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路1路 路all-upside-no-downside situation for the tenants
路2路 路here.路 They could get significant funds from this
路3路 路deficiency, or they could get information.路 But if
路4路 路they got nothing, they would have gotten nothing
路5路 路from their own suit, which they would have spent a
路6路 路whole lot more resources to get to, so we think
路7路 路that that is appropriate in that sense.
路8路 路 路 路 路 路 So that is where we are, Your Honor.路 We
路9路 路believe we have come up with a plan that benefits
10路 路everybody.路 We get to liquidate our collateral,
11路 路the purchaser gets the property.路 The City gets
12路 路hopefully a functioning tax-paying property, and
13路 路tenants get an easier path to a judgment against
14路 路their principal and a better likelihood of
15路 路collection, and that's why we would ask that the
16路 路proposed sale be approved.
17路 路 路 路 路 路 THE COURT:路 All right.路 Any other
18路 路comments on proposed sale?
19路 路 路 路 路 路 MR. NUNES:路 Seaview objects.路 That is our
20路 路only comment, Judge.
21路 路 路 路 路 路 THE COURT:路 All right.路 And I didn't ask
22路 路if there was any other evidence, but I -- I -- I
23路 路assume there wasn't.
24路 路 路 路 路 路 MR. NUNES:路 Seaview has no evidence, Your
25路 路Honor.
Case 25-23251-MEH Doc 36 Filed 12/30/25 Entered 12/30/25 17:29:32 Desc Main
Document Page 37 of 54
Transcript of Proceedings - December 03, 2025
Transcript of Proceedings - December 03, 2025
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