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| LEISURE LAKES |
HOME |
| EVERGREEN LAND & DEVELOPMENT |
UPDATE |
| Partnership Formed: |
#1 Leisure Lakes, Ltd. (1/12/01) |
| Loan Status: |
REO |
| Borrower / Developer: |
Evergreen Land and Development, L.L.C. |
| Develop / Project Stage: |
Unknown |
| Project Name: |
Evergreen/Leisure Lakes Land Development |
| Property Address: |
Unknown |
| Guarantor: |
Troy Nelson and Mark D. Young |
| Loan Funding Term: |
360 months, loan maturity - 9/10/2028 |
| Original Loan Amount: |
$2,630,000.00 15% (September 10, 1998) |
| Principal Balance: |
$2,590,000.00 |
| Stage Funding Due: |
None |
| Title of Property: |
Evergreen Land and Development, L.L.C. |
| Lien: |
Unknown |
| Advances by Premiere: |
$833,214.53 |
| Exit Strategy: |
Unknown |
| General Partner: |
L & W, GP, LLC - David Lapin and Jeff Wigginton |
| Loan Maintenance by: |
M$M Money Mortgage, Ltd. |
| Description of Prop: |
32.2995 acre tract of land out of Lots 3-10, Block 1, League City Orange Groves Subdivision in Galveston County, Texas. Partnership in litigation. |
Photo of Property, if available:
Notice: The information contained in this summary has been acquired by several sources; there are no warranties expressed or implied as to its accuracy and completeness. All information should be independently verified. Nothing contained on this site should be construed as legal advice. If you have legal issues, you should consult an attorney.
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