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| TIMMONS
LENDING |
HOME |
| AMAR AMANCHARLA & ROSE
LAKES, LTD (update 8/9/08) |
UPDATE |
| Partnership Formed: |
Timmons Lending Group, LP 6/18/2001 (7324617) EIN 68-0505885 |
| Loan Status: |
Suit has been settled. |
| Borrower / Developer: |
Rose Lakes, Ltd., Amar Amancharla, Rosenburg, Texas |
| Develop / Project Stage: |
None |
| Project Name: |
Rose Lake Estates |
| Property Address: |
FM 2977 near Rice Rd. |
| Guarantor: |
Amar Amancharla |
| Loan Funding Term: |
36 months |
| Original Loan Amount: |
$6,500,000 |
| Principal Balance: |
$0 |
| Stage Funding Due: |
None |
| Title of Property: |
Rose Lakes, Ltd. |
| Lien: |
First |
| Advances by Premiere: |
None |
| Exit Strategy: |
Sale of lots |
| General Partner: |
Jefferson Advisors GP, LLC |
| Loan Maintenance by: |
Jefferson Advisors GP, LLC |
| Description of Prop: |
3/3/07 The suit has been settled.
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6/25/07 The property is now being marketed for sale.
8/9/08 The City of Rosenburg is proposing the purchase of approximately 50 arcres for detention purposes. The partnership is negotiating with Rosenburg at this time on the issues. Once this is worked out, then the property can be more accurately represented as to the amount of land for sale for a future development.
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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