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IN RE SARGENT RANCH, LLC

Case No. 10-00046-PB11.

In re: SARGENT RANCH, LLC, A CALIFORNIA LIMITED COMPANY, Debtor.

United States Bankruptcy Court, S.D. California.

May 17, 2011.

NOT FOR PUBLICATION

ORDER ON TRUSTEE'S BORROWING MOTION

PETER W. BOWIE, Chief Judge.

Before the Court is the motion to authorize superpriority borrowing, filed by the Chapter 11 trustee. The trustee seeks to borrow the sum of $808,000, in two phases. The first would yield $350,000 and the second, if sequentially authorized would yield an additional $325,000. The remainder of the loan would constitute prepaid interest and fees. The term of the loan...

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