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Full title: Interim Application for Compensation May 2021 for SULLIVAN HILL REZ & ENGEL, APLC, Fees: $1,912, Expenses: $792.61. Filed by JONATHAN S. DABBIERI (DABBIERI, JONATHAN)

Document posted on Aug 9, 2021 in the bankruptcy, 25 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

TRUSTEE Bundy Five Million SPE, LLC, 09-32839 ) 19 CFP Anchor B SPE, LLC, 09-32843 ) CFP Cornman Toltec SPE, LLC, 09-32844 ) 20 CFP Gess SPE LLC, 09-32846 ) CFP Gramercy SPE, LLC, 09-32849 ) 21 During the month of May, Sullivan Hill billed fees in 9 the amount of $3,559.50 reduced to $2,390 applying the Court-ordered interim cap, and costs in the 10 amount of $792.61. If an Objection is timely served within the Objection Period which objects to some 2 but not all of the fees and costs requested in this notice, the Trustee is authorized to pay -- on an 3 interim basis, subject to the further approval or adjustment upon fee application as described below 4 - 80 percent (80%) of the uncontested fees requested in this notice (at the Court-ordered interim 5 capped rates), and 100 percent (100%) of the uncontested costs requested in such invoice.The trustee assisted Cross in obtaining the early release of certain monies held by thheppard Mullin law firm and with the sale of some of the Fox Hills property and associated water righthich funds were disbursed pursuant to Court orders.Fee Applications Sullivan Hill estimates that it will incur approximately $2,000 to $5,000 in fees and costs for the monthf January 2021 and February 2021, relating to compliance with interim fee procedures, setting up variouubfiles and noticing procedures, and generally implementing the fee procedures approved by the Court, as wes assisting the trustee and other estate professionals to file and serve their own fee applications.

List of Tables

Document Contents

1 SULLIVAN HILL REZ & ENGEL A Professional Law Corporation 2 James P. Hill, CA SBN 90478 (Pro Hac Vice) Jonathan S. Dabbieri, CA SBN 91963 (Pro Hac Vice) 3 Elizabeth E. Stephens, NV SBN 5788 228 South Fourth Street, First Floor 4 Las Vegas, NV 89101 Telephone: (702) 382-6440 5 Fax Number: (702) 384-9102 6 Attorneys for Chapter 7 Trustee, William A. Leonard, Jr. 7 8 UNITED STATES BANKRUPTCY COURT 9 DISTRICT OF NEVADA 10 In re ) CASE NO. BK-S-09-32824-RCJ (Lead Case) ) 11 ASSET RESOLUTION, LLC, ) Jointly Administered with Case Nos.: ) BK-S-09-32831-RCJ; BK-S-09-32839-RCJ; 12 Debtor. ) BK-S-09-32843-RCJ; BK-S-09-32844-RCJ; ) BK-S-09-32846-RCJ; BK-S-09-32849-RCJ; 13 ) BK-S-09-32851-RCJ; BK-S-09-32853-RCJ; ) BK-S-09-32868-RCJ; BK-S-09-32873-RCJ; 14 ) BK-S-09-32875-RCJ; BK-S-09-32878-RCJ; ) BK-S-09-32880-RCJ; BK-S-09-32882-RCJ 15 ) ) Chapter 7 16 Affects: ) All Debtors ) SULLIVAN HILL’S NOTICE OF INTERI 17 Asset Resolution, LLC, 09-32824 ) COMPENSATION REQUESTED (MAY ) 2021) AS COUNSEL FOR CHAPTER 7 Bundy 2.5 Million SPE, LLC, 09-32831 18 ) TRUSTEE Bundy Five Million SPE, LLC, 09-32839 ) 19 CFP Anchor B SPE, LLC, 09-32843 ) CFP Cornman Toltec SPE, LLC, 09-32844 ) 20 CFP Gess SPE LLC, 09-32846 ) CFP Gramercy SPE, LLC, 09-32849 ) 21 Fiesta Stoneridge, LLC, 09-32851 ) ) Fox Hills SPE, LLC, 09-32853 22 ) HFAH Monaco SPE LLC, 09-32868 ) Ctrm: RCJ - Courtroom 6 23 Huntsville SPE LLC, 09-32873 ) Bruce R. Thompson Federal Building Lake Helen Partners SPE LLC, 09-32875 ) 400 S. Virginia Street 24 Ocean Atlantic SPE LLC, 09-32878 ) Reno, NV 89501 Shamrock SPE LLC, 09-32880 ) Judge: Hon. Robert C. Jones 25 10-90 SPE, LLC, 09-32882 ) ) 26 / / / 27 / / / 28 / / /

