Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / letter-to-pac-appraisal-challenge.docx
letter-to-pac-appraisal-challenge.docx
Parties
HARKNESS LLP
Overnight Courier Philip Tarrant Corp
Driscoll LLP
Coral Palms Resort Holdings LLC
Tarrant Corp
Verimark Hospitality Group Inc
Whitley Valuation Services LLC
Stabilized Net Operating Inc
Dates
January 25, 2023
December 9, 2022
January 20, 2023
January 6, 2023
September 30, 2022
January 24, 2023
June 1, 2024
February 3, 2023
January 30, 2023
Amounts
$160,000,000
$192,000,000
$235,000,000
$43,000,000
$130,560,000
$29,440,000
$18,400,000
$47,000,000
$137,427
$277.36
Obligations
The Commitment Letter expressly provides that the Loan amount shall not exceed 68
VHG notes that the T-12 NOI reflects actual, audited operating results — not management projections — and that any departure from this demonstrated income level must be supported by specific, identified factors that would cause the Property's income to decline from its current trajectory
These factors result in replacement cost estimates for Keys resort properties that significantly exceed those applicable to comparable mainland properties, and the H&W cost approach must account for these premium construction costs to reach a reliable conclusion
VHG's decision to engage cooperatively with PAC in seeking a resolution of the valuation discrepancy shall not prejudice or limit any rights or remedies that VHG or the Borrower may have, whether at law or in equity