In Re: 2025-100844
TS No: 2025-100844 NOTICE OF TRUSTEE’S SALE OF COMMERCIAL LOAN PURSUANT TO THE REVISED CODE OF WASHINGTON CHAPTER 61.24 ET. SEQ. Grantor(s): YARETON HOTEL INVESTMENT HOLDINGS, L.L.C., a Delaware limited liability company Current beneficiary of the deed of trust: ACORE CAPITAL MORTGAGE, LP, a Delaware limited partnership, as Administrative Agent Current trustee of the deed of trust: Beacon Default Management, Inc., a Washington corporation Current mortgage servicer of the deed of trust: Acore Capital Mortgage, L.P., a Delaware limited partnership Reference number of the deed of trust: 202108260958 Parcel number(s): 201506-001-4 I. NOTICE IS HEREBY GIVEN that the undersigned Trustee will on 1/23/2026, at 10:00 AM at Outside the Second Floor Entry Plaza Outside the Pierce County Courthouse located at 930 Tacoma Avenue South, Tacoma, WA 98402 sell at public auction to the highest and best bidder, payable, in the form of cash, or cashier’s check or certified checks from federally or State chartered banks, at the time of sale the following described real property, situated in the County of Pierce, State of Washington, to-wit: Abbreviated Legal Description: Revised Parcel C, City of Tacoma Boundary Line Adjustment LU-17-0054, Recording No. 201706095001. SEE ATTACHED EXHIBIT “A” FOR LEGAL DESCRIPTION SEE ATTACHED EXHIBIT “B” FOR PERSONAL PROPERTY Property commonly known as: 1552 Broadway Tacoma, WA 98402 which is subject to that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated 8/26/2021, recorded 8/26/2021, under Auditor’s File No. 202108260958, in records of Pierce County, Washington, from YARETON HOTEL INVESTMENT HOLDINGS, L.L.C., a Delaware limited liability company, as Grantor(s), to Old Republic Title, LTD, as Trustee, to secure an obligation in favor of ACORE CAPITAL MORTGAGE, LP, a Delaware limited partnership, as Beneficiary. II. No action commenced by the Beneficiary of the Deed of Trust is now pending to seek satisfaction of the obligation in any Court by reason of the Borrower’s or Grantor’s default on the obligation secured by the Deed of Trust/Mortgage. III. The Beneficiary alleges that you are in default for the following: (i) Failure to pay the unpaid balance which became all due and payable on September 5, 2024; (ii) failure to purchase and deliver to Beneficiary an Interest Rate Protection Agreement; (iii) failure to deliver to Beneficiary on demand payment relating to Debt Service Reserve Funds; (iv) failure to pay interest and default interest; (v) failure to pay/reimburse Beneficiary for protective advances, attorney’s fees, and other expenses and costs of collection; and (vi) failure to pay/reimburse Beneficiary for trustee and foreclosure fees, costs, and expenses. PAYMENT INFORMATION: as of September 19, 2025
Principal Balance $32,977,251.84
Interest 10/5/2024 – 9/19/2025
$2,339,701.38
Default Interest 11/05/2024 –
9/19/2025
$1,308,291.22
Past Due Interest Earned on Principal Paydowns
$12,093.68
Late Payment Charge
$1,369,342.37
Exit Fee
$213,806.73
Legal Fees
$10,956.00
AOORE Processing Fee $2,500.00
Servicer Processing Fee
$500.00
Less Escrow/Reserves
$(30.00)
Forclosed Fees and Costs
$8,043.93
TOTAL: $38,242,457.15
IV. The sum owing on the obligation secured by the Deed of Trust is: The principal sum of $32,977,251.84, together with interest as provided in the Note from October 5, 2024, and such other costs and fees as are provided by statute. V. The above-described real property will be sold to satisfy the expense of sale and the obligation secured by the Deed of Trust as provided by statute. Said sale will be made without warranty, expressed or implied, regarding title, possession or encumbrances on 1/23/2026. The defaults referred to in Paragraph III must be cured by 1/12/2026, (11 days before the sale date) to cause a discontinuance of the sale. The sale will be discontinued and terminated if at any time before 1/12/2026 (11 days before the sale) the default as set forth in Paragraph III is cured and the Trustee’s fees and costs are paid. Payment must be in cash or with cashiers or certified checks from a state or federally chartered bank. The sale may be terminated any time after 1/12/2026 (11 days before the sale date) and before the sale, by the Borrower or Grantor or the Grantor’s successor interest or the holder of any recorded junior lien or encumbrance by paying the principal and interest secured by the Deed of Trust, plus costs, fees and advances, if any, made pursuant to the terms of the obligation and/or Deed of Trust and curing all other defaults. VI. A written