NOTICE OF PUBLIC SALE
Pursuant to the Uniform Commercial Code, notice is given that on Wednesday, January 7, 2026, at Noon Eastern Time at the offices of Lowndes, Drosdick, Doster, Kantor & Reed, P.A., 215 N. Eola Drive, Orlando, Florida 32801 and virtually, that secured party, Thorofare REIT V CNB, LLC (as successor-in-interest to Thorofare Asset Based Lending REIT Fund V, LLC, a Delaware limited liability company) (“Lender”), will offer AS IS WHERE IS at public sale the following personal property, to-wit:
One hundred percent (100%) of the membership interests in Lakeshore 2426 LLC, a Florida limited liability company, now held by Heyme Bleier and Pinchos D. Shemano, respectively, as the same may be evidenced by that certain Certificate of Limited Liability Company Interests in Lakeshore 2426 LLC (Certificate Number 001 as to a 70% Interest), Certificate of Limited Liability Company Interests in Lakeshore 2426 LLC (Certificate Number 002 as to a 30% Interest), the Limited Liability Company Agreement of Lakeshore 2426 LLC, and the books and records of Lakeshore 2426 LLC
at public outcry to the highest bidder. All of the foregoing will be sold as single item and not in lots. There is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition. Secured Party reserves the right to credit bid.
Lender is the owner and holder of that certain Promissory Note in the principal amount of $797,000.00 (the “Note”) made by Lakeshore 2426 LLC, a Florida limited liability company (“Borrower”) to Lender; that certain Loan Agreement dated as of December 28, 2023, between Borrower and Lender (the “Loan Agreement”); and that certain Pledge and Security Agreement dated December 28, 2023, made by Heyme Bleier and Pinchos D. Shemano to and in favor of Lender (the “Security Agreements”). The loan evidenced by the foregoing documents was made by Lender in the ordinary course of business and with a good faith expectation that the loan would be repaid rather than necessitating a foreclosure sale of the property pledged as collateral. However, a default has occurred under the Note, Loan Agreement, and Security Agreements and written demand has been made, which demand has not been cured.
The property being sold is not registered under the Securities Act of 1933 or under the securities or blue-sky laws of any state. Any purchaser shall be deemed to represent that: (i) the property purchased is with investment intent for purchaser’s own account and not with a view to resale or distribution thereof; (ii) the property purchased will not be resold unless the resale is registered or exempt under the Securities Act of 1933 or under any applicable securities or blue-sky laws of any state; (iii) the purchaser has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the risks and merits of the purchase; and (iv) the purchaser has sufficient financial means to afford the risk of purchasing the property. Based on the foregoing, Secured Party reasonably believes that no such registration is required for this sale.
Proceeds of sale will be applied in the manner as required by the Uniform Commercial Code.
Additional information regarding the property being sold and information on how to register for the auction will be provided upon request to any prospective purchaser by contacting Brock Cannon of Newmark at brock.cannon@nmrk.com or Lender’s counsel, Michael S. Provenzale, Esquire, at phone number 407-418-6294 or email michael.provenzale@lowndes-law.com.
Dated this 3rd day of November, 2025.
/s/ Michael S. Provenzale, Florida Bar No. 0056834, Lowndes, Drosdick, Doster, Kantor & Reed, P.A., 215 North Eola Drive, Orlando, Florida 32801, Telephone: (407) 843-4600, Telecopier: (407) 843-4444, michael.provenzale@lowndes-law.com, Attorneys for Secured Party
c: Westerman Ball Ederer Miller Zucker & Sharfstein, LLP, 1201 RXR Plaza, Uniondale, NY 11556, Phone: (516) 622-9200, Ext.: 358, Attention: Jeffrey Miller, Esq., Email: jmiller@westermanllp.com