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OFFERING MEMORANDUM
BANKRUPTCY AUCTIONThe Cedar Funding Estate
57 REAL ESTATE PROPERTIES
WILL BE SOLD AT ANY PRICE
BIDS DUE BY: MAY 6, 2015
PAGE | 2 800.784.5884 x6241 | braunworldbid.com world bid by
THIS IS OFFERING MEMORANDUM intended solely for the parties interested in the estate. This memorandum contains information pertaining to the Seller, Cedar Funding Inc., Chapter 7 Bankruptcy Trustee of the Cedar Funding Estate (“Seller”) and has been prepared by BRAUN, Inc. (“BRAUN”). Although representatives of the Seller have reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the Seller, nor any of its members, officers, directors, attorneys, employees or agents, nor BRAUN, nor Broker, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The Seller, BRAUN and Broker disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited by BRAUN. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property. This memorandum shall not be deemed an indication of the state of affairs of the Seller or constitute an indication that there has been no change in the business or affairs of the Seller since the date of preparation of this memorandum. Neither the Seller, Broker nor BRAUN undertakes any obligation to provide additional information or to correct or update any of the information contained in this confidential memorandum. The Buyer will assume any past due property tax liability. Each group of properties will be sold in bulk, buyers may buy a single group or multiple groups.
OFFERING MEMORANDUM
1230 Rosecrans Ave. Suite 160 | Manhattan Beach, CA 90266 | fax 310.798.3123Los Angeles | San Francisco | New York | Chicago | Cleveland | Miami
800.784.5884 x6241 | braunworldbid.com
BRE #01912556
section 2 Description of Real Estate
section 3 Property Description
section 4 Information
section 1 Table of Contents
Tabl
e of
Con
tent
s
1. 47208 Arroyo Seco Rd., Greenfield, CA 93925 (1 property)
2. 16 Vista Ladera, Carmel Valley, CA (1 property)
3. Lot 55 Las Lomas Rd, Watsonville, CA 95076 (2 properties)
4. Parcels 1 & 2 Sage Creek, St. Helena, CA (1 property)
5. Hillcrest, Spring & Patricia Road, Orinda, CA 94563 (12 properties)
6. Garces Way, Highway, Delano, CA 93216 (3 properties)
7. 8360 Kellwood Court, Elk Grove, CA 95758 (1 property)
8. Vacant Lot, Oroville, CA 95965 (1 property)
9. Vacant Lot*, Oroville, CA 95965 (1 property)
10. Desert Hot Springs, CA 92240 (1 property)
11. Vacant Lots, Sun City, CA 92102 | (Cathedral City, CA 92234) (18 properties)
12. Vacant Lots, Sun City, CA 92102 (15 properties)
800.784.5884 x6241 | braunworldbid.com
TABLE OF CONTENTS
CEDAR FUNDING REAL PROPERTY ASSETS THIS IS A LIST OF ENTITIES.