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1 TO WILLIAM A. LEONARD, JR., CHAPTER 7 TRUSTEE (“TRUSTEE”); AND OTHER 2 PARTIES ENTITLED TO NOTICE: 3 Pursuant to the Court’s Order Establishing Procedures for Interim Compensation of 4 Professionals (“Interim Compensation Order”) made in open court on May 27, 2010 and entered on 5 October 15, 2010 [Docket No. 1243], as modified by the Court in its oral ruling on February 24, 6 2011, placing an interim cap on rates of $400 per hour for attorneys and $100 per hour for 7 paralegals, the January invoices of Sullivan Hill Rez & Engel (“Sullivan Hill”), counsel for the 8 Trustee, are attached as Exhibit “A” hereto. During the month of May, Sullivan Hill billed fees in 9 the amount of $3,559.50 reduced to $2,390 applying the Court-ordered interim cap, and costs in the 10 amount of $792.61. At this time, on the terms set forth below, Sullivan Hill seeks payment based 11 upon the reduced amount. All terms not defined herein shall have the meaning given them in the 12 Interim Compensation Order. 13 Exhibit “B” hereto is a budget setting forth the fees and costs Sullivan Hill estimates that it 14 will incur in these cases during the months of January – August 2021. All amounts set forth on 15 Exhibit “B” are estimates only, and actual fees and costs will depend on a variety of facts and 16 circumstances. Exhibit “B” also sets out, on a matter-by-matter basis, the fees requested by this 17 notice, at both the firm’s usual and customary rates (Column B) and the rates as capped by the Cour18 (Column C). 19 In accordance with the Interim Compensation Order: 20 (1) Any Reviewing Party may serve upon Sullivan Hill within 10 days of service of an 21 invoice (“Objection Period”) a written “Notice of Objection to Fee Statement” (“Objection”) setting22 forth the precise nature of the Objection and the amounts disputed. 23 (2) If no Objection to an invoice is timely served within the Objection Period, the Truste24 is authorized to pay from the estate for which the services were rendered or the costs incurred on an 25 interim basis, subject to the further approval or adjustment upon fee application as described below,26 80 percent (80%) of the fees requested applying the Court-ordered interim cap -- (80% of $2,390 or 27 $1,912 and 100 percent (100%) of the costs requested in such invoices -- $792.61. 28

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1 (3) If an Objection is timely served within the Objection Period which objects to some 2 but not all of the fees and costs requested in this notice, the Trustee is authorized to pay -- on an 3 interim basis, subject to the further approval or adjustment upon fee application as described below 4 - 80 percent (80%) of the uncontested fees requested in this notice (at the Court-ordered interim 5 capped rates), and 100 percent (100%) of the uncontested costs requested in such invoice. 6 (4) If an Objection is timely served within the Objection Period, the parties shall meet 7 and confer and attempt to reach a consensual resolution of the dispute. If such a resolution is 8 reached, the parties shall notify the Trustee and all Reviewing Parties, and the Trustee shall promptl9 pay the agreed-upon fees and costs, on an interim basis, subject to the further approval upon fee 10 application as described below. 11 (5) If an Objection is timely served with the Objection Period and not resolved through 12 the meet-and-confer process described above, Sullivan Hill may (i) file with the Court a request for 13 payment of the amounts requested in this notice (along with a copy of the Objection), and set a 14 hearing on the matter; or (ii) forego payment of the disputed amounts until the amounts are 15 addressed in the next interim fee application. 16 (6) Approximately every four (4) months, Sullivan Hill will file with the Court and serve17 on the Reviewing Parties an application for interim approval and allowance of the fees and costs 18 incurred during the prior four months -- addressing amounts previously paid and amounts previousl19 held back -- pursuant to section 331 of the Bankruptcy Code. 20 (7) All amounts paid in accordance with this process shall be interim in nature and 21 subject to disgorgement until such time as the Court orders otherwise. 22 (8) No action or inaction in with respect to an invoice, any payment thereof, or any 23 objection thereto shall prejudice the rights of any party in interest with respect to an interim or final 24 fee application, and all rights with respect to such applications -- including the right to object -- are 25 fully reserved. 26 / / / 27 / / / 28 / / /