Notice of Default was transmitted by the Beneficiary or Trustee to the Borrower and Grantor at the following address(es): SEE ATTACHED EXHIBIT “C” FOR LIST OF MAILINGS by both first class and certified mail on 7/22/2025, proof of which is in the possession of the Trustee; with said written Notice of Default or the written Notice of Default was posted in a conspicuous place on the real property described in Paragraph I above, and the Trustee has possession of proof of such service or posting. VII. The Trustee whose name and address are set forth below will provide in writing to anyone requesting it, a statement of all costs and fees due at any time prior to the sale. VIII. The effect of the sale will be to deprive the Grantor and all those who hold by, through or under the Grantor of all their interest in the above-described property. IX. Anyone having any objections to this sale on any grounds whatsoever will be afforded an opportunity to be heard as to those objections if they bring a lawsuit to restrain the sale pursuant to RCW 61.24.130. Failure to bring such a lawsuit may result in a waiver of any proper grounds for invalidating the Trustee’s sale. X. NOTICE TO GUARANTOR(S) – pursuant to RCW 61.24.042, notice is hereby given to the Guarantors of a commercial loan that (1) the Guarantor may be liable for a deficiency judgment to the extent the sale price obtained at the trustee’s sale is less than the debt secured by the Deed of Trust; (2) the Guarantor has the same rights to reinstate the debt, cure the default, or repay the debt as is given to the Grantor in order to avoid the trustee’s sale; (3) the Guarantor will have no right to redeem the property after the trustee’s sale; (4) subject to such longer periods as are provided in the Washington Deed of Trust Act, Chapter 61.24 RCW, any action brought to enforce a guarantee must be commenced within one year after the trustee’s sale, or the last trustee’s sale under any deed of trust granted to secure the same debt; and (5) in any action for a deficiency, the Guarantor will have the right to establish the fair value of the property as of the date of the trustee’s sale, less prior liens and encumbrances, and to limit its liability for a deficiency to the difference between the debt and the greater of such fair value or the sale price paid at the trustee’s sale, plus interest and costs. XI. NOTICE TO OCCUPANTS OR TENANTS – The purchaser at the trustee’s sale is entitled to possession of the property on the 20th day following the sale, as against the grantor under the Deed of Trust (the owner) and anyone having an interest junior to the Deed of Trust, including occupants who are not tenants. After the 20th day following the sale the purchaser has the right to evict occupants who are not tenants by summary proceedings under chapter 59.12 RCW. ? THIS IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. DATED: 9/19/2025 Beacon Default Management, Inc., a Washington corporation, as Successor Trustee Selina I. Parelskin, Authorized Signatory For additional information or service, you may contact: Beacon Default Management, Inc. 4201 Aurora Ave N, Suite 200 Seattle, WA 98103 Phone: (206) 347-1060 EXHIBIT “A” The land referred to is situated in the County of Pierce, City of Tacoma, State of Washington, and is described as follows: That portion of Lots 20 through 26, inclusive, Block 1506, NEW TACOMA, WASHINGTON TERRITORY, according to the plat filed for record February 3, 1875, in the Office of the Auditor, Pierce County, Washington; being more particularly described as follows: Beginning at the Southeast corner of said Lot 26; THENCE South 82°38’30” West along the South line thereof a distance of 119.58 feet to the Southwest corner of said Lot; THENCE N01ih 07°22’48” West along the Westerly line of said Block 1506 a distance of 186.32 feet; THENCE leaving said line, N01ih 82°40’38” East a distance of 93.78 feet; THENCE South 07°19’22” East a distance of 96.25 feet; THENCE N01ih 82°38’27” East a distance of 25.93 feet to the Easterly line of said Block; THENCE South 07°21’45” East along said line a distance of 90.01 feet to the Point of Beginning; (ALSO KNOWN AS Revised Parcel C of City of Tacoma Boundary Line Adjustment LU-17- 0054, recorded under Recording No. 201706095001, records of Pierce County, Washington.) SITUATE in the County of Pierce, State of Washington ? EXHIBIT “B” The term “Property” shall mean all of the following: (a) Adjacent Parcel. The real property described on Exhibit A attached hereto and made a part hereof (the “Adjacent Parcel”), and all additional