PUBLIC NOTICE OF UCC ARTICLE 9...
PUBLIC NOTICE OF UCC ARTICLE 9...
PUBLIC NOTICE OF UCC ARTICLE 9 SALE
PLEASE TAKE NOTICE THAT pursuant to Section 5/9-610 of the Illinois Uniform Commercial Code (ILCS 5/9 § 9-610), the personal property described below (the “Collateralâ€) of Vrde Solutions, LLC (“Borrowerâ€) and Street Pulaski Street Lending, LLC (where applicable, “Co-Borrowerâ€) shall be sold at a public sale to the highest qualified bidder (the “Saleâ€). The Sale will take place on January 5, 2026 at 11:00 a.m. Central Standard Time at the offices of Thompson Court Reporters, 2021 Midwest Road, Suite 200, Oak Brook, Illinois 60523.
The Sale is being held to enforce the rights of Lamco Receivables Fund, LLC (“Secured Partyâ€) under various loan agreements and secured promissory notes, including (1) that certain First Amendment and Restated Commercial Promissory Note for Loan dated April 13, 2022 and related Promissory Note in the original principal amount of $700,000.00 under which Pulaski Street Lending, LLC is jointly liable as Co-Borrower (the “April 13, 2022 Loanâ€); (2) that certain Amended and Restated Commercial Loan Agreement dated December 1, 2023 and related promissory notes, which include (a) Promissory Note: CLA 1 dated May 6, 2022 in the original principal amount of $250,000.00, (b) Promissory Note: CLA 2 dated September 30, 2022 in the original principal amount of $1,082,000.00, (c) Promissory Note: CLA 3 dated November 7, 2022 in the original principal amount of $100,000.00, (d) Promissory Note: CLA 4 dated December 14, 2022 in the original principal amount of $115,000.00, (e) Promissory Note: CLA 5 dated January 5, 2023 in the original principal amount of $300,000.00, (f) Promissory Note: CLA 6 dated February 17, 2023 in the original principal amount of $120,000.00, (g) Promissory Note: CLA 7 dated February 27, 2023 in the original principal amount of $500,000.00, (h) Promissory Note: CLA 8 dated April 4, 2023 in the original principal amount of $ 250,000.00, (i) Promissory Note: CLA 9 dated May 1, 2023 in the original principal amount of $320,000.00, (j) Promissory Note: CLA 10 dated June 1, 2023 in the original principal amount of $350,000.00, (k) Promissory Note: CLA 11 dated July 1, 2023 in the original principal amount of $100,000.00, and (l) Promissory Note: CLA 12 dated October 12, 2023 in the original principal amount of $150,000.00 (collectively, the “December 1, 2023 Loansâ€); and (3) that certain Loan and Security Agreement dated March 19, 2024 and related Promissory Note: LAA 1 in the original principal amount of $165,000.00 (the “March 19, 2024 Loan†and together with the April 13, 2022 Loan and December 1, 2023 Loans, the “Loansâ€).
To prequalify to participate in the Sale as a bidder, to obtain additional information regarding the Collateral, or to obtain information regarding remote attendance, please contact Bart K. Larsen at blarsen@shea.law or (702) 255-0098.
The Collateral to be sold includes all of Borrower’s rights, title, and interests in the following, whether now owned or hereafter acquired, and wherever located: All Goods, Inventory, Equipment, Fixtures, Accounts, General Intangibles, Instruments, Chattel Paper, Documents, Commercial Tort Claims, Investment Property, Letter of Credit Rights, Deposit Accounts, and all money, and all other property now or at any time in the future in Secured Party’s possession (including claims and credit balances), and all proceeds (including proceeds of any insurance policies, proceeds of proceeds, and claims against third parties), all books and records related to the foregoing (collectively, the “Borrower Collateralâ€).
The Collateral also includes all of Co-Borrower’s rights, title, and interests in the following, whether now owned or hereafter acquired, and wherever located: All Goods, Inventory, Equipment, Fixtures, Accounts, General Intangibles, Instruments, Chattel Paper, Documents, Commercial Tort Claims, Investment Property, Letter of Credit Rights, Deposit Accounts, and all money, and all other property now or at any time in the future in Secured Party’s possession (including claims and credit balances), and all proceeds (including proceeds of any insurance policies, proceeds of proceeds, and claims against third parties), all books and records related to the foregoing (collectively, the “Co-Borrower Collateral†and together with the Borrower Collateral, the “Collateralâ€).
The Collateral will be sold on an “AS IS, WHERE IS†basis, with all defects, and without any warranty of quality, fitness, or merchantability of any kind. Prospective bidders are solely responsible for conducting their own investigation and due diligence regarding the Collateral at each such bidder’s sole cost and expense. Secured Party has limited information concerning the Collateral and makes no representation or warranty whatsoever as to anyaspect of the Collateral.
