Tag: Tzadik Bankruptcy
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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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Adam Hendry’s Personal Bankruptcy Administrator Claims Tzadik Rushmore Hotel Filing Was used to Dodge Him
Rapid City SD – The man Adam Hendry’s own confirmed bankruptcy plan put in charge of selling his real estate empire is now telling a federal judge that Hendry used a separate bankruptcy filing to cut him out of the process — and one of the properties at issue is a Rapid City hotel in…
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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…
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Star Village Faces October Auction – If a Last Minute Deal Doesn’t Beat the Clock First
Rapid City SD – A joint motion now pending before a federal bankruptcy judge asks the court to send Star Village and Aspen Park to online auction in late October — but whether that auction ever happens may be decided a month earlier, and in a very different way. Merchants Bank of Indiana (MBI) and…
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Three Courtrooms, One Empire: Inside the Bankruptcy Fight Now Deciding the Fate of the Rushmore Hotel and an $86 Million Dollar Ranch in Pennington County
Rapid City SD — In the same week the city closed the book on 28 demolished garages at Star Village, the rest of Adam Hendry’s South Dakota real estate empire was quietly coming apart in a Florida bankruptcy court — on three separate fronts, all at once, all tied together by the same lender, the…