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1 (9) Sullivan Hill reserves the right to request at a future date that the Court approve2 payment of the fees included in this notice at the firm’s previously approved uncapped rates. 3 Dated: August 9, 2021 SULLIVAN HILL REZ & ENGEL A Professional Law Corporation 4 By: /s/ Jonathan S. Dabbieri 5 James P. Hill (Pro Hac Vice) Jonathan S. Dabbieri (Pro Hac Vice) 6 Elizabeth E. Stephens Attorneys for Chapter 7 Trustee, 7 William A. Leonard, Jr. 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

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Exhibit A

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05.21 Services (06.30.21 Invoices) ry Billing Attorney: 002 - James P. Hill tter ID Client Name From Date Hours Fees Costs Interest TotaDescription Through Printed Printed Printed Printed -14034 o Asset Resolution, LLC 5/4/2021 1.00 605.00 792.61 0.00 1,3Asset Resolution, LLC 5/31/2021 -14180 o Asset Resolution, LLC 5/14/2021 2.30 1,237.50 0.00 0.00 1,2Gardens 5/28/2021 -14187 o Asset Resolution, LLC 5/7/2021 4.40 1,717.00 0.00 0.00 1,7Fee Applications 5/28/2021 ry Billing Attorney Total 7.70 3,559.50 792.61 0.00 4,3 21 1:36:50 PM Page = '00554'

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sset Resolution, LLC Invoice 0 /o William A. Leonard, Jr., Trustee June 30, 2021 625 South Valley View Blvd., Suite 224 as Vegas, NV 89118 ur Matter # 00554-14034-JPH e: Asset Resolution, LLC or Services Rendered Through 5/31/2021 Current Fees 605.00 Current Disbursements 792.61 Total Current Charges 1,397.61 Total Due 1,397.61

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sset Resolution, LLC June 30, 2021 e: Asset Resolution, LLC Invoice: 0 .D. 00554-14034 - JPH Page: 2 Fee Recap Hours Rate/Hour Amount onathan S. Dabbieri Shareholder 0.20 525.00 105.00 ames P. Hill Shareholder 0.80 625.00 500.00 Totals: 1.00 605.00

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sset Resolution, LLC June 30, 2021 e: Asset Resolution, LLC Invoice: 0 .D. 00554-14034 - JPH Page: 3 Fees ate Atty Description Hours Rate Amount 5/04/2021 JPH Monthly review of case status, charges, matters 0.30 625.00 187.50pending with ARC team, including attention to Bundy Canyon case inquiry, and closing submatter cases (.3). 5/11/2021 JPH Telephone conference with Trustee Leonard re 0.20 625.00 125.00case closing steps, outstanding matters, motions to approve closing and transfers of funds (.2). 5/12/2021 JPH Correspondence to/from Trustee Leonard re 0.30 625.00 187.50case winding up, closing tasks (.2); correspondence to/from L. Dinkins and correspondence to/from J. Dabbieri re same (.1). 5/13/2021 JSD Memorandum to Ms. Sandusky re status of 0.10 525.00 52.50response to United States Trustee's office. 5/24/2021 JSD Memorandum to Ms. Sandusky re status of UST 0.10 525.00 52.50inquires. Total Fees: 605.00 605.00 Disbursements ate Description Amount 5/18/2021 Federal Express (Invoice 7-371-27355) 05/05/21 Delivery to Sullivan 42.61Hill, L. Gubba-Reiner; San Diego, CA from William A. Leonard Jr., Trustee: Las Vegas, NV. 5/31/2021 Document Retention and Storage Fees: Full rate of $750 per month for 750.00the period of 06/01/2021 through 06/30/2021. Total Disbursements 792.61

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sset Resolution, LLC Invoice 0 /o William A. Leonard, Jr., Trustee June 30, 2021 625 South Valley View Blvd., Suite 224 as Vegas, NV 89118 ur Matter # 00554-14180-JPH e: Gardens or Services Rendered Through 5/31/2021 Current Fees 1,237.50 Total Current Charges 1,237.50 Total Due 1,237.50