Secured Party currently contemplates conducting the Sale in two (2) parts. The Collateral to be included in each such Sale shall be as follows: the first Sale shall include all of the Borrower Collateral for which Secured Party reserves the right to credit bid the full outstanding balance of all indebtedness owed in connection the Loans; and the second Sale shall include all of the Co-Borrower Collateral for which Secured Party reserves the right to credit bid the full outstanding balance of all remaining indebtedness owed in connection with the April 13, 2022 Loan following the first Sale.
The Sale will be conducted in accordance with the relevant provisions of the Illinois Uniform Commercial Code. The winning bid must be paid by cashier’s check payable to the order of Lamco Receivables Fund, LLC or other immediately available funds with a minimum of twenty-five percent (25%) of the successful bid price paid at the time of Sale and the remaining balance paid within two (2) business days of the Sale. If the successful bidder fails to timely pay the full balance of the successful bid price, Secured Party may retain all amounts paid by the successful bidder and, at Secured Party’s option, sell to the next highest bidder.
Secured Party reserves the right: to withdraw any of the Collateral from the auction at any time and without notice; to postpone and re-notice the time and date of the auction by written or oral announcement; to make credit bids at the sale or any continuance thereof; and/or to sell the Collateral in separate sales other than as set forth herein.
Borrower has the right to redeem the Collateral at any time prior to its disposition through the Sale by paying Secured Party the full amount owed in connection with the Loans, including all unpaid principal, all accrued interest, all collection costs and attorneys’ fees, and all other amounts due and owing under the relevant loan documents. Borrower is entitled to an accounting of all amounts owed in connection with the Loan. To obtain such an accounting, please contact Bart K. Larsen at blarsen@shea.law or (702) 255-0098.
To the extent that the Sale generates proceeds in excess of Borrower’s indebtedness under the Loan, such excess proceeds will be remitted to Borrower in accordance with Section 5/9-615 of the Illinois Uniform Commercial Code. Secured Party reserves all of rights against Borrower for any and all deficiencies on the indebtedness owed in connection with the Loans that remain due to Secured Party after the Sale.
Published in Daily Herald Dec. 20, 22, 29, 2025 (316790), posted 12/20/2025
PUBLIC NOTICE OF UCC ARTICLE 9 SALE
PLEASE TAKE NOTICE THAT pursuant to Section 5/9-610 of the Illinois Uniform Commercial Code (ILCS 5/9 § 9-610), the personal property described below (the “Collateralâ€) of Vrde Solutions, LLC (“Borrowerâ€) and Street Pulaski Street Lending, LLC (where applicable, “Co-Borrowerâ€) shall be sold at a public sale to the highest qualified bidder (the “Saleâ€). The Sale will take place on January 5, 2026 at 11:00 a.m. Central Standard Time at the offices of Thompson Court Reporters, 2021 Midwest Road, Suite 200, Oak Brook, Illinois 60523.
The Sale is being held to enforce the rights of Lamco Receivables Fund, LLC (“Secured Partyâ€) under various loan agreements and secured promissory notes, including (1) that certain First Amendment and Restated Commercial Promissory Note for Loan dated April 13, 2022 and related Promissory Note in the original principal amount of $700,000.00 under which Pulaski Street Lending, LLC is jointly liable as Co-Borrower (the “April 13, 2022 Loanâ€); (2) that certain Amended and Restated Commercial Loan Agreement dated December 1, 2023 and related promissory notes, which include (a) Promissory Note: CLA 1 dated May 6, 2022 in the original principal amount of $250,000.00, (b) Promissory Note: CLA 2 dated September 30, 2022 in the original principal amount of $1,082,000.00, (c) Promissory Note: CLA 3 dated November 7, 2022 in the original principal amount of $100,000.00, (d) Promissory Note: CLA 4 dated December 14, 2022 in the original principal amount of $115,000.00, (e) Promissory Note: CLA 5 dated January 5, 2023 in the original principal amount of $300,000.00, (f) Promissory Note: CLA 6 dated February 17, 2023 in the original principal amount of $120,000.00, (g) Promissory Note: CLA 7 dated February 27, 2023 in the original principal amount of $500,000.00, (h) Promissory Note: CLA 8 dated April 4, 2023 in the original principal amount of $ 250,000.00, (i) Promissory Note: CLA 9 dated May 1, 2023 in the original principal amount of $320,000.00, (j) Promissory Note: CLA 10 dated June 1, 2023 in the original principal amount of $350,000.00, (k) Promissory Note: CLA 11 dated July 1, 2023 in the original principal amount of $100,000.00, and (l) Promissory Note: CLA 12 dated October 12, 2023 in the original principal amount of $150,000.00 (collectively, the “December 1, 2023 Loansâ€); and (3) that certain Loan and Security Agreement dated March 19, 2024 and related Promissory Note: LAA 1 in the original principal amount of $165,000.00 (the “March 19, 2024 Loan†and together with the April 13, 2022 Loan and December 1, 2023 Loans, the “Loansâ€).
