We are offering a simple Security Agreement with a membership pledge and a UCC-1 filing which has an Article 9 foreclosure process unlike a Trust Deed does not require a Trust Deed cure period.
We believe this is a very secured position because you are on a equal par with our interest as owners that is highly protected.
If you understand this keep reading.
The owners (retired Seniors) are looking to borrow up to $500,000 in $200,000 entremets Bridge funding or loan in order to further retain a national Law firm to represent us.
American Life Capital LLC. (ALC), the owner of 90 acres in Malibu, California located on Trancus Canyon Road in Malibu, California about 1 mile up from Pacific Coast Hwy.
It's Residential with housing permits on three separate legal 30 +- acre parcels which is very unusual for 90 acres in Malibu .
Beautiful 180 degree ocean views. Just next to the former Nicolas Cage property.
It is free and clear with exception of a disputed $50,000 TD. and a ex-partner/lender who secured a temporary injunction in order to grab an illegal interest.
We have a firm take-out commitment from our lender in New York who is currently committed to fund $2.5 Million loan provided we clear title immediately.
Our lender believes the three parcels are now worth $30 Million or $10 Million a lot.
This $2.5 funding will pay off within 60 days your advances up to $500,000 requested through the filing a prepackage Bankruptcy to clear title.
This is through a superpriority loan which will include your pay off amount.
This Case has lingered in the State Courts for many years because of Covid and now there are still 400 cases ahead of ALC.
The solution according to our lawyers is to do a prepackaged Chapter 11 filing to clear title on this property will pay you off within a maximum of 60 days of filing from our Superpriority funding in the Bankruptcy Court.
This is a very common practice.
Or in lieu of lending you can choose an Investment course and we will give you the option to convert your funding into an investment after your loan is paid off w/o interest you can earn $100,000 for every $100,000 loaned or invested as a priority pay out.
Our goal is to attract qualified persons that would be interested in developing or selling this asset.
The real estate market is exploding in Malibu because of the stock market the wealthy investors are buying up Malibu.
AMERICAN LIFE CAPITAL (ALC)
Managing members are in their mid 80s and they live in Jackson Hole Wyoming and Idaho.
I live in Orange County, California. l'm 82 and have agreed to negotiate on my partners behalf.
We are not interested in dealing with local brokers in Malibu.
We are also looking for persons to sell or develop the property that we have owned for almost 20 years.
At our age, we just wish to liquidate it.
Thank you!
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