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sset Resolution, LLC June 30, 2021 e: Gardens Invoice: 0 .D. 00554-14180 - JPH Page: 2 Fee Recap Hours Rate/Hour Amount onathan S. Dabbieri Shareholder 2.00 525.00 1,050.00 ames P. Hill Shareholder 0.30 625.00 187.50 Totals: 2.30 1,237.50

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sset Resolution, LLC June 30, 2021 e: Gardens Invoice: 0 .D. 00554-14180 - JPH Page: 3 Fees ate Atty Description Hours Rate Amount 5/14/2021 JSD Memorandum to Mr. Leonard re stay relief 0.10 525.00 52.50motion and request by CMM. 5/17/2021 JSD Review of Orange County Florida tax collector's 1.20 525.00 630.00motion for stay relief. 5/24/2021 JSD Memorandum to David Rentz re Orange County 0.10 525.00 52.50Tax Collector motion for relief from stay. 5/25/2021 JPH Correspondence to/from D. Rentz and to/from J. 0.20 625.00 125.00Dabbieri re tax sale, re automatic stay notice (.2). 5/27/2021 JSD Memorandum to Mr. Leonard re inquiry by Mr. 0.30 525.00 157.50Rentz, proposed response, and stay relief motion. 5/27/2021 JPH Correspondence to/from D. Rentz and 0.10 625.00 62.50correspondence to/from J. Dabbieri re inquiry affecting Gardens/Parliament House properties (.1). 5/28/2021 JSD Finalized memorandum to Mr. Rentz re stay 0.10 525.00 52.50relief motion. 5/28/2021 JSD Review and analysis of letter from Mr. Moldo on 0.20 525.00 105.00behalf of CMM re pending stay relief motion. Total Fees: 1,237.50 1,237.50

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sset Resolution, LLC Invoice 0 /o William A. Leonard, Jr., Trustee June 30, 2021 625 South Valley View Blvd., Suite 224 as Vegas, NV 89118 ur Matter # 00554-14187-JPH e: Fee Applications or Services Rendered Through 5/31/2021 Current Fees 1,717.00 Total Current Charges 1,717.00 Total Due 1,717.00

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sset Resolution, LLC June 30, 2021 e: Fee Applications Invoice: 0 .D. 00554-14187 - JPH Page: 2 Fee Recap Hours Rate/Hour Amount onathan S. Dabbieri Shareholder 1.10 525.00 577.50 aurel L. Dinkins Paralegal 2.20 225.00 495.00 inda Gubba-Reiner Paralegal 0.10 195.00 19.50 ames P. Hill Shareholder 1.00 625.00 625.00 Totals: 4.40 1,717.00

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sset Resolution, LLC June 30, 2021 e: Fee Applications Invoice: 0 .D. 00554-14187 - JPH Page: 3 Fees ate Atty Description Hours Rate Amount 5/07/2021 LGR Update spreadsheet tracking status of fee 0.10 195.00 19.50applications upon receipt of trustee's payments for Sept., Oct., and Nov. 2020 interim fee applications (.1). 5/12/2021 LLD Review master fee application spreadsheet and 0.70 225.00 157.50draft inquiry to accounting re costs (.3); update February and March tabs (.4). 5/13/2021 JSD Memorandum re format of budget narrative. 0.10 525.00 52.505/13/2021 LLD Prepare monthly fee notice and calculations to 0.60 225.00 135.00include December 2020 - March 2021. 5/13/2021 JPH Draft, review, and revise fee statement 0.20 625.00 125.00narratives, including correspondence to/from L. Dinkins and correspondence to/from J. Dabbieri re same (.2). 5/24/2021 JPH Review and revise "budget narrative" for 0.40 625.00 250.00updated fee application notices, including correspondence to/from trustee and J. Dabbieri re same, additional tasks and questions (.3); correspondence to/from L. Dinkins re approval of same to proceed (.1). 5/25/2021 LLD Prepare April 2021 monthly fee notice 0.50 225.00 112.50calculations and update multiple month monthly notice to include April 2021. 5/25/2021 JPH Further correspondence to/from trustee and 0.10 625.00 62.50to/from L. Dinkins re fees, noticing and dates (.1). 5/26/2021 JPH Review and update budget narrative, including 0.30 625.00 187.50correspondence to/from J. Dabbieri and to/from L. Dinkins re updates to same (.3). 5/27/2021 JSD Prepared budget narrative for January through 1.00 525.00 525.00August 2021. 5/28/2021 LLD Compile 5 month fee notice and exhibits, 0.40 225.00 90.00prepare correspondence to accounting re invoice issue. Total Fees: 1,717.00 1,717.00