To prequalify to participate in the Sale as a bidder, to obtain additional information regarding the Collateral, or to obtain information regarding remote attendance, please contact Bart K. Larsen at blarsen@shea.law or (702) 255-0098.
The Collateral to be sold includes all of Borrower’s rights, title, and interests in the following, whether now owned or hereafter acquired, and wherever located: All Goods, Inventory, Equipment, Fixtures, Accounts, General Intangibles, Instruments, Chattel Paper, Documents, Commercial Tort Claims, Investment Property, Letter of Credit Rights, Deposit Accounts, and all money, and all other property now or at any time in the future in Secured Party’s possession (including claims and credit balances), and all proceeds (including proceeds of any insurance policies, proceeds of proceeds, and claims against third parties), all books and records related to the foregoing (collectively, the “Borrower Collateralâ€).
The Collateral also includes all of Co-Borrower’s rights, title, and interests in the following, whether now owned or hereafter acquired, and wherever located: All Goods, Inventory, Equipment, Fixtures, Accounts, General Intangibles, Instruments, Chattel Paper, Documents, Commercial Tort Claims, Investment Property, Letter of Credit Rights, Deposit Accounts, and all money, and all other property now or at any time in the future in Secured Party’s possession (including claims and credit balances), and all proceeds (including proceeds of any insurance policies, proceeds of proceeds, and claims against third parties), all books and records related to the foregoing (collectively, the “Co-Borrower Collateral†and together with the Borrower Collateral, the “Collateralâ€).
The Collateral will be sold on an “AS IS, WHERE IS†basis, with all defects, and without any warranty of quality, fitness, or merchantability of any kind. Prospective bidders are solely responsible for conducting their own investigation and due diligence regarding the Collateral at each such bidder’s sole cost and expense. Secured Party has limited information concerning the Collateral and makes no representation or warranty whatsoever as to anyaspect of the Collateral.
Secured Party currently contemplates conducting the Sale in two (2) parts. The Collateral to be included in each such Sale shall be as follows: the first Sale shall include all of the Borrower Collateral for which Secured Party reserves the right to credit bid the full outstanding balance of all indebtedness owed in connection the Loans; and the second Sale shall include all of the Co-Borrower Collateral for which Secured Party reserves the right to credit bid the full outstanding balance of all remaining indebtedness owed in connection with the April 13, 2022 Loan following the first Sale.
The Sale will be conducted in accordance with the relevant provisions of the Illinois Uniform Commercial Code. The winning bid must be paid by cashier’s check payable to the order of Lamco Receivables Fund, LLC or other immediately available funds with a minimum of twenty-five percent (25%) of the successful bid price paid at the time of Sale and the remaining balance paid within two (2) business days of the Sale. If the successful bidder fails to timely pay the full balance of the successful bid price, Secured Party may retain all amounts paid by the successful bidder and, at Secured Party’s option, sell to the next highest bidder.
Secured Party reserves the right: to withdraw any of the Collateral from the auction at any time and without notice; to postpone and re-notice the time and date of the auction by written or oral announcement; to make credit bids at the sale or any continuance thereof; and/or to sell the Collateral in separate sales other than as set forth herein.
Borrower has the right to redeem the Collateral at any time prior to its disposition through the Sale by paying Secured Party the full amount owed in connection with the Loans, including all unpaid principal, all accrued interest, all collection costs and attorneys’ fees, and all other amounts due and owing under the relevant loan documents. Borrower is entitled to an accounting of all amounts owed in connection with the Loan. To obtain such an accounting, please contact Bart K. Larsen at blarsen@shea.law or (702) 255-0098.
To the extent that the Sale generates proceeds in excess of Borrower’s indebtedness under the Loan, such excess proceeds will be remitted to Borrower in accordance with Section 5/9-615 of the Illinois Uniform Commercial Code. Secured Party reserves all of rights against Borrower for any and all deficiencies on the indebtedness owed in connection with the Loans that remain due to Secured Party after the Sale.
Published in Daily Herald Dec. 20, 22, 29, 2025 (316790), posted 12/20/2025
Posted Online 4 weeks ago