Des
crip
tion
ofRe
al E
stat
e
PAGE | 5 800.784.5884 x6241 | braunworldbid.com world bid by
CEDAR FUNDING ASSETS LIST
1 4519 419-371-018 47208 Arroyo Seco Rd. Greenfield, CA 93925 Monterey $37,623.23 $37.623.23 First $182,000
2 4928 187-111-028 16 Vista Ladera Carmel Valley, CA Monterey $97,253.37 $97,253.37
3 5211 119-281-002119-251-013
Lot 55 Las Lomas RdLot 55 Las Lomas Rd Watsonville, CA 95076 Monterey $20,197.31
$17,354.13 $37,551.44 First $661,500
4 5033 032-460-005 Parcels 1 & 2 Sage Creek St Helena, CA Napa $95,992.04 $95,992.04 First $2,506,684
5 5112
273-100-024273-100-025273-100-026273-100-027273-100-031273-100-040273-100-041273-100-042273-100-043273-100-044273-100-045273-100-046
Hillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia Rd
Orlinda, CA 94563 Contra Costa
$17,324.87$16,369.92$27,979.22$18,691.80
$179,942.58$16,369.92$16,369.92$16,369.92$16,759.35$24,065.89$25,859.44$26,036.16
$402,138.99 First $2,174,251
6 5152422-085-03-00-4422-085-01-00-8422-085-02-00-1
20 Garces Highway10 Garces Highway16 Garces Highway
Delano, CA 93216 Kern$19,367.15$19,367.15$19,366.20
$58,100.50 First $198,750
7 5543 122-0770-019-000 8360 Kellwood Court Elk Grove, CA 95758 Sacramento $9,790.87 $11,351.63 First $675,000
8 5177 078-110-039-000 Vacant Lot Oroville, CA 95965 Butte $51,125.91 $51,125.91 First $351,000
9 5198 031-140-132
Vacant LotOriginal Parcel 031-140-074 was
divided into three parcels; the other two (ending 131, 133 were sold and no longer owned by Van
Zile) 15036.26
Oroville, CA 95965 Butte $9,350.67 $9,350.67 First $224,000
GROUPCEDAR
FUNDING LOAN NO.
APN NUMBERPROPERTY STREET
ADDRESSPROPERTY CITY COUNTY DELINQUENT
TAX NOTICE TOTAL TAX CFI MORTGAGE POSITION
CFI LOAN BALANCE
(ORIGINAL)
THERE ARE A TOTAL OF 57 PROPERTIES. THERE ARE 12 GROUPS. EACH GROUP WILL BE SOLD IN BULK.
Des
crip
tion
ofRe
al E
stat
e
PAGE | 6 800.784.5884 x6241 | braunworldbid.com world bid by
10 5467 664140019-3 Desert Hot Springs, CA 92240 Riverside $55,210.22 $55,210.22 First $514,500
11 5216
333-121-012-8333-121-013-9333-121-014-0333-121-016-2333-121-017-3333-122-001-1333-122-012-1333-122-013-2333-122-015-4333-122-018-7333-122-017-6333-122-019-8333-122-020-8333-122-022-0333-122-023-1333-141-019-7333-141-023-0333-141-040-5
Vacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant Lots
Sun City, CA 92102(Cathedral City, CA 92234) Riverside
$6,116.75$6,116.72$6,116.72$6,115.60$6,116.72$5,508.62$6,116.72$6,116.72$6,115.60$6,115.60$6,116.72$6,115.60$6,116.72$6,115.60$6,116.72$6,115.60$6,115.60
$10,566.94
$113,935.27 First $2,500,000
12 5356
333-121-004-1333-121-018-4333-121-019-5333-121-020-5333-121-021-6333-121-022-7333-121-023-8333-122-002-2333-122-003-3333-122-004-4333-122-005-5333-141-012-0333-141-041-6333-141-042-7333-141-013-1
Vacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant Lots
Sun City, CA 92102 Riverside
$7,344.60$7,878.25$7,700.39$7,700.39$7,398.93$7,398.93$7,398.93$7,856.03$7,476.75$7,398.93$7,700.39$7,998.31
$15,354.87$15,354.87$7,998.31
$129,958.88 First $1,100.00
CEDAR FUNDING ASSETS LIST (CONTD.)
GROUPCEDAR
FUNDING LOAN NO.
APN NUMBERPROPERTY STREET
ADDRESSPROPERTY CITY COUNTY DELINQUENT
TAX NOTICE TOTAL TAX CFI MORTGAGE POSITION
CFI LOAN BALANCE
(ORIGINAL)
PAGE | 7 800.784.5884 x6241 | braunworldbid.com world bid by
1) 47208 ARROYO SECO RD., GREENFIELD, CA 93925
ASSESSOR’S PARCEL NUMBER (APN): 419-371-018
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 4519
■■ Property County: Monterey
■■ APN: 419-371-018
■■ Property Street Address: 47208 Arroyo Seco Rd.