lands, estates and development rights hereafter acquired by Trustor for use in connection with the Adjacent Parcel and all additional lands and estates therein which may, from time to time owned by Trustor; (b) Adjacent Parcel Improvements. The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Adjacent Parcel (collectively, the “Adjacent Parcel Improvements”); (c) Fixtures. All Equipment (as defined below) and other items attached to and/or related to the Adjacent Parcel and/or the Adjacent Parcel Improvements f01ming part of the Adjacent Property that are deemed “fixtures” and/or “real property” under the law of the state where the Adjacent Parcel is located ( including, without limitation, all building or construction materials intended for construction, alteration, or repair of the Adjacent Property) (collectively, the “Fixtures”); it being understood and agreed that the Adjacent Parcel Improvements and the Fixtures are part and parcel of the Adjacent Parcel appropriated to the use thereof and, whether affixed or annexed to the Adjacent Parcel or not, shall for the purposes of this Security Instrument be deemed conclusively to be real estate and encumbered hereby; (d) Easements. All easements, rights-of-way or use, rights, strips and gores of land, streets, ways, alleys, passages, sewer rights, water, water courses, water rights and powers, air rights and development rights, and all estates, rights, titles, interests, privileges, liberties, servitudes, tenements, hereditaments and appurtenances of any nature whatsoever, in any way now or hereafter belonging, relating or pertaining to the Adjacent Parcel and/or the Adjacent Parcel Improvements and the reversions and remainders, and all land lying in the bed of any street, road or avenue, opened or proposed, in front of or adjoining the Adjacent Parcel, to the center line thereof and all the estates, rights, titles, interests, dower and rights of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both at law and in equity, of Trustor of, in and to the Adjacent Parcel and the Adjacent Parcel Improvements and every part and parcel thereof, with the appurtenances thereto (collectively, the “Easements”); (e) Equipment. All “equipment” as such term is defined in the UCC (as hereinafter defined) used or installed (or intended to be used or installed) at or in connection with the Adjacent Parcel Improvements or the Adjacent Parcel (wherever located) (including, but not limited to, all machinery, equipment, furnishings, furniture, tools, appliances, fittings, apparatuses, engines, devices, pumps, pipes, plumbing, conduits, tanks, structures, and any and all systems and related items for cleaning, sprinklers, fire extinguishing, heating, cooling, ventilating, laundry, incinerating, electrical, lighting, sound, pollution control, security, disposal, sewer, utilities, data transmission, communications, paging, internet, television, and all other structures, together with all accessions, appurtenances, additions, replacements, betterments and substitutions for any of the foregoing (collectively, the “Equipment”); (f) UCC Collateral. All personal property, intangibles, general intangibles, documents, instruments, chattel paper, and accounts, as such terms are defined in the UCC (including, without limitation, all furniture, furnishings, objects of art, Equipment, supplies, contract rights, entitlements, the Clearing Account, the Cash Management Account, the Reserve Accounts (and any sums, cash, checks, drafts, securities, certificates and instruments, if any, from time to time deposited or held therein or credited thereto), money, accounts receivable, credit card receivables, franchises, licenses, certificates, permits, claims, suits, choses, approvals, plans, specifications, drawings, surveys, rep01is, trademarks, trade names, servicemarks, logos, copyrights, goodwill, books and records, any interest rate cap agreements or other interest rate hedging contracts or products, beds, bureaus, chiffonniers, chests, chairs, desks, lamps, mil1’ors, bookcases, tables, rugs, carpeting, drapes, draperies, curtains, shades, venetian blinds, screens, paintings, hangings, pictures, divans, couches, luggage carts, luggage racks, stools, sofas, chinaware, dishware, silverware, utensils, glassware, linens, pillows, blankets, foodcarts, cookware, dry cleaning facilities, dining room wagons, keys or other entry systems, bars, bar fixtures, mini-bars, liquor and other drink dispensers, icemakers, kitchen equipment, radios, television sets, potted plants, cutlery and dishes, food, beverages, reservation