Public Sale Notices for Secured Collateral Under Delaware and New York Laws

By the Editorial Team · Wednesday, July 22, 2026

NewPoint JV Sub CB, LLC will hold a public auction on September 22, 2026, to sell 100% membership interests in AWAD Phase I, LLC and the Arya at Windermere property in Florida, both remotely and at the New York Supreme Court. This sale is part of broader efforts by secured parties to liquidate assets under financial restructuring, with strict bidding qualifications and potential sale conditions in place.

On September 22, 2026, at 11:00 a.m. Eastern Daylight Time, NewPoint JV Sub CB, LLC, acting as the secured party and successor to NewPoint JV LLC, will hold a public sale of certain assets tied to Arya Windermere Apartment Ventures, LLC. The auction will take place both remotely and in person at the top of the portico of the New York Supreme Court, located at 60 Centre Street, New York, New York 10007.

The assets offered include 100% membership interests in AWAD Phase I, LLC, as well as the associated real property known as “Arya at Windermere,” situated in Ocoee, Florida. The sale will be conducted on an “as is, where is” basis, without warranties or guarantees regarding merchantability or fitness. The secured party retains the right to reject bids, adjourn or terminate the sale, impose conditions, and credit bid any outstanding balances. Bidders must meet qualification requirements consistent with securities laws. Additional details and terms are available online and through representatives at Newmark.

Separately, on August 25, 2026, an auction is scheduled for the sale of secured promissory notes and related collateral belonging to Art Finance Funding (IX), LLC. This sale will be held at the New York office of Gibson, Dunn & Crutcher LLP and also accessible remotely via Zoom. The assets will be sold “as is, where is,” and prospective bidders must register and meet specific qualifications by notifying the secured party’s counsel. Further information regarding loan notes, payment, and bidding instructions has been provided by the firm.

Additional notices pertain to Hallmark Financial Services, Inc., which is currently engaged in prepackaged Chapter 11 bankruptcy proceedings. Sale notices related to collateral in that case have also been issued. Parties interested in these transactions are advised to review relevant filings carefully and adhere to court procedures regarding objections or participation in hearings.

These upcoming public sales reflect ongoing efforts by secured parties and creditors to liquidate collateral interests under Delaware and New York laws as part of broader financial restructuring and debt recovery processes.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.