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Exhibit B

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Table 1 on page 17. Back to List of Tables
May 2021
USUAL &
CUSTOMARY Fees
May 2021
CAPPED Fees
80% of
CAPPED Fees
May 2021
Costs
$ 605.00
$ 1,717.00
$ 1,237.50
$ 400.00
$ 1,070.00
$ 920.00
$ 320.00
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ 856.00
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ 736.00
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ 792.61
$ 3,559.50 $ 2,390.00 $ 1,912.00 $ 792.61

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SULLIVAN HILL’S ESTIMATED FEES AND COSTS BUDGET FOR THE MONTHS OF JANUARY THROUGH AUGUST 2021 To facilitate the trustee’s efforts to close the Asset Resolution, LLC bankruptcy and the related estatee below budget and narrative covers the months of January through August 2021. . General Administration This subfile reflects charges for time and costs for ARC “general” matters, including items relating tRC assets and property interests not limited to a particular property, as well as general administrative matternd for the early time devoted to the ARC cases, reviewing files, recovering files and records and generallecoming familiar with the assets and liabilities of ARC and its related SPE debtor entities, and which are neadily attributable to other, more specific subfiles. In general, a subfile has been opened for each debtor iese jointly administered estates, as well as for each matter which is expected to require a significant amount ottention. Over the course of the administration of the estate additional subfiles are opened as appropriate. Ae trustee continues to move towards closing the ARC estate, Sullivan Hill estimates that it will incpproximately $5,000 in fees and costs in this General Administration category for the months of Januarrough August 2021. I. Bundy 2.5M SPE, LLC, Case No. 09-32831 Loan servicing responsibility for this loan and property interests was moved to Cross FLS, as approvey order of this Court. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for the months anuary through August 2021. II. Bundy 5M SPE, LLC, Case No. 09-32839 Loan servicing responsibility for this loan and property interests was moved to Cross FLS, as approvey order of this Court. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for the months anuary through August 2021. V. CFP Anchor B SPE, Case No. 09-32843 This property and related loan interests were sold prior to the trustee’s appointment. Sullivan Histimates that it will incur nominal, if any, fees and costs for the months of January through August 2021. . CFP Cornman Toltec SPE, Case No. 09-32844 The loan for this property was foreclosed upon prior to the trustee’s appointment and title is held by thelated debtor SPE, CFP Cornman Toltec. The ARC estate holds a .08% interest as a direct lender. Sullivaill anticipates it will incur nominal, if any, fees and costs for the months of January through August 2021. I. CFP Gess SPE, Case No. 09-32846 This property and related loan interests were sold prior to the appointment of the trustee. Sullivan Histimates it will incur nominal, if any, fees and costs for the months of January through August 2021.

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SULLIVAN HILL’S ESTIMATED FEES AND COSTS BUDGET FOR THE MONTHS OF JANUARY THROUGH AUGUST 2021 II. CFP Gramercy SPE, Case No. 09-32849 Title to this property was held in the name of the related debtor SPE, CFP Gramercy. The property waold by the trustee in a Court approved auction and the proceeds have been fully disbursed pursuant to Coupproved distributions. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for the months anuary through August 2021. III. Fiesta Stoneridge, Case No. 09-32851 This property was held in the name of the related debtor SPE, Fiesta Stoneridge. The Court approveansfer of the estate’s membership interest in the SPE (the estate was the sole member) to Vindraugorporation. Its affiliate, Debt Acquisition Company of American V, LLC, filed a motion to dismiss thankruptcy, which the Court approved. The trustee and DACA settled all claims each had against the othecluding claims relating to Fiesta Stoneridge, and DACA released potential claims against certain third partieullivan Hill estimates that it will incur nominal, if any, fees and costs for the months of January througugust 2021. X. Fox Hills SPE, Case No. 09-32853 Loan servicing responsibility for this loan and property interests was moved to Cross FLS, as approvey order of this Court. The trustee assisted Cross in obtaining the early release of certain monies held by thheppard Mullin law firm and with the sale of some of the Fox Hills property and associated water righthich funds were disbursed pursuant to Court orders. Sullivan Hill estimates that it will incur nominal, if anees and costs for the months of January through August 2021. . HFAH Monaco SPE, Case No. 09-32868 This property was 100% owned by the ARC estate but title remained in the name of Compass Financiartners. The trustee obtained title to the property and sold it as approved by order of this Court. The trustee iolding the sale proceeds. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for the monthf January through August 2021. I. Huntsville SPE, Case No. 09-32873 This property and related loan interests were sold by the trustee at a Court approved auction. The salroceeds have been fully disbursed pursuant to Court approved distributions. Sullivan Hill estimates that it wicur nominal, if any, fees and costs for the months of January through August 2021. II. Lake Helen Partners SPE, Case No. 09-32875 Loan servicing responsibility for this loan and property interests was moved to Cross FLS, as approvey order of this Court. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for the months oanuary through August 2021.

