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Posts Tagged ‘Hurst Financial Corp’

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Hurst records held hostage by family friend

Written on 18 Sep, 2008 in Uncovered SLO | 1 Comment

By KAREN VELIE and DANIEL BLACKBURN Investors of the failing Atascadero lender Hurst Financial Corp. (HFC) say they are being prevented from collecting their records by a relative of Hurst’s beleaguered president. Robert Borba of Stinchfield Financial, another hard money lender, was... (Continue reading)

BULLETIN: Gearhart crashing, burning

Written on 16 Sep, 2008 in Uncovered SLO | 1 Comment

By THE EDITORS Attorneys for North County developer Kelly Gearhart, the darling of Atascadero city officials, hard-money lenders, and local banks, encountered Judge Charles S. Crandall Tuesday morning. The San Luis Obispo County Superior Court jurist took position and control from... (Continue reading)

DUMPSTER CHRONICLES: Lender Hurst in a can

Written on 9 Sep, 2008 in Uncovered SLO | 2 Comments

FIRST IN A SERIES By KAREN VELIE and DANIEL BLACKBURN Atascadero lender Hurst Financial Corp. (HFC) is fielding accusations of fraud from a second state agency, but the company’s bigger problem might already be in the bag. Hurst’s president, James Hurst Miller Jr.,... (Continue reading)

Where did Hurst’s Beacon Road money go?

Written on 9 Jul, 2008 in Uncovered SLO | 9 Comments

By DANIEL BLACKBURN and KAREN VELIE Investors wooed by Atascadero hard money lender Hurst Financial’s owner Jay Miller raised $414,000 of an apparent $485,000 loan to help fund a new North County commercial park, but learned within four months that only... (Continue reading)

Hurst’s lending practices under scrutiny

Written on 10 May, 2008 in Uncovered SLO | 20 Comments

By KAREN VELIE and DANIEL BLACKBURN Hard money lending schemes and questionable business practices have jeopardized hundreds of millions of dollars of investors’ money and placed several San Luis Obispo financial firms directly in the path of a sweeping probe by... (Continue reading)

Fraud lawsuit filed against Gearhart, Hurst

Written on 6 May, 2008 in Uncovered SLO | 40 Comments

By KAREN VELIE and DANIEL BLACKBURN Local investors are alleging they were bilked out of millions by Hurst Financial and developer Kelly Gearhart. David Rios and Murray Powell filed an 11-count lawsuit Tuesday in San Luis Obispo County Superior Court. Allegations include... (Continue reading)

CORRECTION

Written on 1 May, 2008 in Uncovered SLO | 2 Comments

In an April 29 story about Paso Robles’ Vista del Hombre project, UncoveredSLO.com reported incorrectly that “Hurst has not foreclosed on Vista del Hombre, despite its contractual promise to protect investors if developers are delinquent on their agreements for at... (Continue reading)

Gearhart’s $28 million Paso project imperiled

Written on 29 Apr, 2008 in Uncovered SLO | 17 Comments

By DANIEL BLACKBURN and KAREN VELIE It’s only a few second’s drive time between the weathered plywood sign on Paso Robles' Jardine Road announcing the imminent approach of “Vista del Hombre,” and its equally unimpressive, unmarked entrance, but that brief moment... (Continue reading)

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