Order | Filed: September 04, 2026
| Entered: September 04, 2026
SummitBridge Wealth Management LLC et al v. Lighthouse Estates LLC et al
Racketeer/Corrupt Organization | New York Eastern
Order on Motion for Pre Motion Conference
ORDER granting 166 . Having reviewed 166 Plaintiffs' letter motion and 173 the KPL Defendants' response, the Court construes Plaintiffs' pre-motion conference letter as a motion seeking a court order compelling the transfer of funds and hereby GRANTS the motion.
On February 10, 2026, Red Door Legacy LLC and certain other Defendants stipulated to a Temporary Restraining Order ("TRO"), (ECF No. 38 ), which the Court So-Ordered on February 13, 2026. Under the terms of the stipulated TRO, Red Door Legacy LLC is restrained from, inter alia, "selling, assigning, transferring, encumbering, pledging, or otherwise disposing of" any interest in: "(a) any real property, whether domestic or foreign, presently or previously acquired, held, or marketed by... Red Door Legacy LLC... or any other entity they control," and "(b) any real property, whether domestic or foreign, acquired, held, or marketed using funds originating from Plaintiffs loans or from other private money lenders in the Lighthouse network, including any proceeds or refinancing of such properties, whether held directly or indirectly, including through nominees, affiliates, or related entities." (Id. § 1 (emphasis added).) The restraint extends to, inter alia: "(a) all bank, brokerage, and crypto accounts, whether domestic or foreign, in the name of any defendant, entity, individual defendant, whether held directly or indirectly, including assets held by nominees, agents, subsidiaries, affiliates, or other related entities," and "(c) any accounts or assets, whether domestic or foreign, held in the name of nominees, relatives, shell entities, or affiliates over which... the entity defendants exercise direct or indirect control." (Id. § 2.) The TRO also expressly prohibits "workouts or deeds-in-lieu or deeds in favor of any Defendant... or individual affiliated, directly or indirectly, with any defendant," expressly including Kentucky Private Lending. (Id. § 5.)
Additionally, on July 8, 2026, the Court appointed an equity receiver over Defendant entities including Red Door Legacy LLC and "all of their assets (wherever located), successor entities, nominees, custodians, and holders of property owned or controlled by [the named entities]." (ECF No. 120 § 3.) The Court granted the Receiver authority "[t]o disburse the net proceeds of Receivership Assets pursuant to Court order as may be hereinafter entered[,]" among other things. (Id. § 2.u.)
Plaintiffs' letter motion informs the Court that proceeds from properties owned by Red Door Legacy LLC are being collected as rent by Defendants Kentucky Private Lending, LLC, Aaron Metten, Eric Payne, and KYPL Holdings 1, LLC (together, the "KPL Defendants"). (See ECF No. 166 .) The TRO expressly prohibits the transfer, disposal, or pledging of these proceeds. Accordingly, the KPL Defendants are hereby ORDERED to immediately transfer to the Court-appointed Receiver any funds or assets received from Defendant Red Door Legacy LLC since February 13, 2026. This order applies to proceeds collected as rent from tenants in any property owned by Red Door Legacy LLC as of February 13, 2026. The Receiver shall not use or disburse these specific funds absent a Court order. Additionally, the Court orders expedited discovery into the collection of rents by the KPL Defendants from properties owned by Red Door Legacy LLC since December 1, 2025. Any questions regarding implementation of this order are respectfully referred to Magistrate Judge Tiscione. Ordered by Judge Joan M. Azrack on 9/4/2026. (TRN)