bankruptcy: Big Sky Yellowstone Club Sale Finalized
- 08/07/09 05:21 AM
The 13,400 acre, private golf and ski enclave, Yellowstone Club (YC) sale to CrossHarbor Capital is finalized at a price of $115 million, according to Yellowstone Mountain Club's CB Richard Ellis. The Big Sky, Montana bankruptcy sale was finalized August 5, 2009, ending a long battle for control between Sam Byrne and Edra Blixseth. The many Yellowstone Club real estate and Montana luxury home choices include large homesites on which to build your own, custom luxury estate; on-the-mountain chalets; single-family custom homes; private ranches, or condos in either The Enclave or at Sunrise Ridge. Many of the Yellowstone Club real estate offerings include access … (0 comments)
bankruptcy: Yellowstone Club Bankruptcy Ruling: Judge Kirschner Rebukes Credit Suisse
- 05/13/09 03:16 AM
On Tuesday, May 12, 2009, according to an article in NewWest.net, U.S. Bankruptcy Court Judge Ralph B. Kirscher declared, "that Credit Suisse actions in making a $375 million loan to the Yellowstone Club were "so far overreaching and self-serving that they shocked the conscience of this court," U.S. Bankruptcy Court Judge Ralph B. Kirscher on Tuesday ruled that Credit Suisse's secured claim to $232 million of the remaining $310 million loan balance would be "subordinated" to the claims of tradesmen, vendors and other unsecured creditors in the case." … (2 comments)
bankruptcy: Big Sky, Montana: Short-Term Financing at Yellowstone Club Through Spring 2009
- 12/02/08 07:56 AM
From Moonlight Basin Ski Area to the private Yellowstone Club Resort, most of the Big Sky, Montana ski resorts concerns have been fixed for the winter and it's snowing here in southwest Montana. The skis are sharp, the bodies are willing, and 2-4 inches of snow are forecast for this evening; Big Sky's skiing and snowboarding season is here. Even the Yellowstone Club is back in business, which means work through the winter for its many employees. Because of a Loan by Boston's CrossHarbor Capital of $20 Million, the Yellowstone Club in Big Sky, Montana will survive winter 2008-2009. Bankruptcy Judge for the District of Montana, Ralph B. Kirscher, Esquire, approved short-term … (0 comments)
bankruptcy: Geometric Strategy at The Yellowstone Club, Big Sky, Montana
- 11/26/08 09:55 AM
Two financial entities are battling for control of Big Sky, Montana's Yellowstone Club, which boasts memberships by some of the world's wealthiest... Both Credit Suisse and CrossHarbor Capital with financial help offered by some Club members, are battling for control of Edra Blixseth's bankrupt Big Sky, Montana Yellowstone Mountain Club: Credit Suisse, failing in its attempt to setup a seven-figure loan plan, argues that because it's owed over $300M by the Club it should maintain control and is trying to block a financing deal from Boston-based CrossHarbor Capital, which has offered $20 million to maintain the club through the winter skiing and snowboarding season. Some Club members, … (0 comments)
bankruptcy: Yellowstone Club Files Chapter 11 Bankruptcy - Big Sky Montana
- 11/11/08 12:23 AM
The Yellowstone Club, filed for bankruptcy Monday, November 10, 2008 after its inability to secure financing arrangements with its creditors and bondholders. Yellowstone Club spokesman, Bill Keegan said the Yellowstone Club filed Chapter 11 for protection in Montana federal bankruptcy court to protect the Club and its members. Two months ago the Club, as it is called in the area, had announced it would begin new growth in conjunction with Arizona-based Discovery Land Company, but the recent national financial collapse forestalled this method. Ensconced in Montana's Madison Range mountains, between the Gallatin and Madison Rivers, the gated, 13,400 acre Montana ski and golf resort opened … (0 comments)
bankruptcy: Overview of Congressional Action on Mortgage Foreclosure
- 04/03/08 05:03 PM
I thought it may interest some of you to review what has been going on in the United States Congress regarding Mortgage and Foreclosure law and issues in the last few months. Of these seven mortgage-related Acts listed below, only one appears to have passed. Since Realtors must be licensed, it makes sense to create a national mortgage licensing system and registry. H.R. 3915 - Mortgage Reform and Anti-Predatory Lending Act of 2007 S. 1299 -- Borrower's Protection Act H.R. 3838/ S. 2169 - the PROMISE Act of 2007 S. 2136 -- Helping Families Save Their Homes in Bankruptcy Act of 2007 S. 2136 -- Helping Families Save … (4 comments)
The 13,400 acre, private golf and ski enclave, Yellowstone Club (YC) sale to CrossHarbor Capital is finalized at a price of $115 million, according to Yellowstone Mountain Club's CB Richard Ellis. The Big Sky, Montana bankruptcy sale was finalized August 5, 2009, ending a long battle for control between Sam Byrne and Edra Blixseth. The many Yellowstone Club real estate and Montana luxury home choices include large homesites on which to build your own, custom luxury estate; on-the-mountain chalets; single-family custom homes; private ranches, or condos in either The Enclave or at Sunrise Ridge. Many of the Yellowstone Club real estate offerings include access … (0 comments)
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