Chu

BACKGROUND

1. The Transactions Among the Parties Most of the transactions involved in this case were initiated by plaintiff and Tammy Gong individually. There was considerable evidence at trial about transactions

The cross-complaint was apparently dismissed during a January 2012 status conference, and the issues raised in the cross-complaint were deemed affirmative defenses. 2 that are not in dispute, and we will not recite here the facts concerning those transactions. The loan transactions that are in dispute were secured at various times with deeds of trust against three different parcels of real property that we refer to in this opinion as the “Walnut” property, the “Garvey” property, and the “Valley” property. Before we turn to a summary of the disputed transactions, we introduce the names of other individuals and entities that were involved in the transactions. In addition to Ai Ying Gong, L&G Garvey Investment, LLC filed a cross-complaint against Jason Chu, Jason Chu’s father- in-law Ming Jer Lin, and Jason Chu’s company, MFG Funding, Inc. There was considerable evidence at trial concerning “Mr. Chen,” who is not a party to this litigation, who also engaged in…