#United States #San Antonio #Devils River Distillery #LSD Lending LLC #Texas Auction

LSD Lending LLC to Auction Personal Property

LSD Lending LLC, a Texas-based limited liability company, is set to conduct a public auction for the personal property of Devils River Holdings LLC and Devils River Distillery, LLC on May 5, 2025. This public sale is in accordance with Section 9-610 of the Uniform Commercial Code (UCC), and aims to foreclose on the security interest held by LSD Lending in the personal assets of the two companies.

The event will be held at 12:00 p.m. Central Daylight Time and will be conducted telephonically. Interested parties, identified as potential bidders, must adhere to certain criteria to participate. These include submitting a signed confidentiality agreement, providing recent financial statements, and ensuring that they possess the financial capacity to bid.

The assets up for auction include a broad range of items categorized under ‘Public Sale Collateral.’ This includes:

• - Accounts receivable, cash deposits, and other financial accounts.
• - Inventory including whiskey, spirits, barrels, and related products.
• - Furniture, Fixtures, and Equipment (FFE) needed for operation.
• - Intangibles, such as intellectual property, proprietary yeast strains, and recipe rights for various whiskey types.

The terms of the auction stipulate that all assets will be sold ‘as is’ and ‘where is.’ There are no warranties or guarantees implied regarding the quality or usability of the items sold. This includes a disclaimer regarding title, possession, or any proprietary rights whatsoever. Additionally, certain collateral, specifically furniture, fixtures, and equipment located at 401 East Houston Street in San Antonio, Texas, will be subject to a statutory lien.

Qualified bidders will receive a telephonic access number and passcode to take part in the auction. At the conclusion of the sale, winning bidders will need to facilitate the payment immediately through a wire transfer. LSD Lending reserves the right to reject any bids, as well as the right to adjourn or cancel the sale if necessary.

For those interested in participating, further details including confidentiality agreements and purchasing forms can be obtained by contacting Isaac J. Brown via email at [email protected] or calling (214) 740-4037. This auction represents a significant opportunity for both investors and bidders interested in acquiring unique assets from the spirits industry in Texas.

The decision to proceed with this auction reflects broader trends in the spirits market and offers a transparent process for potential bidders. The involvement of LSD Lending LLC indicates a well-regulated approach to asset liquidation, ensuring all transactions are compliant with state laws. Therefore, May 5 could be a pivotal day for both local bourbon enthusiasts and serious investors alike, as they vie for a chance to own a piece of the Devils River legacy.