■■ Assessed Value: $209,024
■■ Lot Size: 40.02 AC
■■ Zoning:
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original): $182,000
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
1) 4
7208
ARR
OYO
SEC
O D
R., G
REEN
FIEL
D, C
A 93
925
PAGE | 8 800.784.5884 x6241 | braunworldbid.com world bid by
1) 47208 ARROYO SECO RD., GREENFIELD, CA 93925 (CONTD.)
PLAT MAPS: ASSESSOR’S PARCEL NUMBER (APN): 419-371-018
1) 4
7208
ARR
OYO
SEC
O D
R., G
REEN
FIEL
D, C
A 93
925
PAGE | 9 800.784.5884 x6241 | braunworldbid.com world bid by
2) 1
6 VI
STA
LAD
ERA,
CAR
MEL
VAL
LEY,
CA
2) 16 VISTA LADERA, CARMEL VALLEY, CA
ASSESSOR’S PARCEL NUMBER (APN): 187-111-028
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 4928
■■ Property County: Monterey
■■ APN: 187-111-028
■■ Property Street Address: 16 Vista Ladera
■■ Assessed Value: $421,196
■■ Lot Size: N/A
■■ Zoning:
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original):
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 10 800.784.5884 x6241 | braunworldbid.com world bid by
2) 16 VISTA LADERA, CARMEL VALLEY, CA (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 187-111-028
2) 1
6 VI
STA
LAD
ERA,
CAR
MEL
VAL
LEY,
CA
PAGE | 11 800.784.5884 x6241 | braunworldbid.com world bid by
3) LO
T 55
LAS
LOM
AS R
D., W
ATSO
NVI
LLE,
CA
9507
6
3) LOT 55 LAS LOMAS RD., WATSONVILLE, CA 95076
ASSESSOR’S PARCEL NUMBER (APN): 119-281-002, 119-251-013
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5211
■■ Property County: Monterey
■■ APN: 119-281-002 | Assessed Value: $89,503 | Lot Size: 6.5 AC
■■ APN: 119-251-013 | Assessed Value: $42,119 | Lot Size: 1.08 AC
■■ Property Street Address: Lot 55 Las Lomas Rd
■■ Zoning:
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original): $2,506,684
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 12 800.784.5884 x6241 | braunworldbid.com world bid by
3) LOT 55 LAS LOMAS RD., WATSONVILLE, CA 95076 (CONTD.)
PLAT MAPS: ASSESSOR’S PARCEL NUMBER (APN): 119-281-002, 119-251-013
3) LO
T 55
LAS
LOM
AS R
D., W
ATSO
NVI
LLE,
CA
9507
6
PAGE | 13 800.784.5884 x6241 | braunworldbid.com world bid by
4) P
ARCE
LS 1
& 2
SAG
E CR
EEK,
ST.
HEL
ENA,
CA
4) PARCELS 1 & 2 SAGE CREEK, ST. HELENA, CA
ASSESSOR’S PARCEL NUMBER (APN): 032-460-005
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5033
■■ Property County: Napa
■■ APN: 032-460-005
■■ Property Street Address: Parcels 1 & 2 Sage Creek
■■ Assessed Value: $115,000
■■ Lot Size: 67.54 AC
■■ Zoning:
■■ Use Code: Agricultural-Unimproved Vacant Land
■■ CFI Loan Balance (Original): $2,506,684
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 14 800.784.5884 x6241 | braunworldbid.com world bid by
4) PARCELS 1 & 2 SAGE CREEK, ST. HELENA, CA (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 032-460-005
4) P
ARCE
LS 1
& 2
SAG
E CR
EEK,
ST.
