From Hawaii Tribune Herald 09/11/24:
NOTICE OF FORECLOSURE SALE COURT ACTION: Nubridge Commercial Lending LLC vs. Hilo Plaza LLC, et. al., Civil No. 3CCV-23-000415, Third Circuit Court, State of Hawaii. DESCRIPTION: Lot: 0.2179 Acre (Approximately 9,493 sq. ft.) Building: HILO PLAZA BUILDING – COMMERCIAL C-3 (MAS) 3 Story Office Building Built 1967, Masonry Construction Floor 1 Area 8,896 sq. ft., Perimeter 404 sq. ft. Floor 2 Area 6,178 sq. ft., Perimeter 654 sq. ft. Floor 3 Area 6,178 sq. ft., Perimeter 654 sq. ft. LOCATION: 180 Kinoole Street Hilo, Hawaii 96720 TAX MAP KEY: (3) 2-3-013-001 ZONING: CDH (Downtown Hilo Commercial) OPEN HOUSE: Date: Saturday, September 28, 2024 Time: 8:00 a.m. to 12:00 p.m. Date: Sunday, September 29, 2024 Time: 8:00 a.m. to 12:00 p.m. AUCTION DATE: Date: Thursday, October 10, 2024 Time: 12:00 p.m., Noon, Place: Front Entrance to Hale Kaulike 777 Kilauea Avenue, Hilo, Hawaii TERMS OF SALE: The Property shall be sold at a public auction, without upset price. The amount of 10% of the bid price shall be paid down at the close of the auction in cash or cashier’s check. The balance must be paid concurrently with the delivery of the documents transferring title. The purchaser shall pay all costs and expenses of closing, including the costs of escrow, conveyance, recordation, conveyance taxes and all escrow and closing costs. The cost of drafting closing documents, transferring title of the Property to the Purchaser, notary fees, escrow fees, consent fees and title insurance shall be payable by the purchaser. The purchaser shall be responsible for securing purchaser’s possession to the Property. The sale shall not be final until approved by the Circuit Court of the Third Circuit, State of Hawaii. All parties appearing in the case Nubridge Commercial Lending LLC vs. Hilo Plaza LLC, et al., Civil No. 3CCV-23-000415 are authorized to be purchasers at said sale. If Plaintiff is the highest bidder, payment of the down payment and the balance of the sale price may be made by offset against the amount owed to the Plaintiff under the Loan Documents. The ten percent (10%) down payment requirement shall be offset as to Plaintiff, up to the amount of its secured indebtedness available to it out of the proceeds of sale, and the balance of the purchase price may be satisfied by way of offset up to the amount of said secured indebtedness which are payable and available out of the proceeds of sale. FOR MORE INFORMATION: Dwayne Stephen Lerma, Commissioner P. O. Box 130 Keaau, Hawaii 96749 Telephone No.: (808) 961-4484 (HTH1467502 9/11, 9/18, 9/25/24)
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