Filing Alert: Breakers Mezz I Chapter 11

Breakers Mezz I, LLC, a Long Beach, CA-based entity affiliated with the Fairmont Breakers hotel redevelopment, filed for Chapter 11 protection on October 02,...

Breakers Mezz I, LLC, a Long Beach, CA-based mezzanine real-estate financing vehicle affiliated with the Fairmont Breakers hotel redevelopment, filed for Chapter 11 protection on Oct. 2 in the U.S. Bankruptcy Court for the Central District of California.

The company reports $100 million to $500 million in assets and $50 million to $100 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-18796.

Key Parties

Counsel:

Eric D. Goldberg
DLA Piper LLP (US)
Email: eric.goldberg@us.dlapiper.com

Signatories:

John C. Molina – Chief Executive Officer

Equity Security Holders:

Breakers HTC Bridge, LLC – 100% of Breakers Mezz I, LLC
6 Founders, LLC – 94% of Breakers HTC Bridge, LLC