Trustee’s Third Report
On November 19, 2018, the Trustee served materials in connection with its motion returnable November 28, 2018, which provides , among other things:
A recommendation that the Court grant an order approving a settlement offer made by the Baestone borrower in respect of the Braestone loan advanced by BDMC;
A recommendation for certain amendments to the Realized Property Order requiring the Trustee to make a further distribution of Realized Property to all syndicated mortgage loans entitled to such Realized Property following the closing of the Braestone settlement; and
Information regarding the Trustee’s and its legal counsel’s fees and disbursements from the date of the Appointment Order through to September 30, 2018 (“Period”). The Trustee is also seeking the Court’s approval of the First Report, Second Report, the Third Report, the activities described in each of the Reports, and the professional fees of the Trustee and its legal counsel for the Period.
Copies of the materials filed on November 19, 2018, including the Trustee’s Third Report, are available below.
