0001209191-11-035366.txt : 20110617 0001209191-11-035366.hdr.sgml : 20110617 20110617173419 ACCESSION NUMBER: 0001209191-11-035366 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110607 FILED AS OF DATE: 20110617 DATE AS OF CHANGE: 20110617 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: 1231 BUSINESS ADDRESS: STREET 1: 4900 NORTH SCOTTSDALE ROAD, SUITE 5000 CITY: SCOTTSDALE STATE: AZ ZIP: 85251 BUSINESS PHONE: 480-840-8400 MAIL ADDRESS: STREET 1: 4900 NORTH SCOTTSDALE ROAD, SUITE 5000 CITY: SCOTTSDALE STATE: AZ ZIP: 85251 FORMER COMPANY: FORMER CONFORMED NAME: IMH Secured Loan Fund, LLC DATE OF NAME CHANGE: 20070424 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Desert Stock Acquisition I LLC CENTRAL INDEX KEY: 0001523632 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 11919650 BUSINESS ADDRESS: STREET 1: C/O NWRA VENTURES I, LLC STREET 2: 10 CUTTER MILL ROAD, SUITE 402 CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 646-723-4756 MAIL ADDRESS: STREET 1: C/O NWRA VENTURES I, LLC STREET 2: 10 CUTTER MILL ROAD, SUITE 402 CITY: GREAT NECK STATE: NY ZIP: 11021 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: JUNIPER NVM, LLC CENTRAL INDEX KEY: 0001523635 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 11919646 BUSINESS ADDRESS: STREET 1: 981 LINDA FLORA DRIVE CITY: LOS ANGELES STATE: CA ZIP: 90049 BUSINESS PHONE: (213) 633-2365 MAIL ADDRESS: STREET 1: 981 LINDA FLORA DRIVE CITY: LOS ANGELES STATE: CA ZIP: 90049 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NWRA Ventures I, LLC CENTRAL INDEX KEY: 0001523636 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 11919651 BUSINESS ADDRESS: STREET 1: 10 CUTTER MILL ROAD, SUITE 402 CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 646-723-4756 MAIL ADDRESS: STREET 1: 10 CUTTER MILL ROAD, SUITE 402 CITY: GREAT NECK STATE: NY ZIP: 11021 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NWRA Ventures Management I, LLC CENTRAL INDEX KEY: 0001523637 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 11919649 BUSINESS ADDRESS: STREET 1: C/O NWRA VENTURES I, LLC STREET 2: 10 CUTTER MILL ROAD, SUITE 402 CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 646-723-4756 MAIL ADDRESS: STREET 1: C/O NWRA VENTURES I, LLC STREET 2: 10 CUTTER MILL ROAD, SUITE 402 CITY: GREAT NECK STATE: NY ZIP: 11021 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NWRA Red Rock I, LLC CENTRAL INDEX KEY: 0001523638 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 11919648 BUSINESS ADDRESS: STREET 1: C/O NWRA VENTURES I, LLC STREET 2: 10 CUTTER MILL ROAD, SUITE 402 CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 646-723-4756 MAIL ADDRESS: STREET 1: C/O NWRA VENTURES I, LLC STREET 2: 10 CUTTER MILL ROAD, SUITE 402 CITY: GREAT NECK STATE: NY ZIP: 11021 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Five Mile Capital Partners LLC CENTRAL INDEX KEY: 0001523685 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 11919643 BUSINESS ADDRESS: STREET 1: 3 STAMFORD PLAZA STREET 2: 301 TRESSER BLVD., 12TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-905-0950 MAIL ADDRESS: STREET 1: 3 STAMFORD PLAZA STREET 2: 301 TRESSER BLVD., 12TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Five Mile Capital II Equity Pooling LLC CENTRAL INDEX KEY: 0001523688 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 11919644 BUSINESS ADDRESS: STREET 1: 3 STAMFORD PLAZA STREET 2: 301 TRESSER BLVD., 12TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-905-0950 MAIL ADDRESS: STREET 1: 3 STAMFORD PLAZA STREET 2: 301 TRESSER BLVD., 12TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Five Mile Capital II IMH Investment SPE LLC CENTRAL INDEX KEY: 0001523690 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52611 FILM NUMBER: 11919645 BUSINESS ADDRESS: STREET 1: 3 STAMFORD PLAZA STREET 2: 301 TRESSER BLVD., 12TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-905-0950 MAIL ADDRESS: STREET 1: 3 STAMFORD PLAZA STREET 2: 301 TRESSER BLVD., 12TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 3 1 c18961_3x1.xml MAIN DOCUMENT DESCRIPTION X0203 3 2011-06-07 0 0001397403 IMH Financial Corp NONE 0001523636 NWRA Ventures I, LLC 10 CUTTER MILL ROAD SUITE 402 GREAT NECK NY 11021 0 0 1 0 0001523632 Desert Stock Acquisition I LLC C/O NWRA VENTURES I, LLC 10 CUTTER MILL ROAD, SUITE 402 GREAT NECK NY 11021 0 0 1 0 0001523637 NWRA Ventures Management I, LLC C/O NWRA VENTURES I, LLC 10 CUTTER MILL ROAD, SUITE 402 GREAT NECK NY 11021 0 0 1 0 0001523638 NWRA Red Rock I, LLC C/O NWRA VENTURES I, LLC 10 CUTTER MILL ROAD, SUITE 402 GREAT NECK NY 11021 0 0 1 0 0001523635 JUNIPER NVM, LLC C/O JUNIPER CAPITAL PARTNERS, LLC 981 LINDA FLORA LOS ANGELES CA 90049 0 0 1 0 0001523690 Five Mile Capital II IMH Investment SPE LLC C/O FIVE MILE CAPITAL PARTNERS LLC 3 STAMFORD PLZ., 301 TRESSER BLVD, 12 FL STAMFORD CT 06901 0 0 1 0 0001523688 Five Mile Capital II Equity Pooling LLC C/O FIVE MILE CAPITAL PARTNERS LLC 3 STAMFORD PLZ., 301 TRESSER BLVD, 12 FL STAMFORD CT 06901 0 0 1 0 0001523685 Five Mile Capital Partners LLC 3 STAMFORD PLAZA 301 TRESSER BLVD, 12TH FLOOR STAMFORD CT 06901 0 0 1 0 Class B-1 1423 I See Footnote Class B-2 1423 I See Footnote Class B-3 2849 I See Footnote Class B-4 313789 I See Footnote Promissory Note 9.58 2011-06-07 2016-06-06 Common Stock, par value $0.01 7123594 D See Joint Filer Information on Exhibit 99.1 for information with respect to the nature of NWRA Ventures I, LLC's indirect ownership and the persons jointly filing this report. The Reporting Person disclaims beneficial ownership of these securities except to the extent of the Reporting Person's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. The number of securities listed assumes the conversion of the Promissory Note into the Company's Series A preferred stock and then into Common Stock and assumes the maximum deferred interest elections on the Promissory Note or the maximum paid in kind dividend elections on the Series A preferred stock, as applicable. /s/ Andrew N. Stark, Authorized Signatory 2011-06-17 EX-99.1 2 c18961_99x1.htm ADDITIONAL EXHIBITS Exhibit 99.1
Exhibit 99.1
Form 3 Joint Filer Information
         
