Angels Landing Partners
Big Banker reported March 17, 2018: "The Notice Of Trustee Sale on Sonora Shores was posted for foreclosure sale on April 3. The amount due is $14,386,901.90, cash or cashier's check. The Notice Of Trustee Sale was published in the Pacifica Tribune March 14, March 21, and March 28."
Big Banker reported March 5, 2018: "Sonora Shores luxury housing project on Fassler and Roberts Road has a 04-03-2018 foreclosure date. A Notice Of Sale has been recorded on the property."
Big Banker reported February 4, 2018: "On November 30, 2017, a Notice of Default was filed on Sonora Shores Harmony @ 1 project. This is the existing loan recorded April 30, 2014. The Trust Deed in the amount of $9,600,000 has swelled to $13,572,548.99. The loan was due to be paid in full by April 25, 2016."
Big Banker reported August 8, 2015: "As of the close of business Friday, August 28, there were no recorded liens or notice of default. First loan, $5 million. Second loan, $5.6 million. On February 17, 2015, a strange deed of trust was recorded by Sonora Shores in favor of Urban Land, a performance deed of trust, which normally means there is some kind of equity share agreement between Sonora Shores and Urban Land, a specific performance action that takes place when lots sell. The only items filed and recorded were the Declaration of Convents, Conditions, and Restrictions (CCR); and a subordination agreement on July 29, 2015 regarding the CCRs."
Click the Comments link below this post for the conversation thread on this controversial project that died on the hillside.
Bill Collins op-ed critiques Jefferson Union High School District campus weed abatement policy.
Is there a California Highway Patrol coverage gap or overlap at Devil's Slide? Coastsiders want to know if it's a no-man's land?
Best entertainment on the coast. World-class live music. Low prices. Free parking. Snacks and beverages. Mildred Owen Concert Hall (MOCHA), Sanchez Art Center, 1220 Linda Mar Boulevard, Pacifica.
Our friends and advertisers have generously supported us since our 2007 launch. You can help, too. We get a percentage when you click our sidebar ads and shop on the Amazon link. Your cash donations help defray our operating expenses: John Maybury, PO Box 334, Moss Beach, CA 94038. Shameless plug: Our friend John Keener, Pacifica City Council, says, "Thanks for maintaining the best blog in Pacifica."
Pacifica Mayor John Keener summarizes City Council meetings for Riptide. Click links below to read his notes.