HEL
ENA,
CA
PAGE | 15 800.784.5884 x6241 | braunworldbid.com world bid by
5) H
ILLC
REST
, SPR
ING
& P
ATRI
CIA
ROAD
, ORI
ND
A, C
A 94
563
5) HILLCREST, SPRING & PATRICIA ROAD, ORINDA, CA 94563
ASSESSOR’S PARCEL NUMBER (APN): 032-460-005, 273-100-024, 273-100-025, 273-100-026, 273-100-027, 273-100-031, 273-100-040, 273-100-041, 273-100-042, 273-100-043, 273-100-044, 273-100-045, 273-100-046
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5112
■■ Property County: Contra Costa
■■ APN: 273-100-024 | Assessed Value: $67,449 | Lot Size: 9,100 SF
■■ APN: 273-100-025 | Assessed Value: $44,965 | Lot Size: 5,000 SF
■■ APN: 273-100-026 | Assessed Value: $157,387 | Lot Size: 33,900 SF
■■ APN: 273-100-027 | Assessed Value: $67,449 | Lot Size: 13,900 SF
■■ APN: 273-100-031 | Assessed Value: $180,000 | Lot Size: 18,300 SF
■■ APN: 273-100-040 | Assessed Value: $44,965 | Lot Size: 6,340 SF
■■ APN: 273-100-041 | Assessed Value: $44,965 | Lot Size: 6,800 SF
■■ APN: 273-100-042 | Assessed Value: $44,965 | Lot Size: 7,000 SF
■■ APN: 273-100-043 | Assessed Value: $44,965 | Lot Size: 8,240 SF
■■ APN: 273-100-044 | Assessed Value: $44,965 | Lot Size: 5,780 SF
■■ APN: 273-100-045 | Assessed Value: $44,965 | Lot Size: 6,600 SF
■■ APN: 273-100-046 | Assessed Value: $44,965 | Lot Size: 8,850 SF
■■ Property Street Address: Hillcrest, Spring & Patricia Road
■■ Zoning:
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original): $2,174,251
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 16 800.784.5884 x6241 | braunworldbid.com world bid by
5) HILLCREST, SPRING & PATRICIA ROAD, ORINDA, CA 94563 (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 032-460-005, 273-100-024, 273-100-025, 273-100-026, 273-100-027, 273-100-031, 273-100-040, 273-100-041, 273-100-042, 273-100-043, 273-100-044, 273-100-045, 273-100-046
5) H
ILLC
REST
, SPR
ING
& P
ATRI
CIA
ROAD
, ORI
ND
A, C
A 94
563
PAGE | 17 800.784.5884 x6241 | braunworldbid.com world bid by
6) G
ARCE
S H
IGH
WAY
, DEL
ANO
, CA
9321
6
6) GARCES HIGHWAY, DELANO, CA 93216
ASSESSOR’S PARCEL NUMBER (APN): 422-085-03-00-4, 422,085-01-00-8, 422-085-02-00-1
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5152
■■ Property County: Kern
■■ APN: 422-085-03-00-4 | Assessed Value: $92,860 | Lot Size: 6,098 SF
■■ APN: 422-085-01-00-8 | Assessed Value: $92,860 | Lot Size: 6,534 SF
■■ APN: 422-085-02-00-1 | Assessed Value: $92,860 | Lot Size: 6,098 SF
■■ Property Street Address: 20 Garces Way, HIGHWAY
■■ 10 Garces Way, HIGHWAY
■■ 16 Garces Way, HIGHWAY
■■ Zoning:
■■ Use Code: Commercial-Vacant Land
■■ CFI Loan Balance (Original): $198,750
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 18 800.784.5884 x6241 | braunworldbid.com world bid by
6) GARCES HIGHWAY, DELANO, CA 93216 (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 422-085-03-00-4, 422,085-01-00-8, 422-085-02-00-1
6) G
ARCE
S H
IGH
WAY
, DEL
ANO
, CA
9321
6
PAGE | 19 800.784.5884 x6241 | braunworldbid.com world bid by
7) 8
360
