HTML Document View

Full title: Motion Amendment to Second Interim Application of Donlin, Recano & Company, Inc. For Allowance and Payment of Compensation and Reimbursement of Expenses For the Period December 1, 2020 Through April 30, 2021 Filed by Debtor Professional Financial Investors, Inc. (Kim, Jeannie) (Entered: 08/02/2021)

Document posted on Aug 1, 2021 in the bankruptcy, 10 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

Hannah L. Blumenstiel 21 After consultation with counsel for Tracy Hope Davis, the United States Trustee for 22 Region 17, Donlin, Recano & Company, Inc.(“DRC”) amends Second Interim Application of 23 Donlin, Recano & Company, Inc. for Allowance and Payment of Compensation andTime Amount Comment Spent 5 December 2020 27 28 1 Donlin, Recano & Company, Inc.Fee Application January 2021 12 28 1 Donlin, Recano & Company,Time Amount Comment Spent 3 February 2021 23 24 25 26 27 28 1 Donlin, Recano & Company, Inc.

List of Tables

Document Contents

1 DONLIN, RECANO & COMPANY, INC. 6201 15th Avenue 2 Brooklyn, New York 11219 Telephone: (212) 481-1411 3 Facsimile: (212)481-1416 4 Administrative Agent to Debtors 5 6 UNITED STATES BANKRUPTCY COURT 7 NORTHERN DISTRICT OF CALIFORNIA 8 SAN FRANCISCO DIVISION 9 10 In re Case No. 20-30604 11 PROFESSIONAL FINANCIAL Chapter 11 INVESTORS, INC., et al., 12 AMENDMENT TO SECOND INTERIM Debtors. APPLICATION OF DONLIN, 13 RECANO & COMPANY, INC. FOR ALLOWANCE AND PAYMENT OF 14 COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR 15 THE PERIOD DECEMBER 1, 2020 THROUGH APRIL 30, 2021 16 Date: August 19, 2021 17 Time: 10:00 a.m. Crtrm.: Telephonic/Video Appearances Onl 18 450 Golden Gate Ave., 16th Fl., Crtrm. 19 19 San Francisco, CA 91402 20 Judge: Hon. Hannah L. Blumenstiel 21 After consultation with counsel for Tracy Hope Davis, the United States Trustee for 22 Region 17, Donlin, Recano & Company, Inc. (“DRC”) amends Second Interim Application of 23 Donlin, Recano & Company, Inc. for Allowance and Payment of Compensation and 24 Reimbursement of Expenses for the Period December 1, 2020 Through April 30, 2021 (the 25 “Application”) to provide additional detail as set forth in the attached Exhibit A. 26 / / / 27 / / / 28 / / /

1

1 DRC understands that the revised time entries listed on Exhibit A resolve the United State2 Trustee’s informal objections to the Application. 3 Dated: August 2, 2021 4 DONLIN, RECANO & COMPANY, INC. 5 6 By /s/ Nellwyn Voorhies NELLWYN VOORHIES 7 8 Administrative Agent to Debtors 9 SUBMITTED BY: 10 Dated: August 2, 2021 11 SHEPPARD, MULLIN, RICHTER & HAMPTON LLP 12 13 By /s/ Jeannie Kim JEANNIE KIM 14 15 Attorneys for Debtors 16 17 18 19 20 21 22 23 24 25 26 27 28

2

1 EXHIBIT A 2 Appendix of Revised Time Entries 3 Donlin, Recano & Company, Inc. Fee Application 4 Date Description of Services Time Amount Comment Spent 5 December 2020
Table 1 on page 3. Back to List of Tables
12/7/2020 Review master Schedules
of Assets and Liabilities
and Statements of Affairs
worksheets (0.4); update
Schedule D and Schedule
EF02.03 and notice
parties (0.6); update open
items list (0.3)
1.30 $253.50
12/28/2020 Review updated workplan
from S. Murdoch (0.2);
identify Schedules and
SOFA responses marked
'none' (0.3); prepare
timeline to complete
Schedules, SOFA and
email to S. Murdock (0.3)
0.80 $156.00
12/28/2020 Finalize review of
investor data files (1.4)
and format additional
files for upload to matrix
(0.9) and to include in
Schedules of Assets and
Liabilities; prepare email
to G. Lindsay re:
incomplete address (0.2);
prepare additional email
to G. Lindsay re: vendors
and contract parties (0.1)
2.60 $507.00
12/29/2020 Review and respond to
emails from E. Saoud re:
completed workbooks
(0.1); download and
review data files (1.8);
telephone call with S.
Murdoch re: missing data
and data file format (0.2)
2.10 $409.50
27 28