Names of the Reporting Persons:
  •   Desert Stock Acquisition I LLC, a Delaware limited liability company (“Desert Stock Acquisition I”);
 
        
 
  •   NWRA Ventures I, LLC, a Delaware limited liability company and the 100% owner of Desert Stock Acquisition (“NWRA Ventures I”);
 
        
 
  •   NWRA Ventures Management I, LLC, a Delaware Limited Liability Company and the managing member of NWRA Ventures I (“NWRA Ventures Management I”);
 
        
 
  •   NWRA Red Rock I, LLC, a Delaware limited liability company and the managing member of NWRA Ventures Management I (“NWRA Red Rock I”);
 
        
 
  •   Juniper NVM, LLC, a Delaware limited liability company and a member of NWRA Ventures Management I (“Juniper NVM”);
 
        
 
  •   Five Mile Capital II IMH Investment SPE LLC, a Delaware limited liability company and a member of NWRA Ventures I (“Five Mile Capital II”);
 
        
 
  •   Five Mile Capital II Equity Pooling LLC, a Delaware limited liability company and the sole member of Five Mile Capital II (“Five Mile Capital II Equity Pooling”); and
 
        
 
  •   Five Mile Capital Partners LLC, a Delaware limited liability company and the manager of Five Mile Capital II Equity Pooling (“Five Mile Capital Partners”).
 
        
Address for Desert Stock Acquisition I, NWRA Ventures I, NWRA Ventures Management and NWRA Redrock I:   c/o NWRA Ventures I, LLC, 10 Cutter Mill Road,
Suite 402, Great Neck, NY I 11021
 
        
Address for Juniper NVM:   c/o Juniper Capital Partners, LLC,
981 Linda Flora, Los Angeles,
California 90049
 
        
Address for Five Mile Capita II, Five Mile Capital II Equity Pooling and Five Mile Capital Partners:   c/o Five Mile Capital Partners LLC, 3
Stamford Plaza, 301 Tresser
Blvd, 12th Floor, Stamford, CT 06901
 
        
Date of Event Requiring Statement for each of the Reporting Persons:   June 7, 2011
 