KELL
WO
OD
CO
URT
, ELK
GRO
VE, C
A 95
758
7) 8360 KELLWOOD COURT, ELK GROVE, CA 95758
ASSESSOR’S PARCEL NUMBER (APN): 122-0770-019-000
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5543
■■ Property County: Sacramento
■■ APN: 122-0770-019-000
■■ Property Street Address: 8360 Kellwood Court
■■ Assessed Value: $40,160
■■ Lot Size: 10,524 SF
■■ Zoning:
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original): $675,000
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 20 800.784.5884 x6241 | braunworldbid.com world bid by
7) 8360 KELLWOOD COURT, ELK GROVE, CA 95758 (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 122-0770-019-000
7) 8
360
KELL
WO
OD
CO
URT
, ELK
GRO
VE, C
A 95
758
PAGE | 21 800.784.5884 x6241 | braunworldbid.com world bid by
8) V
ACAN
T LO
T, O
ROVI
LLE,
CA
9596
5
8) VACANT LOT, OROVILLE, CA 95965
ASSESSOR’S PARCEL NUMBER (APN): 078-110-039-000
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5177
■■ Property County: Butte
■■ APN: 078-110-039-000
■■ Property Street Address: Vacant Lot
■■ Assessed Value: $155,000
■■ Lot Size: 19.43 AC
■■ Zoning: R3
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original): $351,000
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 22 800.784.5884 x6241 | braunworldbid.com world bid by
8) VACANT LOT, OROVILLE, CA 95965 (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 078-110-039-000
8) V
ACAN
T LO
T, O
ROVI
LLE,
CA
9596
5
PAGE | 23 800.784.5884 x6241 | braunworldbid.com world bid by
9) V
ACAN
T LO
T, O
ROVI
LLE,
CA
9596
5
9) VACANT LOT, OROVILLE, CA 95965
ASSESSOR’S PARCEL NUMBER (APN): 031-140-132
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5198
■■ Property County: Butte
■■ APN: 031-140-132
■■ Property Street Address: Vacant Lot
■■ Assessed Value: $25,000
■■ Lot Size: 18,730 SF
■■ Zoning:
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original): $224,000
■■ Note: Original Parcel 031-140-074 was divided into three parcels the other
two (ending 131, 133 were sold and no longer owned by Van Zile)15036.26
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 24 800.784.5884 x6241 | braunworldbid.com world bid by
9) VACANT LOT, OROVILLE, CA 95965 (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 031-140-132
9) V
ACAN
T LO
T, O
ROVI
LLE,
CA
9596
5
PAGE | 25 800.784.5884 x6241 | braunworldbid.com world bid by
10) D
ESER
T H
OT
SPRI
NG
S, C
A 92
240
10) DESERT HOT SPRINGS, CA 92240
ASSESSOR’S PARCEL NUMBER (APN): 664-140-019-3
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5467
■■ Property County: Riverside
■■ APN: 664-140-019-3
■■ Property Street Address: Vacant Lot
■■ Assessed Value: $332,075
■■ Lot Size: 4.4 AC
■■ Zoning:
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original): $514,500
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 26 800.784.5884 x6241 | braunworldbid.com world bid by
10) DESERT HOT SPRINGS, CA 92240 (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 664-140-019-3
10) D
ESER
T H
