-1110

Information via Email: Scott@JonesSwenson.com

W. Scott Swenson, CAI, GPPA - Texas Auctioneer License #7809

POSTED SOON