Categories
North St. Louis Northside Regeneration

How to Hide an Empire

by Michael R. Allen

Anyone wondering who is making purchase loans to the Blairmont family of companies will have to keep guessing. While purchases made from 2003 through 2005 did not have accompanying deeds of trust filed (with one exception), purchases made late in 2006 with new front companies have had deeds of trust of varying amounts. However, the companies recorded as the lenders are as cloaked as the acquisition companies — and each “lender” is company specific.

MLK 3000 LLC gets all of its loans from the Parkburg Fund LC, incorporated on August 17, 2006 by CT Corporation System, a third-party incorporator.

Dodier Investors LLC gets all of its loans from Rice Capital Group LLC, incorporated on August 8, 2006 by the CT Corporation System.

The newest front company, Sheridan Place LC, gets all of its loans through the Lincoln Asset Allocation Fund LLC, incorporated July 28, 2006 by the CT Corporation System.

The three acquisition companies began purchases in September after the lending companies were created. Where the money comes from and where it goes is thus neatly hidden from scrutiny.

Leave a Reply

Your email address will not be published. Required fields are marked *