OT
SPRI
NG
S, C
A 92
240
PAGE | 27 800.784.5884 x6241 | braunworldbid.com world bid by
11) V
ACAN
T LO
TS, S
UN
CIT
Y, CA
921
02 |
CAT
HED
RAL C
ITY,
CA 9
2234
11) VACANT LOTS, SUN CITY, CA 92102 | CATHEDRAL CITY, CA 92234
ASSESSOR’S PARCEL NUMBER (APN): 333-121-012-8, 333-121-013-9, 333-121-014-0, 333-121-016-2, 333-121-017-3, 333-122-001-1, 333-122-012-1, 333-122-013-2, 333-122-015-4, 333-122-018-7, 333-122-017-6, 333-122-019-8, 333-122-020-8, 333-122-022-0, 333-122-023-1, 333-141-019-7, 333-141-023-0, 333-141-040-5
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5216
■■ Property County: Sun City, CA 92102, (Cathedral City, CA 92234)
■■ APN: 333-121-012-8 | Assessed Value: $35,111 | Lot Size: 8,276 SF
■■ APN: 333-121-013-9 | Assessed Value: $35,111 | Lot Size: 7,841 SF
■■ APN: 333-121-014-0 | Assessed Value: $35,111 | Lot Size: 7,841 SF
■■ APN: 333-121-016-2 | Assessed Value: $35,111 | Lot Size: 3,920 SF
■■ APN: 333-121-017-3 | Assessed Value: $35,111 | Lot Size: 7,841 SF
■■ APN: 333-122-001-1 | Assessed Value: $35,111 | Lot Size: 4,792 SF
■■ APN: 333-122-012-1 | Assessed Value: $35,111 | Lot Size: 7,841 SF
■■ APN: 333-122-013-2 | Assessed Value: $35,111 | Lot Size: 7,841 SF
■■ APN: 333-122-015-4 | Assessed Value: $35,111 | Lot Size: 4,356 SF
■■ APN: 333-122-018-7 | Assessed Value: $ 35,111 | Lot Size: 3,920 SF
■■ APN: 333-122-017-6 | Assessed Value: $35,111 | Lot Size: 7,841 SF
■■ APN: 333-122-019-8 | Assessed Value: $35,111 | Lot Size: 3,920 SF
■■ APN: 333-122-020-8 | Assessed Value: $35,111 | Lot Size: 3,920 SF
■■ APN: 333-122-022-0 | Assessed Value: $35,111 | Lot Size: 3,920 SF
■■ APN: 333-122-023-1 | Assessed Value: $35,111 | Lot Size: 7,841 SF
■■ APN: 333-141-019-7 | Assessed Value: $35,111 | Lot Size: 3,920 SF
■■ APN: 333-141-023-0 | Assessed Value: $35,111 | Lot Size: 3,290 SF
■■ APN: 333-141-040-5 | Assessed Value: $35,111 | Lot Size: 7,840 SF
■■ Property Street Address: Vacant Lots
■■ Zoning:
■■ Use Code: Residential-Vacant Land
■■ CFI Loan Balance (Original): $2,500,000
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
PAGE | 28 800.784.5884 x6241 | braunworldbid.com world bid by
11) V
ACAN
T LO
TS, S
UN
CIT
Y, CA
921
02 |
CAT
HED
RAL C
ITY,
CA 9
2234
11) VACANT LOTS, SUN CITY, CA 92102 | CATHEDRAL CITY, CA 92234 (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 333-121-012-8, 333-121-013-9, 333-121-014-0, 333-121-016-2, 333-121-017-3, 333-122-001-1, 333-122-012-1, 333-122-013-2, 333-122-015-4, 333-122-018-7, 333-122-017-6, 333-122-019-8, 333-122-020-8, 333-122-022-0, 333-122-023-1, 333-141-019-7, 333-141-023-0, 333-141-040-5
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12) VACANT LOTS, SUN CITY, CA 92102
ASSESSOR’S PARCEL NUMBER (APN): 333-121-004-1, 333-121-018-4, 333-121-019-5, 333-121-020-5, 333-121-021-6, 333-121-022-7, 333-121-023-8, 333-122-002-2, 333-122-003-3, 333-122-004-4, 333-122-005-5, 333-141-012-0, 333-141-041-6, 333-141-042-7, 333-141-013-1
■■ Owner: Cedar Funding, Inc.