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SULLIVAN HILL’S ESTIMATED FEES AND COSTS BUDGET FOR THE MONTHS OF JANUARY THROUGH AUGUST 2021 III. Ocean Atlantic SPE, Case No. 09-32878 All funds obtained by this estate have been fully disbursed pursuant to court approved distributions. Thustee filed a final accounting and distribution report for this estate and the Court has entered an ordeischarging the trustee and closing this case. Sullivan Hill estimates that it will incur nominal, if any, fees anosts for the months of January through August 2021. IV. Shamrock SPE, Case No. 09-32880 The loan for this property was foreclosed upon prior to the trustee’s appointment and title is held by thelated debtor SPE, Shamrock. The trustee is preparing a corrected distribution motion. Sullivan Hill estimateat it will incur $2,000 to $3,000 in fees and costs for the months of January through August 2021. V. 10-90 SPE, Case No. 09-32882 This SPE owned two parcels of land, one of which was a 27 acre parcel in Fontana, California. Thounty of San Bernardino was granted relief from stay to foreclose its tax lien against the parcel and the parcas sold at a tax auction. The parcel was sold for more than the accrued taxes and the trustee received thxcess proceeds of $115,969.98. The trustee will seek Court authorization to distribute these funds to the direnders associated with this loan. With Court authorization the trustee sold the SPE’s second parcel, 161 acref vacant land located in Jurupa Valley, California, for $1,100,000. Those sale proceeds have been fullisbursed pursuant to court approved distributions. Sullivan Hill estimates it will incur $3,000 to $5,000 in feend costs for the months of January through August 2021. VI. ARC v. 1823 Corp., Adv Case No. 09-01410 This adversary action has been dismissed. No fees or costs are expected to be incurred on this matter. VII. Leonard v. Silar, et al., Adv. Case No. 11-01100 This adversary action has been dismissed. No fees or costs are expected to be incurred on this matter. VIII. USA Commercial Mortgage, USDC Case No. 07-00892 (the “892 Action”) This litigation has been settled. Sullivan Hill estimates that it will incur nominal, if any, fees and costith respect to this litigation for the months of January through August 2021. IX. Appeals Litigation The estate is not currently a party to any active appeal. Sullivan Hill estimates it will incur nominal, ny, fees and costs for the months of January through August 2021.

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SULLIVAN HILL’S ESTIMATED FEES AND COSTS BUDGET FOR THE MONTHS OF JANUARY THROUGH AUGUST 2021 X. USA Commercial Mortgage, USBC Case No. 06-10725 This subfile relates to the bankruptcy proceedings filed by USA Commercial Mortgage. Sullivan Histimates that it will incur nominal, if any, fees and costs for the months of January through August 2021. XI. Financial Documents/Turnover Demands/R2004 Discovery With the settlement of the 892 Action the trustee is not proceeding with any examinations pursuant tederal Rule of Bankruptcy Procedure 2004. Sullivan Hill estimates it will incur nominal, if any, fees or cost January through August 2021. S XII. State Court Actions All state court actions involving the estate have been assigned to third parties through orders issued be Court. Sullivan Hill estimates it will incur nominal, if any XIII. Fee Applications Sullivan Hill estimates that it will incur approximately $2,000 to $5,000 in fees and costs for the monthf January 2021 and February 2021, relating to compliance with interim fee procedures, setting up variouubfiles and noticing procedures, and generally implementing the fee procedures approved by the Court, as wes assisting the trustee and other estate professionals to file and serve their own fee applications. XIV. Florida Tax Sales Sullivan Hill estimates the estate will incur nominal, if any, fees and costs for the months of Januarrough August 2021 relating to pending or threatened Florida tax sales. XV. BarUSA The servicing of this loan has been transferred to Vindrauga Corporation. Sullivan Hill estimates that ill incur nominal, if any, fees and costs for the months of January through August 2021. XVI. Bay Pompano All funds received relating to this loan have been fully disbursed through court approved distributionullivan Hill estimates that it will incur nominal, if any, fees and costs for the months of January througugust 2021. XVII. Binford Medical Loan servicing responsibility for this loan and property interests was moved first to Cross FLS and the Platinum, as approved by orders of the Court. Sullivan Hill estimates that it will incur nominal, if any, feend costs for the months of January through August 2021.

