Tag: Aspen Park
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Star Village and Aspen Park Are Going to Auction. Here’s What It Means For Tenants
Rapid City SD – For the people who live at Star Village and Aspen Park, the bankruptcy deciding the future of their homes has mostly played out in a courtroom in West Palm Beach, Florida, about 1,800 miles away, in filings that run close to 100 pages apiece. The answers to the questions tenants actually…
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The Deal That Was Supposed to Save Star Village from Auction Appears to Have Collapsed
Rapid City SD – For most of September, the story on Star Village looked like this: a settlement with a judgment creditor had pulled the Rapid City trailer park out of a straightforward bank liquidation and retitled it into a new ownership entity, as part of a broader $66.5 million refinancing deal. A new filing…
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Rapid City Is Writing Off $33,840 in Past Due Tzadik Utility Debt Deemed Uncollectable
Rapid City SD – Tucked into a routine, $125,642.10 citywide utility write-off headed to the Rapid City Council on Oct. 5 is $33,840.53 in unpaid bills tied to Tzadik, the Florida-based landlord. The debt is spread across 93 individual line items in Appendix A to Resolution No. 2026-077, ranging from a 17-cent credit to a…
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Creditor Alejandro Arguelles and Gatoralex Consulting LLC Calls Tzadik Refinancing Deal an Insider Move
RAPID CITY, S.D. — A contested deal to refinance a South Dakota apartment portfolio tied to Tzadik principal Adam Hendry was pushed back to September, after a judgment creditor formally objected to the deal and a broker separately asked the court to resolve a related deadline question, at a hearing Monday before Judge Mindy A.…
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How Nectar, Inc. was Embedded in the Tzadik Collapse before a Rapid City Bankruptcy was even Filed
Rapid City SD – A complex web of corporate maneuvering is quietly determining the fate of Rapid City’s distressed apartment properties. As Tzadik Rapid City Portfolio I, LLC approaches a critical Aug. 31 bankruptcy hearing, a seemingly independent buyer has emerged to recapitalize the portfolio. But a paper trail — running from a press release…