RE LOANS FILES FOR BANKRUPTCY PROTECTION

RE Loans filed for bankruptcy.  While this was inevitable, no doubt, it’s still a shock to the system.  Despite the fact that it’s our money, our lives and our futures, the real bankrupt entity is the Ng Family Dynasty.  They’re morally bankrupt.  They’re ethically bankrupt.  Yet they’re still out there doing business and tricking more suckers like us out of their hard-earned savings.

Maybe Led Zepplin said it best in “When the levee breaks”

If it keeps on rainin’, levee’s goin’ to break,
When The Levee Breaks I’ll have no place to stay.
Mean old levee taught me to weep and moan,
Got what it takes to make a mountain man leave his home

Equitatus posted the following a few minutes ago: Continue reading

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Open Forum on Large Loans

We have discussed many of the loans in the “portfolio”, but here are a few of the largest loans that we haven’t spent enough time dissecting.  If you have any information at all on the loans below, please feel free to share.  Also, please weigh in on which one of these loans you believe we should research next.

Loan No. Name Loan Amount % of Portfolio
R0122 Rancho Las Flores $55,241,524 8%
POO97 LochenHeath (Pinnacle Development) $45,324,121 7%
POO97 Georgetown (Pinnacle Development) $45,324,121 7%
A0111 Adams Canyon $40,026,027 6%
A0106 Aquaterra $38,500,000 6%
V0146-A Vantage Lofts $37,510,943 5%
H0118 Harmony Holdings $35,066,598 5%
L0366 Lakeview Homes $26,901,250 4%
C0406 Zohouri (2 properties) $25,836,768 4%
TO464 2718 Santa Rosa, LLC 1 $23,500,000 3%
T0466 2718 Santa Rosa, LLC 2 $23,439,240 3%
B0955 Bravo Marshall $22,443,032 3%
M0178 Moses Point $18,499,087 3%
W0435 Weyrich (3 properties) $16,548,743 2%