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SULLIVAN HILL’S ESTIMATED FEES AND COSTS BUDGET FOR THE MONTHS OF JANUARY THROUGH AUGUST 2021 XVIII. Brookemere This property is located in Cook County, Illinois and was under the supervision of the Court-appointeeceiver, Tom Grimmett. The receiver filed a petition for instructions or, in the alternative, to terminate theceivership. The Court has terminated the receivership and directed the B&B DL Settlement Trust (also knows the Qualified Settlement Trust or QST) to take over responsibility for this property and file a motion enablin to liquidate the property, which has not yet been done. Sullivan Hill estimates that it will incur nominal, ny, fees and costs for the months of January through August 2021. XIX. Castaic (including Barkett litigation) This subfile involves three loans in which the estate has an interest, Castaic I (also known as Tapianch), Castaic Partners II, and Castaic Partners III. ARC is no longer the servicer of these loans and nctivity is anticipated. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for the months oanuary through August 2021. XX. Comvest Loan servicing responsibility for this loan and property interests was moved to Cross FLS, as approvey order of this Court. With court approval the property was sold and the net sale proceeds have been fullisbursed pursuant to Court approved distributions. Sullivan Hill estimates that it will incur nominal, if anees and costs for the months of January through August 2021. XXI. Copper Sage The ARC estate’s interests in the Copper Sage loan were sold to Silver Point (SPCP Group, LLC) prio the trustee’s appointment. Due to a potential Sullivan Hill conflict, the trustee has retained separate couns negotiate with Silver Point. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for thonths of January through August 2021. XXII. Fiesta Murrieta The loan servicing responsibility for this loan property and property interests was moved to Cross FLs approved by order of this Court. Sullivan Hill estimates that it will incur nominal, if any, fees and costs fe months of January through August 2021. XXIII. Fiesta Murrieta – Ashby/Redman This file relates to a lawsuit in state court and subsequent bankruptcy by the loan guarantor/principaawrence E. Redman. ARC filed a claim in the bankruptcy which was settled and paid. Sullivan Hill estimate will incur nominal, if any, fees and costs for the months of January through August 2021.

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SULLIVAN HILL’S ESTIMATED FEES AND COSTS BUDGET FOR THE MONTHS OF JANUARY THROUGH AUGUST 2021 XXIV. Fiesta Murrieta - Clevenger This file relates to a state court lawsuit relating to the Fiesta Murrieta loan. Servicing of the loan waansferred to Cross, FLS. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for thonths of January through August 2021. XXV. Gardens his subfile involved three related loans and property interests. Through negotiations and various coupproved settlements detailed in prior notices, the trustee liquidated the estate’s interests in the loans and/roperties. ARC also pursued an adversary action against Gerald Cadesky, who guaranteed the loans. A defaudgment was entered against Mr. Cadesky for in excess of $35,000,000, however, the trustee is not aware ny assets which may be levied upon. Mr. Cadesky resides in Canada. The Orange County tax collector haecently filed a motion for relief from stay to sell tax certificates relating to the property. At present, the trusteoes not anticipate opposing the motion as it does not appear that would benefit the estate. Sullivan Histimates that it will incur $1,000 to $2,000 in fees and costs for the months of January through August. XXVI. Harbor Georgetown All funds held by the trustee relating to this loan have been fully disbursed pursuant to Court approveistributions. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for the months of Januarrough August 2021. XXVII. HFA Clear Lake Loan servicing responsibility for this loan and property interests was moved to Cross FLS, as approvey order of this Court. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for the months anuary 2021 through August 2021 on this matter. XXVIII. Margarita Annex Loan servicing responsibility for this loan and property interests was moved to Cross FLS, as approvey order of this Court. The property was sold and all funds received by the trustee relating to this loan haveen fully disbursed pursuant to Court approved distributions. Sullivan Hill estimates that it will incur nomina any, fees and costs for the months of January 2021 through August. XXIX. Marlton Square Loan servicing responsibility for this loan was transferred to Commercial Mortgage Managers (CMMMM and its affiliates liquidated the assets, however, a dispute arose between CMM and some of the direnders concerning CMM’s claimed expenses and fees. That dispute was settled but has not yet been fullplemented. Sullivan Hill estimates it will incur nominal, if any, fees and costs for the months of Januarrough August 2021.

