Laurelmor

Two Million Dollar Property Damage in Laurelmor

Submitted by Lynne Vogel on Sat, 10/25/2008 - 7:10am

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The following information was found in a federal lawsuit filed against Ginn/Laurelmor. The complaint: Bituminous Casualty Corporation v. West Contracting, Inc. et al.

In late December 2007 a massive 600 foot long by 110 foot high stacked rock wall collapsed at the Laurelmor golf driving range. This is one of 5 similar walls completed in the resort. The others were constructed at the maintenance facility, and near holes 4, 5, and 10 of the golf course.

GINN/LAURELMOR'S THIRD LOAN MODIFICATION

Submitted by Lynne Vogel on Thu, 10/09/2008 - 5:48pm

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On September 8, 2008 a Third Modification to First Lien Deed of Trust, Security Agreement, Assignments of Rents and Leases and Fixture Filing (this “Agreement”), was made and entered into by and between Ginn-LA Laurel Creek LTD., LLLP and Credit Suisse, Cayman Islands Branch. This document was recorded with the Register of Deeds, Watauga County, North Carolina on September 23, 2008.

For additional information and copy of loan document please see Toby Tobin’s October 8, 2008 article "Ginn/Credit Suisse Laurelmor Loan Also Modified."