■■ Original Loan Number: 5356
■■ Property County: Sun City, CA 92102
■■ APN: 333-121-004-1| Assessed Value: $49,179 | Lot Size: 7,841 SF
■■ APN: 333-121-018-4 | Assessed Value: $49,179 | Lot Size: 7,841 SF
■■ APN: 333-121-019-5 | Assessed Value: $49,179 | Lot Size: 7,841 SF
■■ APN: 333-121-020-5 | Assessed Value: $49,179 | Lot Size: 8,276 SF
■■ APN: 333-121-021-6 | Assessed Value: $49, 179 | Lot Size: 8,276 SF
■■ APN: 333-121-022-7 | Assessed Value: $49,179 | Lot Size: 8,276 SF
■■ APN: 333-121-023-8 | Assessed Value: $49,179 | Lot Size: 8,276 SF
■■ APN: 333-122-002-2 | Assessed Value: $49,179 | Lot Size: 3,290 SF
■■ APN: 333-122-003-3 | Assessed Value: $49,179 | Lot Size: 3,290 SF
■■ APN: 333-122-004-4 | Assessed Value: $49,179 | Lot Size: 7,841 SF
■■ APN: 333-122-005-5 | Assessed Value: $49,179 | Lot Size: 7,841 SF
■■ APN: 333-141-012-0 | Assessed Value: $49,179 | Lot Size: 3,920 SF
■■ APN: 333-141-041-6 | Assessed Value: $98,361 | Lot Size: 7,840 SF
■■ APN: 333-141-042-7 | Assessed Value: $98,361 | Lot Size: 7,840 SF
■■ APN: 333-141-013-1 | Assessed Value: $49,179 | Lot Size: 3,290 SF
■■ Property Street Address: Vacant Lots
■■ Zoning:
■■ Use Code: Vacant Land (General), Residential-Vacant Land
■■ CFI Loan Balance (Original): $1,100,000
* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price
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12) VACANT LOTS, SUN CITY, CA 92102 (CONTD.)
PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 333-121-004-1, 333-121-018-4, 333-121-019-5, 333-121-020-5, 333-121-021-6, 333-121-022-7, 333-121-023-8, 333-122-002-2, 333-122-003-3, 333-122-004-4, 333-122-005-5, 333-141-012-0, 333-141-041-6, 333-141-042-7, 333-141-013-1
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REGISTRATION INSTRUCTIONS FOR EACH PROPERTY
IN ORDER TO BID, YOU MUST SUBMIT YOUR SEALED BID AUCTION OFFER AND REGISTRATION DEPOSIT ON OR BEFORE BUT NO LATER THAN MAY 06, 2015 AT 12 PM PT. Please call us at 310.798.3123 to confirm that we’ve received your Registration Form and Deposit.
AUCTION INFORMATION
HOW TO BID
BRAUN WorldBid Auction Platform: This auction platform has a two-tiered bidding process. Tier One: Bidders must submit their qualified bid on or before May 06, 2015. Bidders who submit a bid within the top 33% of the bids received will be authorized to enter the second tier of bidding. BRAUN will notify the successful bidders who have qualified for the second tier-final round of bidding within 24 hours. Tier Two: The second tier bidders will have 24 hours to submit their “Highest and Best” Sealed Bid on the purchase contract.
This is an absolute auction. The real estate assets will be sold to the highest bidder. First round bids are due no later than May 06, 2015 at 12 PM PT.
■■ Email: [email protected]■■ Fax: 310.798.8883■■ Mail: BRAUN Inc., 1230 Rosecrans Ave., Suite 160, Manhattan Beach, CA
90266. Attention: Cedar Funding Assets Auction
REGISTRATION DEPOSIT
A $5,000 registration deposit for each property or partnership that you intend to bid on must be received by BRAUN no later than May 06, 2015 at noon PT. To submit your deposit via cashier’s check or wire transfer to BRAUN, see below.