systems, and computer software), and any other prope1iy or rights constituting to the full extent that the same may be subject to the UCC, now or hereafter owned by Trustor, whether used in connection with or relating to the Adjacent Prope1iy or otherwise, together with all accessories, replacements and substitutions thereto (collectively, the “UCC Collateral”); (g) Leases and Rents. All Leases, together with all extensions and amendments thereto, all income, rents, fees, payments, revenues, issues profits, royalties bonuses and other amounts payable thereunder, all guaranties of the lessees’ obligations thereunder, all security deposits (whether in cash, letter of credit, securities or otherwise) provided in connection therewith, and all room rents, revenues, accounts and receivables derived from the use or occupancy of all or any p01iion of the Adjacent Parcel or Adjacent Parcel Improvements, credit card receivables and receipts collected from guest rooms, restaurants, bars, meeting rooms, banquet rooms and recreational facilities, all receivables, customer obligations, installment payment obligations and other obligations now existing or hereafter arising or created out of the sale, lease, sublease, license, concession or other grant of the right of the use and occupancy of property or rendering of services by Trustor or any operator or manager of the hotel or the commercial space located in the Adjacent Parcel Improvements or acquired from others (including, without limitation, from the rental of any office space, retail space, guest rooms or other space, halls, stores, and offices, and deposits securing reservations of such space), license, lease, sublease and concession fees and rentals, health club membership fees, food and beverage wholesale and retail sales (including mini bar revenues), service charges, vending machine sales and proceeds, if any, from business interruption or other loss of income insurance] (collectively, the “Rents”); (h) Condemnation Awards. All proceeds or awards in connection with any Condemnation which may heretofore and hereafter be made with respect to the Adjacent Property; (i) Insurance Proceeds. All proceeds and other payments payable under or in respect of any insurance policies covering or relating to the Adjacent Property; G) Tax Certiorari. All refunds, rebates or credits in connection with reduction in Property Taxes or any other charges or assessments levied against the Adjacent Property; (k) Conversion. All proceeds of the conversion, voluntary or involuntary, of any of the foregoing including, without limitation, insurance proceeds and awards, into cash or liquidation claims; (1) Rights. The right, in the name and on behalf of Trustor, to appear in and defend any action or proceeding brought with respect to the Adjacent Property and to commence any action or proceeding to protect the interest of Beneficiary and Lender in the Adjacent Property; (m) Proceeds. All “proceeds” as such term is defined in the UCC of any of the foregoing (collectively called the “Intangibles”); and (n) Other Rights. Any and all other rights of Trustor in and to the items set forth in Sections (a) through (m) above.
EXHIBIT “C”
NAME
ADDRESS
Chun Yang Chun Yang
c/o Yareton Investment & Management (WA) LLC
22406 Pacific Highway South
Des Moines, Washington 98198
Fiona Shing Tsui 909 2ND Ave N, Apt. 301
Seattle, WA 98109
Occupants/Tenants 1552 Broadway
Tacoma, WA 98402
Oseran Hahn Attention: Thomas Hansen, Esq.
929 – 108th Avenue NE
Suite 1200
Bellevue, Washington 98004
YARETON HOTEL INVESTMENT HOLDINGS, L.L.C., a Delaware limited liability company 1538 Commerce St
Tacoma, WA 98402
Yareton Hotel Investment Holdings, L.L.C., a Delaware limited liability company 1552 Broadway Tacoma, WA 98402-3305
Yareton Hotel Investment Holdings, L.L.C., a Delaware limited liability company 22406 Pacific Highway South
Des Moines, WA 98198
Yareton Hotel Investment Holdings, L.L.C., a Delaware limited liability company Attention: Albert Sze
22406 Pacific Highway South
Des Moines, WA 98198
Yareton Hotel Investment Holdings, L.L.C., a Delaware limited liability company Attention: Qiqi Chen
22406 Pacific Highway South
Des Moines, WA 98198
Yareton Hotel Investment Holdings, L.L.C., a Delaware limited liability company
Thomas M. Hansen
OSERAN HAHN PS 929-108th Avenue N.E. Ste. 1200
Bellevue, WA 9804
Yareton Investment & Management (Tacoma), L.L.C., a Washington limited liability company
Thomas M. Hansen
OSERAN HAHN PS 929-108th Avenue N.E., STE 1200
Bellevue, WA 98004
IDX-1024096
December 19, 2025, January 9, 2026