        
Designated Filer for each of the Reporting Persons:   NWRA Ventures I, LLC
 
        
Issuer Name & Ticker or Trading Symbol for each of the Reporting Persons:   IMH Financial Corporation; None
As of June 7, 2011, the Reporting Persons had the shared direct and indirect interests listed below in the common stock of (the “Shares”) of IMH Financial Corporation. The number of Shares listed for each Reporting Person below assumes the conversion of the Promissory Note into the Company’s Series A preferred stock and then into Shares and assumes the maximum deferred interest elections on the Promissory Note or the maximum paid in kind dividend elections on the Series A preferred stock, as applicable.
  •   Desert Stock Acquisition I is the indirect beneficial owner of 7,123,594 Shares;
  •   NWRA Ventures I, as a lender to the Issuer, is the direct beneficial owner of 7,123,594 Shares;
  •   NWRA Ventures Management I, as the managing member of NWRA Ventures I, is the indirect beneficial owner of 7,123,594 Shares;
  •   NWRA Red Rock I, as the managing member of NWRA Ventures Management I, is the indirect beneficial owner of 7,123,594 Shares;
  •   Juniper NVM, as a member of NWRA Ventures Management I, is the indirect beneficial owner of 7,123,594 Shares;
  •   Five Mile Capital II, as a member of NWRA Ventures I, is the indirect beneficial owner of 7,123,594 Shares;
  •   Five Mile Capital II Equity Pooling, as the sole member of Five Mile Capital II, is the indirect beneficial owner of 7,123,594 Shares; and
  •   Five Mile Capital Partners, as the manager of Five Mile Capital II Equity Pooling, is the indirect beneficial owner of 7,123,594 Shares.
As of June 7, 2011, the Reporting Persons had the following shared direct and indirect interests in Class B-1 Common Stock (“Class B-1 Shares”), Class B-2 Common Stock (“Class B-2 Shares”), Class B-3 Common Stock (“Class B-3 Shares”) and Class B-4 Common Stock (“Class B-4 Shares”) of IMH Financial Corporation:
                                 
        Class B-1   Class B-2   Class B-3   Class B-4
        Shares   Shares   Shares   Shares
                                 
• Desert Stock Acquisition I is the direct beneficial owner of:
     1,432       1,432       2,849       313,789  
• NWRA Ventures I, as a lender to the Issuer, is the indirect beneficial owner of:
     1,432       1,432       2,849       313,789  
• NWRA Ventures Management I, as the managing member of NWRA Ventures I, is the indirect beneficial owner of:
     1,432       1,432       2,849       313,789  
• NWRA Red Rock I, as the managing member of NWRA Ventures Management I, is the indirect beneficial owner of:
     1,432       1,432       2,849       313,789  
• Juniper NVM, as a member of NWRA Ventures Management I, is the indirect beneficial owner of:
     1,432       1,432       2,849       313,789  
• Five Mile Capital II, as a member of NWRA Ventures I, is the indirect beneficial owner of:
     1,432       1,432       2,849       313,789  
• Five Mile Capital II Equity Pooling, as the sole member of Five Mile Capital II, is the indirect beneficial owner of:
     1,432       1,432       2,849       313,789  
• Five Mile Capital Partners, as the manager of Five Mile Capital II Equity Pooling, is the indirect beneficial owner of:
     1,432       1,432       2,849       313,789  
Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of the Reporting Person’s pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
         
Desert Stock Acquisition I LLC a Delaware limited liability company
   /s/ Andrew N. Stark, Authorized Signatory
 
**Signature of Reporting Person 		  Date: June 17, 2011
NWRA Ventures Management I, LLC a Delaware limited liability company   /s/ Andrew N. Stark, Authorized Signatory
 
**Signature of Reporting Person 		  Date: June 17, 2011
NWRA Red Rock I, LLC a Delaware limited liability company   /s/ Andrew N. Stark, Authorized Signatory
 
**Signature of Reporting Person 		  Date: June 17, 2011
Juniper NVM, LLC a Delaware limited liability company   /s/ Jay Wolf, Authorized Signatory
 
**Signature of Reporting Person 		  Date: June 17, 2011
Five Mile Capital II IMH Investment SPE LLC a Delaware limited liability company        
By: Five Mile Capital II Equity Pooling LLC a Delaware limited liability company, its sole member        
By: Five Mile Capital Partners LLC a Delaware limited liability company, its manager   /s/ James G. Glasgow, Jr., Managing Director
 
**Signature of Reporting Person 		  Date: June 17, 2011
Five Mile Capital II Equity Pooling LLC a Delaware limited liability company        
By: Five Mile Capital Partners LLC a Delaware limited liability company, its manager   /s/ James G. Glasgow, Jr., Managing Director
 
**Signature of Reporting Person 		  Date: June 17, 2011
Five Mile Capital Partners LLC a Delaware limited liability company   /s/ James G. Glasgow, Jr., Managing Director
 
**Signature of Reporting Person 		  Date: June 17, 2011
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).