RAIT Financial Trust (fka RASFQ)

[Stockminder]

Objection to Debtors Bidding Procedures Motion (related document(s)[53]) Filed by REIT Administration, LLC (Chipman, William)

Docket # 70 Filed Sep 25 2019 (6 pages)

"REIT ADMINISTRATION, LLC’S OBJECTION TO DEBTOR’S BIDDING PROCEDURES MOTION

REIT Administration, LLC (“REIT”), as administrative agent for the 125 unaffiliated preferred shareholders of Taberna Realty Finance Trust (“Taberna”), hereby objects to the Debtors’ Motion for Entry of an Order (I) Establishing the Bidding Procedures, Including Approval of a Break-Up Fee and Expense Reimbursement, (II) Approving Sale of Substantially All of the Debtors’ Assets Free and Clear of all Liens, Claims, Interests and Encumbrances, and (III) Granting Related Relief [Docket No. 53] (the “Motion”). In support hereof, REIT states as
follows:..."

https://document.epiq11.com/document/getdocumentbycode/?docId=3489387&projectCode=RTF&source=DM