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SULLIVAN HILL’S ESTIMATED FEES AND COSTS BUDGET FOR THE MONTHS OF JANUARY THROUGH AUGUST 2021 L. Palm Harbor The servicing responsibility for this loan and property interests was moved to CCM Pathfinder Pompanay, LLC pursuant to order of this Court. The property was sold and ARC received its servicer fee and expensimbursements, as well as its pro rata ownership distribution. Sullivan Hill estimates that it will incuominal, if any, fees and costs for the months of January 2021 through August 2021. LI. University Estates This loan was 100% owned by the ARC estate. With Court authorization the trustee sold the loan anelated rights to a third party. Sullivan Hill estimates that it will incur nominal, if any, fees and costs for thonths of January 2021 through August 2021. LII. ARC Claims against SPE’s The trustee, on behalf of ARC, filed claims against each special purpose entity which is a co-debtoith settlement of the 892 action as discussed above, the trustee has been able to have its claims against eacPE resolved when appropriate (e.g., when there are loan collections available to pay the claim). Sullivan Histimates it will incur nominal, if any, fees and costs for the months of January through August 2021. LIII. ARC Claims against Loans The trustee, on behalf of the jointly administered estates, has, when appropriate and in accordance witourt orders, filed a claim against each loan or property when its servicing was moved to a different loaervicer. With settlement of the 892 action as discussed above, the trustee has been able to have its claimgainst each loan resolved when appropriate (e.g., when there are loan collections available to pay the claimullivan Hill estimates that it will incur nominal, if any, fees and costs for the months of January througugust 2021. LIV. Claims Analysis/Objections The trustee has completed four rounds of objections to claims. Only three claims for administrativxpense remain against the Asset Resolution estate and the trustee is preparing objections to them. Sullivan Histimates it will incur $5,000 to $10,000 in fees and costs for the months of January 2021 through August. LV. Preference Actions The trustee filed sixteen preference actions which, as part of the 892 settlement agreement, weransferred to the liquidating trust. Sullivan Hill estimates it will incur nominal, if any, fees and costs for thonths of January 2021 through August. LVI. Malpractice Actions The trustee asserted claims and/or filed professional malpractice actions against firms which renderegal advice concerning the transactions which precipitated and/or were instrumental in the conduct which gav

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SULLIVAN HILL’S ESTIMATED FEES AND COSTS BUDGET FOR THE MONTHS OF JANUARY THROUGH AUGUST 2021 ise to the direct lenders’ litigation and claims against the estate. Under the 892 settlement agreement most ese claims have been transferred to the liquidating trust. Sullivan Hill estimates that it will incur nominal, ny, fees and costs for the months of January through August 2021. LVII. Oak Shores II At the request and for the benefit of the Oak Shores direct lenders the trustee obtained an orduthorizing post-petition financing for the development of that property. Efforts to market or otherwisonetize were unsuccessful and the lender was allowed to foreclose upon the property. As the direct lenderill not recover any value from this loan/property, pursuant to the Court’s ruling on February 24, 2020, Sullivaill will not seek payment of fees incurred on this matter during this period. LVIII. Bundy Canyon Land Development This case was initiated by three Bundy direct lenders filing an involuntary bankruptcy petition to preve tax sale. The court has entered and order discharging the trustee and closing the case. Sullivan Hill estimateat it will incur nominal, if any, fees and costs in January through August 2021.

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