Friar Apartments v. Overland Direct CA2/2

CourtCalifornia Court of Appeal
DecidedJuly 30, 2025
DocketB328258
StatusUnpublished

This text of Friar Apartments v. Overland Direct CA2/2 (Friar Apartments v. Overland Direct CA2/2) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Friar Apartments v. Overland Direct CA2/2, (Cal. Ct. App. 2025).

Opinion

Filed 7/30/25 Friar Apartments v. Overland Direct CA2/2 NOT TO BE PUBLISHED IN THE OFFICIAL REPORTS California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

SECOND APPELLATE DISTRICT

DIVISION TWO

FRIAR APARTMENTS, LLC, B328258 (Los Angeles County Plaintiff and Appellant, Super. Ct. No. 22VECV01357) v.

OVERLAND DIRECT, INC.,

Defendant and Respondent.

APPEAL from a judgment of the Superior Court of Los Angeles County, Huey P. Cotton, Judge. Reversed and remanded.

Manatt, Phelps & Phillips, Benjamin G. Shatz, Benjamin E. Strauss; and Philip A. Metson for Plaintiff and Appellant.

Williams Iagmin, Jon R. Williams; Hill, Farrer & Burrill, Daniel J. McCarthy; and Blanchard Krasner & French, Kipp Williams and John F. Whittemore for Defendant and Respondent. This appeal occurs within the backdrop of several contentious lawsuits across California involving complex real estate dealings made in the midst of the 2008 global financial crisis.1 The particular property involved in this matter is a 14- unit apartment building on Friar Street in Van Nuys (Friar property). Relying on a judgment entered by another court and its own factual findings based on judicially noticed matters, the trial court determined on demurrer that plaintiff and appellant Friar Apartments, LLC (appellant), held no interest in the Friar property. Appellant appeals from the trial court’s judgment of dismissal following defendant and respondent Overland Direct, Inc.’s (respondent or Overland) successful demurrer.2 We conclude the judgment relied upon in sustaining the demurrer cannot be a basis for dismissing the action because the judgment has since been vacated by the Fourth District Court of Appeal in a nonpublished opinion, Overland Direct, Inc. v. Esola Capital Investment, LLC (Feb. 28, 2024, D080447) (Overland Direct). Further, the trial court could not properly sustain the demurrer based on its own factual findings derived from judicially noticed matters. Thus, we reverse and remand to have a new order entered overruling the demurrer.

1 We granted appellant’s and respondent’s requests for judicial notice of court records in the other actions relating to this case. 2 Appellant also filed a motion for reconsideration, which the court denied. Respondent claims appellant is appealing from the denial of the motion for reconsideration, but the record does not support this assertion. Regardless, “[d]enial of a motion for reconsideration is not an appealable order.” (People v. Safety National Casualty Corp. (2010) 186 Cal.App.4th 959, 973.)

2 BACKGROUND Background facts The parties’ relationship and dealings as to the Friar property Respondent is the record owner of the Friar property, claiming title after a trustee’s sale in November 2021. Respondent’s title is subject to a first deed of trust and assignment of rents executed by A&S Boulevard, LLC (A&S), as trustor, to American Securities Company, as trustee, for the benefit of Wells Fargo Bank National Association (Wells Fargo), as beneficiary. This deed of trust secures a $2.4 million loan Wells Fargo issued to A&S. Appellant paid Wells Fargo to obtain assignment of this loan and deed of trust. This payment included the outstanding principal and accrued interest, as well as Wells Fargo’s attorney’s fees to defend its status as a secured lender. Ownership and title disputes relating to the Friar property This case is among many other ownership and title disputes relating to the Friar property, the facts of which provide the context needed to understand this matter. In 2007, respondent Overland made loans to California property owners secured by liens on real property. Overland issued a loan to Michael Cartwright, secured by a first deed of trust on real property located in El Cajon (Cartwright property), which was owned by his business, Cartwright Termite & Pest Control, LLC (Cartwright Termite). Overland also made a loan to Sarkis Grigoryan to construct the Friar property, secured by a first deed of trust on the property.

3 Following the financial crisis, Daniel Tepper, the owner of Esola Capital Investment, LLC (Esola), was hired to assess Overland’s assets and records. Overland’s deeds of trust were ultimately assigned to Esola, which included the first trust deeds on the Friar and Cartwright properties. The validity and scope of these assignments are heavily disputed. Esola subsequently assigned the Friar property note and deed of trust to A&S. In November 2012, A&S foreclosed on the note and became the fee simple owner through a trustee’s sale. Once A&S took possession of the Friar property, A&S spent over $ 1 million to complete construction of a then partially completed 14-unit apartment building on the property. After the construction concluded, A&S obtained the aforementioned $2.4 million loan from Wells Fargo. In 2010, Esola attempted to foreclose on the first trust deed on the Cartwright property after Cartwright Termite defaulted. To prevent the foreclosure, Cartwright Termite filed an action against Esola and Tepper in San Diego County Superior Court, Cartwright Termite & Pest Control, Inc. v. Esola Capital Investment, LLC (37-2011-00071216-CU-OR-EC) (Cartwright action). The Cartwright action involved the Cartwright property in El Cajon, not the Friar property. A&S and Wells Fargo were not parties to or served with a summons and complaint in the Cartwright action. Judge Eddie C. Sturgeon presided over the Cartwright action. The trial court dismissed all of Cartwright Termite’s causes of action, except for its declaratory relief claim. When the court ruled Cartwright Termite lacked standing to sue Esola and Tepper for fraud in 2013, Cartwright sought to acquire Overland from the bankruptcy estate of its purported owner, Doron Ezra. Cartwright eventually purchased “the Estate’s interest, if any” in Overland.

4 Afterwards, Cartwright, purportedly acting as Overland, filed a series of complaints. Overland filed a complaint in intervention in January 2016 against Esola and Tepper in the Cartwright action, alleging claims for fraud and declaratory relief with respect to the two assignments of the Cartwright property deed of trust. A&S and Wells Fargo were not parties to or served with a summons and complaint in this complaint in intervention. Overland (via Cartwright) filed two other cases against Tepper and Esola that did involve Overland’s assignment of the Friar property deed of trust and named A&S and Wells Fargo as parties. Overland filed Overland Direct, Inc. v. Esola Capital Investment, LLC (LC103983) in March 2016 against Esola, Tepper, A&S, and Wells Fargo in Los Angeles County Superior Court (LA Friar action). It was alleged in this action that A&S acquired its interest in the Friar property through a fraudulent assignment of a loan Overland made to Grigoryan. The other case Overland filed was in San Diego County Superior Court, Overland Direct, Inc. v. Esola Capital Investment, LLC (37-2013-00078078-CU-BT-CTL) (SD Friar action). A&S and Wells Fargo were substituted as Doe defendants in this action. The SD Friar action sought largely the same relief as the LA Friar action. The SD Friar action was initially before Judge Sturgeon. The case was then reassigned to Judge Joel R. Wohlfeil after A&S moved to disqualify Judge Sturgeon pursuant to Code of Civil Procedure section 170.6.3 In 2018, Overland moved to transfer the LA Friar action to San Diego County Superior Court to be consolidated with the SD

3 All undesignated statutory references are to the Code of Civil Procedure.

5 Friar action.

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Friar Apartments v. Overland Direct CA2/2, Counsel Stack Legal Research, https://law.counselstack.com/opinion/friar-apartments-v-overland-direct-ca22-calctapp-2025.