ACRES Capital

How Personal Guarantees are Sinking Sponsors

Lenders continue to seize on personal guarantees in distressed market

Josh Schuster released on $2 million bail, Floyd Mayweather defends close associate, State Farm approved for 17% rate hike in California and more national news from this week.

Tides Equities’ Kia and Andrade Face Threat Of Bankruptcy

Are Tides principals’ debts now high enough to bankrupt them?

Principals may be personally liable for tens of millions of dollars

Lender goes after Tides’ Kia, Andrade personally for millions of dollars

Lender goes after Tides’ Kia, Andrade personally for millions of dollars

Acres Capital claims foreclosure sale failed to cover balance of $33M loan

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