NOTIFICATION OF DISPOSITION OF COLLATERAL BY PUBLIC SALE (Full Terms of Sale available upon request)
PLEASE TAKE NOTICE that, pursuant to the California Uniform Commercial Code (Cal. Com. Code § 9601 et seq. and § 9610) and by reason of continuing Events of Default under a Pledge and Security Agreement dated September 12, 2025, NANO BANC (“Secured Party”) will sell at public auction 100% of the general and limited partnership interests in PACIFICA GARDEN APTS., LP (the “Pledged Interests”), pledged by The Marcil Family Trust and Woodglen Apts., LLC. The Company’s principal asset is the multifamily property at 2833 N. Bristol Street, Santa Ana, CA (±244 units).
The sale will be held September 9, 2026 at 11:00 a.m. PT / 2:00 p.m. ET at the Orange County Superior Court, 700 Civic Center Drive West, Santa Ana, and via videoconference, in partial satisfaction of indebtedness of not less than $8,613,150.55 (as of June 30, 2026). The Interests are offered as a single lot, “AS IS, WHERE IS,” without warranties and subject to the Terms of Sale; Secured Party may credit bid, set a reserve and reject any bid. To bid, contact the Broker, Greg Corbin, Northgate Real Estate Group, (212) 369-1800, greg@northgatereg.com, and the Auctioneer, Mannion Auctions, LLC (Matthew D. Mannion, mdmannion@jpandr.com). Each bidder must qualify no later than five (5) business days before the sale by providing evidence of financial ability and a $500,000 deposit in immediately available funds.
This is a sale of the pledged equity interests only, not the real property; the interests remain subject to all liens and encumbrances.
Auction Date: Wednesday, September 9, 2026, at 11:00 a.m. Pacific / 2:00 p.m. Eastern