3

1 Donlin, Recano & Company, Inc. Fee Application
Table 1 on page 4. Back to List of Tables
Date Description of Services Time
Spent
Amount
12/30/2020 Prepare draft of Schedule
D for LP Debtors (1.4);
compare to creditor
matrix and ensure all
parties in matrix (1.5);
format data file (0.7)
3.60 $702.00
12/30/2020 Prepare draft of Schedule
H, Co-Debtors (1.7) and
forward for upload (0.1);
prepare drafts of
Schedules 01.02, 01.03,
02.08, 09.55, 11.77,
EF01.02 and EF02.02 for
LP and LLC entities (0.9)
2.70 $526.50
12/30/2020 Review emails from S.
Murdoch (0.1) and data
files for Schedules
EF01.02 and EF02.03
(0.3) and Statement of
Affairs 11.21 for tenant
deposits (0.2); format data
files (0.6), update
Schedules EF01.02 and
EF02.03 (0.9); update
open items list (0.3)
2.40 $468.00
12/30/2020 Review and respond to
emails from G. Lindsay
and S. Murdoch re:
pending litigation to
include in Schedule
EF02.03 and Statement of
Affairs response 7 (0.1);
update responses (0.3)
and open items list (0.2)
0.60 $117.00
22 23 24 25 26 27 28

4

1 Donlin, Recano & Company, Inc. Fee Application
Table 1 on page 5. Back to List of Tables
Date Description of Services Time
Spent
Amount
12/31/2020 Prepare updates to
Schedule D and notice
parties (0.6); compare to
Schedule H (0.5); prepare
email to G. Lindsay re:
inconsistent co-Debtor
creditors to be updated
(0.2); prepare updates to
Schedule EF 01.02
provided by E. Saoud
including re-formatting
data files (0.9); prepare
email to E. Saoud re:
open items to complete
Schedule EF01.02 and
tenant deposits moved to
Schedule EF02.03 (.01)
2.30 $448.50
1 Donlin, Recano & Company, Inc. Fee Application January 2021 12
Table 2 on page 5. Back to List of Tables
1/5/2021 Telephone call with S.
Murdoch and E. Saoud re:
open items to complete
Schedules (0.6); update
Schedule G to include
residential and
commercial tenant leases
(2.2); prepare email to E.
Saoud and forward draft
of Schedule G for review
and additional updates
(0.2); prepare updates to
open items list and
forward revised open
items list to S. Murdoch
(0.2)
3.20 $656.00
1/06/2021 Review revised guarantee
data file from S. Murdoch
and prepare updates to
Schedule G (0.3);
compare data to Schedule
H and identify
inconsistent reporting
(0.4); prepare email to S.
Murdoch and G. Lindsay
re: Schedules G and H
and status of revisions to
Schedule D (0.2)
0.90 None
28

5

1 Donlin, Recano & Company, Inc. Fee Application
Table 1 on page 6. Back to List of Tables
Date Description of Services Time
Spent
Amount
1/07/2021 Review revised pdf drafts
to confirm changes to
signature blocks (0.5);
prepare email to M.
Hogan, S. Murdoch, E.
Saoud, G. Lindsay, and L.
Coyle and forward
revised drafts for review
(0.3); review pdf files and
remove bookmarks for
filing with Court (0.5)
1.30 $266.50
1/7/2021 Prepare updates to
Schedules 11.73, D,
EF02.03, G, and H (2.3);
prepare file of removed
Schedule EF02.03
liabilities and forward to
S. Murdoch for
confirmation (0.6); review
and respond to email from
E. Saoud confirming
Schedule EF02.03
removed liabilities (0.1);
review and respond to e
mail from E. Saoud
confirming Schedule D
updates and forward data
file of affected
Liabilities (0.3); prepare
updates to Schedule H
received from E. Saoud
(0.3); review email and
data file from E. Saoud re:
additional revisions to
Schedule EF02.03;
prepare email to S.
Murdoch re: (0.2) status
of data files for revisions
to Schedule 11.73 and G
re: insurance (0.1)
3.90 $799.50
24 25 26 27 28

