0001397403-14-000041.txt : 20140804 0001397403-14-000041.hdr.sgml : 20140804 20140804195614 ACCESSION NUMBER: 0001397403-14-000041 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140724 FILED AS OF DATE: 20140804 DATE AS OF CHANGE: 20140804 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: IMH Financial Corp CENTRAL INDEX KEY: 0001397403 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 810624254 STATE OF INCORPORATION: DE FISCAL YEAR END: 0729 BUSINESS ADDRESS: STREET 1: 7001 NORTH SCOTTSDALE ROAD, SUITE 2050 CITY: SCOTTSDALE STATE: AZ ZIP: 85253 BUSINESS PHONE: 480-840-8400 MAIL ADDRESS: STREET 1: 7001 NORTH SCOTTSDALE ROAD, SUITE 2050 CITY: SCOTTSDALE STATE: AZ ZIP: 85253 FORMER COMPANY: FORMER CONFORMED NAME: IMH Secured Loan Fund, LLC DATE OF NAME CHANGE: 20070424 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bain Lawrence D CENTRAL INDEX KEY: 0001346979 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 141014391 MAIL ADDRESS: STREET 1: 7970 SOUTH KYRENE ROAD CITY: TEMPE STATE: AZ ZIP: 85284 3 1 wf-form3_140719656372807.xml FORM 3 X0206 3 2014-07-24 0 0001397403 IMH Financial Corp NONE 0001346979 Bain Lawrence D 7001 N. SCOTTSDALE RD., SUITE #2050 SCOTTSDALE AZ 85253 1 1 0 0 President and CEO Common stock, par value $0.01 per share 50000 D Warrant 2014-07-24 2024-07-24 Common stock, par value $0.01 per share 1000000.0 I By ITH Partners, LLC Option 9.58 2011-07-01 2021-08-01 Common stock, par value $0.01 per share 150000.0 I By ITH Partners, LLC On July 24, 2014, ITH Partners, LLC, a company founded and owned 100% by Mr. Bain, received a warrant to purchase 1,000,000 shares of IMH Financial Corporation, common stock, par value $0.01 ("Common Stock"), at a per share exercise price equal to the fair market of the Common Stock, on a per share basis, as determined by IMH Financial Corporation as of July 24, 2014. IMH Financial Corporation has yet to determine such price. The warrant contains standard anti-dilution provisions. Exhibit 24 - Power of Attorney /s/ Molly Z. Brown POA for Lawrence D. Bain 2014-08-04 EX-24 2 ex-24.htm BAIN POA

POWER OF ATTORNEY

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Howard Groedel, John M. McVey, James Abood, and Molly Brown signing singly, the undersigned's true and lawful attorney-in-fact to:

(1) take any action of any type whatsoever in connection with the implementation of EDGAR filings and filing capability which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is IMH Financial Corporation assuming, any of the undersigned's responsibilities to comply with the Securities Exchange Act of 1934 or the Securities Act of 1933, or any other liabilities or obligations.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to make EDGAR filings, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 31st day of July, 2014.

/s/ Lawrence D. Bain
Print Name: Lawrence D. Bain