Thanks, Brent, for forwarding this.
According to the Court of Appeal decision, the following sub-paragraph is common to many CMBS Separateness Covenants: The borrower shall not,
“fail to remain solvent or pay its own liabilities (including, without
limitation, salaries of its own employees) only from its own funds;”
Fixer Properties or Conversions: Fractured Tracts, +/- 65 Finished Lots, etc.
LA, OC, SD, Apartments, 10 to 200 units, good area important
California, Distressed properties to be rehabed or rebuilt
Making Hard Money Loans on improved properties Nationwide.
Wanted – Apartments North Orange County (Buena Park, Anaheim, Fullerton) 18-22 units
Seapointe Capital – Commercial Lending including church properties and solar projects.