6

1 Donlin, Recano & Company, Inc. Fee Application
Table 1 on page 7. Back to List of Tables
Date Description of Services Time
Spent
Amount
1/7/2021 Review email and data
file from G. Lindsay re:
additional liabilities to
include in Schedule
EF02.03 for LP entities
(0.2); review and format
data file (0.3); prepare
email to G. Lindsay re:
0.60 $123.00
missing information to
complete response;
research and update
incomplete addresses
(0.1)
1/13/2021 Review and respond to
email from S. Murdoch
re: additional updates to
Statement of Affairs
response 4 (0.1); identify
missing information (0.2);
format data file and
update response
including research
missing addresses 0.5);
review and respond to
email from E. Saoud re:
certain interest payment
identified for removal
(0.2); prepare additional
updates to response (0.3);
update open items list
(0.2); prepare email to S.
Murdoch re: open items
list and preparation of
revised drafts of
Statements of Affairs
(0.1)
1.60 None
22 23 24 25 26 27 28

7

1 Donlin, Recano & Company, Inc. Fee Application 2 Date Description of Services Time Amount Comment Spent 3 February 2021
Table 1 on page 8. Back to List of Tables
2/4/2021 Telephone call with S.
Murdoch and D. Kennedy
re: confirmation of filing
Involuntary Chapter 11
Petitions and preparation
of Schedules of Assets
and Liabilities and
Statements of Financial
Affairs (0.2); Pacer
research to confirm filed
entities, update master
workbooks and forward
updated Schedules of
Assets and Liabilities and
Statements of Financial
Affairs workbooks to S.
Murdoch and D. Kennedy
(0.5)
0.70 $143.50
2/23/2021 Review First-Day Motions
including Insurance,
Utility, Cash
Management, and Cash
Collateral (0.8); format
data files and prepare
drafts of Schedules 11.73
and G to include insurance
and Schedule D to include
lenders and real property
tax liabilities, and
Schedule D, Secured
Creditors (1.7); prepare
email to D. Kennedy and
forward draft of Schedule
09.55, Real Property, for
updates (0.2)
2.70 $553.50
23 24 25 26 27 28

8

1 Donlin, Recano & Company, Inc. Fee Application 2 Date Description of Services Time Amount Comment Spent 3 March 2021
Table 1 on page 9. Back to List of Tables
3/3/2021 Finalize draft of Schedule
EF01.02 (0.3); update
Schedule G to include
tenant leases including
research incomplete
addresses (0.7); identify
additional tenants (0.2);
finalize draft of Statement
of Affairs 21 (0.2)
1.40 $287.00
3/3/2021 Review creditor files
provided by D. Kennedy
(0.2); update draft of
Schedule D to include
lender banks and Schedule
D Notice parties to
include additional notice
parties (0.5)
0.70 $143.50
3/10/2021 Review second revised
drafts of Statements of
Financial Affairs (0.5);
prepare email to A.
Hinkelman, M. Kaptain, J.
Rosenberg, D. Kennedy, J.
Markunas, and L. Cotton
and forward second
revised drafts of
Statements of Financial
Affairs for review and
comment (0.2)
0.70 $143.50
3/29/2021 Compare Schedules of
Liabilities for certain
Debtors (1.1); prepare
annotated file (0.3)
1.40 $287.00
3/31/2021 Prepared excel file of
scheduled liabilities report
and reconciled scheduled
amounts and prepared file
to create scheduled claims
in database (3.9) Created
codes for certain
categories of claims (0.4)
4.30 $722.40
28

9

1 Donlin, Recano & Company, Inc. Fee Application
Table 1 on page 10. Back to List of Tables
Date Description of Services Time
Spent
Amount
3/31/2021 Compare tenant deposits
to original Schedule G and
identify additional tenant
leases to include in
Schedule G (0.8); prepare
email to E. Saoud and G.
Lindsay confirming tenant
leases should be added to
Schedule G (0.1)
0.90 $184.50
1 Donlin, Recano & Company, Inc. Fee Application 8 April 2021
Table 2 on page 10. Back to List of Tables
4/30/2021 Review of ballots received
via portal (1.4), processed
ballots (1.3), responded to
various creditor vote
inquiries (0.9), updated
vote portal, prepared
various pdf files of ballots
for creditors who haven't
received their ballots,
follow up with B. Marum
of SM re non-voting
creditors (0.7)
4.30 $834.20
16 Total objectionable fees: $9,244.60 17 18 19 20 21 22 23 24 25 26 27 28

10