New owners consider continuing Dyer project
CMR represents a number of investors in the Dyer Mountain project, a proposed 6,700-acre four-season resort near Westwood.
A Delaware corporation named Dyer Holdings, LLC, now holds the fourth deed of trust for Dyer Mountain following a Sept. 3 foreclosure sale on the steps of the Lassen County Courthouse, according to an assignment of the deed of trust filed with the Lassen County Clerk’s Office on Friday, Sept. 12.
Frontier Ridge Global Fund, Ltd., a Cayman Island exempted company, “grants, assigns and transfers … all the undivided beneficial interest under that certain deed of trust executed by Dyer Mountain Associates, LLC, a California limited liability company as trustor to California Mortgage and Realty, Inc.,” to Dyer Holdings LLC, according to the assignment of deed of trust dated Wednesday, Sept. 3.
The original deed of trust was issued on Jan. 9, 2006 as document number 2006-00205, according to the county clerk’s record.
DMA failed to come up with a buyer for the property as prescribed during the company’s bankruptcy proceedings that began in March 2008.
According to court records in the bankruptcy proceeding, DMA owes approximately $51 million to its investors.
Lady Grizzlies celebrate a championship season
Miranda Langenhorst, back left, Mikailia Bustamante, Melica Woodhead, Dana Lovelace, Makenna Busse, Klari Scheff, bottom left, Hailey Hannah, Stevie Woodbury, Myeisha Shepard, Emilee Downing, Gabi Geoia and Jayde Hartzell pose together with the awards they were presented with at the Lassen High School...Read More...
Grizzlies soccer team plays tough, rain or shine
The Lassen High School boy’s soccer team is ready to give its opponents tough competition this year. The team is made up of Andy Wotjen, back left, Jon Langston, Cyrus White, Michael Pelfrey, Josh Schmidt, Jason Lilly, Jake Morgan, Jayce Gray, Carson Friedline, Garrison Collier, Jesus Garibo, Robert...Read More...
Sanctions upheld, Lassen College soccer cannot compete in playoffs
Dec. 2 — After a lengthy appeals process and a hugely successful soccer season, it turns out the Lassen Community College men’s and women’s soccer teams will not be allowed to compete in the playoffs. Lassen College has been appealing sanctions placed on the soccer program for competing in nontraditional...Read More...