Replies to post #96334 on JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

Pavicic's RECON SERVICES LLC does residential remodeling, siding and roofing. He reported 4 employees and received two Covid bail out loans:

$64,957 on 4/9/2020 --forgiven on 9/2/2021
$66,656 on 3/30/2021 --forgiven 4/21/2022
https://projects.propublica.org/coronavirus/bailouts/search?q=RECON+SERVICES+LLC&v=1
No bailouts for his HAMILTON STREET ASSOCIATES. However, his RECON website 510 Hamilton as the main photo on its home page https://www.reconbuilds.com/

HAMILTON STREET ASSOCIATES was created on 5/4/2014 and headquartered in his house. https://www.bizapedia.com/nj/hamilton-street-associates-llc.html#google_vignette

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."

On 6/6/2022 HAMILTON STREET ASSOCIATES LLC was amended to add Pavic and G2 FINANCE LLC as ''members'' of Hamilton Street Associates. John Park is the registered agent or that filing.

I don't see how either of these two goobers could personally finance the construction of 510 Hamilton. What seems more plausible is that EB-5 investors put up the money-- possibly followers of the University Bible Fellowship cult which has ''missions'' in several countries. >IF TRUE< then I would think those investors are the actual owners of the property. If I'm right then what gives Park the right to use it as an asset in a public company?

[I ll be back]

Here's how this is normally handled.

This is the address of Recon Services, LLC, a company owned by Perry Pavicic. Pavcic is the the original managing member of Hamilton Street Associates, LLC.
https://www.thebluebook.com/iProView/1264647/recon-services-llc/subcontractors/locations-contacts/
Did Park set this up so he can claim he never received the tax bills? If the ownership truly transferred to Park and the bank has been properly notified, the tax office should have the correct address on the bill. (They will need the correct address to send the tax sale notice)

It is NOT uncommon to see a management company or in this case another LLC listed as the point of contact for an apartment project. This is why the attorney or municipally will take the time to send the foreclosure notice to the manager, LLC and the actual owner listed with the county public records.

A property owner (Parks???) will not get to hide behind; "I didn't get my notice". The filer (tax office) will also provide a "public" notice (local paper) of the sale. Bottom line, the owner knows when the taxes are not paid.