In re Premier Golf Properties, LP
Opinion
Lead Opinion
Latham, J.
ORDER OVERRULING DEBTOR’S OBJECTION TO CLAIM NO. 10 OF COTTONWOOD CAJON ES, LLC
IT IS HEREBY ORDERED as set forth on the continuation page(s) attached, numbered two (2) through forty-nine (49).
The court has considered Premier Golf Properties, LP, Edgewood Distributors & Management, Inc., R.H. Rodriguez, Inc., and Premier Golf Property Management, Inc.’s (collectively, “Debtor”) combined motion for reconsideration and supplemental objections to Cottonwood Cajon ES, LLC’s (“Claimant”) proof of claim number 10-1 (the “Claim”),'Claimant’s opposition, Debtor’s reply, the respective supporting evidence, its own docket, and the parties’ oral argument at the hearing on this matter. For the following reasons, the court: (1) overrules without prejudice Debtor’s objection that the Claim is overstated; and (2) overrules the remainder of the claim objection.
Background
Factual Background and Procedural History
The parties are familiar with the material facts. Debtor owns and operates a golf course and related concerns in Rancho San Diego. On December 21, 2007, Debtor gave Far East National Bank (“FENB”) a $11,500,000 promissory note (ECF No. 193-1, p. 1). On December 24, 2007, the…