On December 20, 2018 the Court issued an order (“Harlowe Settlement Approval Order”), which among other things:

Approved a settlement offer made by the Harlowe borrower in respect of the Harlowe loan advanced by BDMC; and
Directs 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 Harlowe settlement, and to distribute 85% of Realized Property going forward.

A copy of the Harlowe Settlement Approval Order is available below.