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.
Lassen High School Football Boosters plan to raise funds for Arnold Field
May 15 — The Lassen High School Football Boosters have come up with several fun and creative ways to raise funds for the renovation of Arnold Field. The boosters are offering students, athletes, alumni, local businesses and community organizations a way to permanently make their mark at Lassen High...Read More...
Grizzliette Show is a huge success
The Lassen High School drill team hits its final pose at the end of a routine during the annual Grizzliette Show Friday, May 3. The show featured routines the Grizzliettes have performed throughout the year. Photo by Maddie Musante May 14 — The Lassen High School drill team...Read More...
Lady Grizzlies win league championship
The Lassen High School varsity softball team stands together after winning the first game of its three-game series against Yreka High School. The Lady Grizzlies went on to beat Yreka in away game Thursday, May 9, clinching the league championship. Photo by Scott Nordstrom May 10...Read More...