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 County provides vast opportunities for summer recreation
A professional wakeboarder performs a wild stunt on Emerson Lake in Susanville during last year’s Rock the Wake. This year the event will take place Saturday, June 22 and will feature more wakeboarders, more crazy stunts and one of the most impressive wakeboarding boats in existence. Lassen...Read More...
Renegades split with walk off win
Hunter Morris slides into second during the Susanville Renegades’ doubleheader against the Galena Silver Sox Saturday, June 8. The Renegades split with Galena, losing the first game, but winning the second. Photo by Maddie Musante June 17 — The Susanville Renegades baseball...Read More...
Major Division Red Sox win Tournament of Champions
The Major Division Red Sox defeated the Yankees Saturday, June 8 to win the Susanville Little League Tournament of Champions. The tournament is Susanville Little League’s end of the season tournament. The championship team and its coaches pose together with their trophies. The team is...Read More...