HOME > News > Here

Another Important Update Regarding CMB Group 48, The Century Plaza ProjectOctober 15, 2022

 

Dear Investors and Friends of CMB:

As we told you on October 12, 2022, we retained counsel to investigate and respond to the Notice of Default as well as take affirmative steps to protect and preserve CMB Export Infrastructure Investment Group 48, LP’s (“Group 48) interests as Junior Mezzanine Lender.  After consultation with counsel, Group 48 has determined to initiate litigation against the senior lenders to protect its interests.  One lawsuit has been filed in the Superior Court of California, Central District for the County of Los Angeles, Case No. 22SMCV01852.  A second lawsuit was submitted to the Supreme Court of New York, County of New York.  Once we have the case number for the New York complaint, we will post that information.

We appreciate your support as we fight for the rights of our clients.

---
Share This Post: Twitter | LinkedIn | Facebook

Subscribe to CMB Regional Centers Newsletter to be notified about EB-5 News and future updates from CMB.


Recent Posts

Another Important Update Regarding CMB Group 48, The Century Plaza Project

  Dear Investors and Friends of CMB: As we told you on October 12, 2022,...

Important Update Regarding CMB Group 48, The Century Plaza Project

10/14/2022 - It has come to our attention that at least one of our competitors...

Popular Posts

Important Update Regarding CMB Group 48, The Century Plaza Project

10/14/2022 - It has come to our attention that at least one of our competitors...

Another Important Update Regarding CMB Group 48, The Century Plaza Project

  Dear Investors and Friends of CMB: As we told you on October 12,...

Headquarters
5910 N Central Expy, Suite 1000
Dallas, Texas 75206
Regional Office
7819 42 Street West
Rock Island, Illinois USA 61201
Contact Us
+1 309-797-1550
CMB believes that this website is accessible to the widest possible audience pursuant to the guidelines of the Americans with Disabilities Act. Click here for more information.
This is not an offer to sell securities or the solicitation of an offer to purchase securities. Any offer to participate in any sponsored project may only be made pursuant to a written offering memorandum. Any sale in a sponsored project shall be evidenced by a subscription agreement executed by a foreign national and will be offered and sold, to the extent applicable, both within and outside of the United States in reliance on exemptions from registration under the securities act, state laws and the laws of jurisdictions where the offering will be made.