Security National Real Estate Loan Units Enter Ch. 11

Law360, New York (October 17, 2011, 6:12 PM EDT) -- Several subsidiaries of loan acquisition firm Security National Master Holding Co. LLC that invest in real estate filed for Chapter 11 protection in Delaware on Thursday, saying they could not weather the downturn in the financial market connected to commercial properties.

Security National Properties Funding III LLC, which listed between $10 million and $50 million in assets and between $100 million and $500 million in debt, was one of 10 subsidiaries to file.

Security National Master Holding Co., which is not among the entities seeking bankruptcy...
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