Filed: Mar. 21, 2019
Latest Update: Mar. 21, 2019
Summary: JUDGMENT D.P. MARSHALL, JR. , District Judge . 1. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against First Capital Victoria LLC for $5,985,241.98. This total amount includes the underlying debt of $4,420,325.61 plus $1,564,916.37 for prejudgment interest at 13% from 30 June 2016 until today. 2. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against First Capital Jourdanton LL
Summary: JUDGMENT D.P. MARSHALL, JR. , District Judge . 1. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against First Capital Victoria LLC for $5,985,241.98. This total amount includes the underlying debt of $4,420,325.61 plus $1,564,916.37 for prejudgment interest at 13% from 30 June 2016 until today. 2. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against First Capital Jourdanton LLC..
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JUDGMENT
D.P. MARSHALL, JR., District Judge.
1. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against First Capital Victoria LLC for $5,985,241.98. This total amount includes the underlying debt of $4,420,325.61 plus $1,564,916.37 for prejudgment interest at 13% from 30 June 2016 until today.
2. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against First Capital Jourdanton LLC for $6,880,964.86. This amount includes the underlying debt of $5,081,850.54 plus $1,799,114.32 for prejudgment interest at 13% from 30 June 2016 until today.
3. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against First Capital Hobbs LLC for $8,027,364.61. This amount includes the underlying debt of $5,928,509.74 plus $2,098,854.87 for prejudgment interest at 13% from 30 June 2016 until today.
4. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against First Capital Real Estate Investments LLC for $14,908,329.47. This total amount includes the underlying debt of $11,010,360.28 plus $3,897,969.19 for prejudgment interest at 13% from 30 June 2016 until today.
5. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, shall have judgment against Suneet Singal for $20,893,571.45. This total amount includes the underlying debt of $15,430,685.89 plus $5,462,885.56 for prejudgment interest at 13% from 30 June 2016 until today.
6. All claims against First Capital Retail LLC, RREAF Victoria LLC, RREAF Jourdanton LLC, RREAF Hobbs LLC, First Capital Real Estate Advisors LP, TCA Global Credit Master Fund LP, Brandon "Rocky" Kaller, and Ramesh Prasad are dismissed without prejudice. Counts III and IV of the second amended complaint are dismissed without prejudice.
7. Simmons Bank, Trustee of the Heartland Bank Liquidating Trust U/I/D March 8, 2018, is entitled to seek allowable costs by motion due by 5 April 2019.
8. The amounts awarded in the Judgment shall bear post-judgment interest at 2.52% per annum until paid in full.