CASHIER’S CHECKS
Mail your $5,000 cashier’s check, payable to Fidelity Title & Escrow, to BRAUN, 1230 Rosecrans Ave., Suite 160, Manhattan Beach, CA 90266. Attention: Cedar Funding Assets Auction OR WIRE TRANSFER: Wire your $5,000 deposit
to BRAUN Broker Trust Account. (Please contact us for any further wiring information) Reference: Cedar Funding Assets Auction
BUYERS PREMIUM
A 10% Buyers Premium will be added to your bid. Please see the purchase contract information.
BUYER BROKER PARTICIPATION
A two percent (2.0%) commission will be paid to any licensed agent who represents and registers a successful buyer. The Broker registration form must be received by May 05, 2015 at 12pm PT to receive the commission.
INFORMATION
The information is a complete compilation of documents, forms, reports, and title information related to property and partnership interests in our virtual data room. A confidential agreement must be executed prior to BRAUN providing access to the data room.
PROPERTY PREVIEW
You may view the property at any time.
BIDDING
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TIMELINE
DUE DILIGENCE: March 01, 2015 to May 06, 2015You may view the real estate at any time. Assets information is available for review on our virtual database.
COMPLETE YOUR DUE DILIGENCE: By May 06, 2015
After visiting the real estate or reviewing the due diligence documents.
REAL ESTATE BROKER REGISTRATION: May 05, 2015Broker Registration forms can be found on www.braunworldbid.com, and must be submitted to us by
May 05, 2015 at 12 pm PT via mail or fax 310.798.8883.
SEALED BID FORM & DEPOSIT DUE: May 06, 2015 12 PM PTMail your sealed bid form registration deposit of $5,000 to arrive on or before May 06, 2015 at noon PT.
Fax forms to 310.798.8883
AUCTION DATE: Bids are due on or before May 06, 2015 at 12 PM PT. Court confirmation will occur thereafter.
CLOSING DATE: No later than 30 days after court confirmation.
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DISCLAIMER: BRAUN is the auctioning agent on behalf of the U.S. bankruptcy Court Trustee. THE PROPERTY IS SOLD “AS-IS” – NO CONTINGENCIES OF ANY KIND, INCLUDING BUT NOT LIMITED TO INSPECTIONS OR FINANCING (THE PROPERTY WILL BE SOLD WITH CLEAR TITLE). THE PARTNERSHIP INTERESTS ARE BEING SOLD “AS-IS.” ALL BIDDERS DUE DILIGENCE MUST BE DONE PRIOR TO SUBMITTING A BID. BRAUN makes no representations or warranties on approved uses of the property. This offering memorandum is provided for the sole purpose of allowing a potential buyer to evaluate whether there is interest in considering a possible purchase of the real estate. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor Seller and Broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any “hazardous materials” in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, Broker, sales agents or Seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN holds the right to deny the right to bid to any person. This auction is not available to residents of any state where the real estate may not be in compliance with the real estate laws of that state. In the unlikely event that the owner does not honor any bid or fails to close title in accordance with the winning bid or contract entered into with respect to these properties, BRAUN will not be held responsible or liable in any way. Likewise, BRAUN will not be responsible if the property is unsatisfactory to the bidder in any way. BRAUN reserves the right to postpone or cancel the auction, to withdraw the property from the auction and to change any terms of the auction or particular conditions of sale upon announcement prior to or during the course of the auction. Should there be any dispute among competitive bidders for the property, BRAUN may reopen bidding on the property at BRAUN’s sole discretion, designate one of the bidders as the successful bidder. All decisions by the Seller shall be final. The bidders are required to read and acknowledge the terms and conditions of the auction and the sale and purchase agreement prior to bidding. Bidders are not considered registered to bid until BRAUN receives the appropriate forms prior to the auction. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value. The real estate will be sold at any price. Court confirmation of sale will occur thereafter.
DISCLAIMER