JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

Does a legal entity need permission transfer an asset it owns to another entity it owns without permission from the lender? But what about transferring that asset to another legal entity it DOESN'T own? The big question seems to be whether Hamilton Street Associates LLC also owns SPOOZ. As posted previously

1) Hamilton Street Associates LLC was created 10 years ago by Perry Pavicic who built the apartment at 510 Hamilton.
https://www.bizapedia.com/nj/hamilton-street-associates-llc.html

2) On 4/4/2017 Park was listed as the registered agent for the formation of G2 FINANCE LLC whose stated business purpose is "raising up EB5 investments." The "EB-5 Immigrant Investor Program."

3) Sometime around 2019 the complex at 510 Hamilton was constructed (see Pavicic photo below) . I've not found any evidence that Park provided any EB-5 foreign investors to help fund that project. Online sources indicate JKP has lived in a 4th floor apartment. The phone number to lease an apartment is tied to him via his defunct "5 Loaves & 2 Fishes" charity which IMO means he manages the complex. He also manages and may own the Korean BBQ Grill in the complex. IMO he may well have gotten an EB-5 investor to pay for that.

4) On 6/6/2022 the HSA LLC was amended to add JKP's FINANCE LLC as a ''member'' of Hamilton Street Associates LLC. JKP also appears to be the registered agent or that filing.
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BANK LOAN
2017 transfer information (Purchase of 510 Hamilton property)
Instrument Number: 2017009801
Record Date: 3/8/2017
Book Type: OPR - OFFICIAL PUBLIC RECORDS
Book/Page: 6945/3341
Instrument #2017009801
Number Of Pages: 7
Doc Type: DEED TRNS - DEED TRANSFER-NO CONSIDERATION
First Party: HAMILTON STREET ASSOCS LLC
Second Party: HAMILTON STREET ASSOCS LLC
Returnee: (seller) PETER U LANFRIT LLC 3000 HADLEY RD STE 1C SOUTH PLAINFIELD NJ 07080
Legal Description: LT 1.02 BLK 182 FRANKLIN TWP
Mailback:
PETER U LANFRIT LLC
3000 HADLEY RD
SOUTH PLAINFIELD, NJ 07080

(SOURCE--- monitor for any deed transfers)
https://liveacclaim.co.somerset.nj.us/AcclaimWeb/Document/DocDetails?incomingTransactionItemId=cyFlLZdZmHkDIs1IqL0wyj97MF0OLWrpt12rHxqvJTJzWrAZyJjKXtXxonSsSB53&rowId=1

DD from April https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174258215

Formation of HAMILTON STREET ASSOCIATES LLC in 2014


Formation of JKP's G2 FINANCE LLC in 2017


Amendment to HSA's "Certificate of Amendment" filed on 6/6/2022 adding JKP (individually) as a "member of HSA"


Property Tax Assessment on 510 Hamilton a/o 5/1/2024


I wonder if Pavicic is even aware of JKP's plan? Nothing would surprise me
Perry Pavicic (right with cap) on 7/10/2019