Honchariw v. PMF CA REIT

CourtCalifornia Court of Appeal
DecidedDecember 31, 2025
DocketB337927
StatusPublished

This text of Honchariw v. PMF CA REIT (Honchariw v. PMF CA REIT) 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
Honchariw v. PMF CA REIT, (Cal. Ct. App. 2025).

Opinion

Filed 12/31/25 CERTIFIED FOR PARTIAL PUBLICATION

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

SECOND APPELLATE DISTRICT

DIVISION THREE

NICHOLAS HONCHARIW et al., B337927

Plaintiffs and Appellants, (Los Angeles County Super. Ct. No. 21STCV25191) v.

PMF CA REIT, LLC, et al.,

Defendants and Appellants.

APPEAL from a judgment of the Superior Court of Los Angeles County, Bruce G. Iwasaki, Judge. Affirmed in part and reversed in part. Nicholas Honchariw, in pro. per., for Plaintiffs and Appellants.

 Pursuant to California Rules of Court, rules 8.1100 and 8.1110, this opinion is certified for publication with the exception of plaintiffs’ cross-appeal. Finlayson Toffer Roosevelt & Lilly and Matthew E. Lilly, for Defendants and Appellants.

‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗

These appeals arise out of a $6.2 million mortgage loan made by hard money lender PMF CA REIT, LLC and its affiliated companies (collectively, lenders) to Nicholas and Sharon Honchariw (collectively, plaintiffs).1 When plaintiffs missed a payment due under the loan, lenders imposed a default interest rate on the loan balance, which increased the interest rate from 8.99 percent to 19.50 percent. Plaintiffs refinanced the loan with another lender, paid off the loan balance, and sued lenders to recover the default interest payments and statutory penalties. The case was referred to a referee, who found for plaintiffs on one of their four causes of action and awarded them default interest payments of $261,489, plus attorney fees of $251,200. The trial court entered judgment on the referee’s award. Lenders appealed from the attorney fee award, and plaintiffs cross-appealed from the denial of their claim for treble damages under Business and Professions Code section 10242.5. In the published portion of this opinion, we conclude that because plaintiffs were self-represented, Trope v. Katz (1995) 11 Cal.4th 274 (Trope) precluded an award to them of attorney fees. In the unpublished portion of this opinion, we conclude that plaintiffs forfeited their appellate contention that they were entitled to treble damages under Business and Professions Code

1 We will refer to plaintiffs by their first names where it is necessary to distinguish between them.

2 section 10242.5 because their cross-appellants’ opening brief does not address the evidence on which the referee’s section 10242.5 finding was based. We therefore reverse the attorney fees award and affirm the referee’s findings on Business and Professions Code section 10242.5. FACTUAL AND PROCEDURAL BACKGROUND I. Plaintiffs’ mortgage loan. Plaintiffs owned a home in Tiburon, California from about 1990 until about 2023. As of 2019, the home was encumbered by a mortgage of approximately $5.6 million, which was set to mature in October 2019. To replace that loan, plaintiffs obtained an interest-only bridge loan of $6.1 million from lenders. The loan was for a term of 24 months, at a fixed rate of 8.99 percent annually, with a balloon payment of $6,145,699 due on November 1, 2021. Plaintiffs missed their April 1, 2020 payment. On May 6, 2020, they entered into a modification agreement with lenders that provided for an additional advance of $120,000 to cover monthly payments and additional costs. The modification agreement also provided that if any payment was more than 30 days late, a “default rate” of 19.50 percent annual interest would apply to the entire unpaid principal balance. The modification agreement contained two attorney fees provisions. Paragraph 12(b) provided: “[A]ny and all disputes arising or related to this Agreement and/or any of the Loan Documents shall be heard by a referee in accordance with the general reference provisions of California Code of Civil Procedure Section 638 . . . . The parties shall share the cost of the referee and reference proceedings equally; provided that, the referee may

3 award attorneys’ fees and reimbursement of the referee and reference proceedings equally; provided that, the referee may award attorneys’ fees and reimbursement of the referee and reference proceedings fees and costs to the prevailing party . . . .” Separately, paragraph 13(d) provided: “If any Party takes any legal action . . . against another to enforce any of the terms hereof or because of the breach by any Party of any of the terms hereof, the prevailing party in such action . . . shall be entitled to recover its attorneys’ fees, costs and expenses . . . incurred in connection with such action, including any appeal thereof, in addition to all other relief.” Plaintiffs missed their January 2021 payment. Lenders thereafter advised plaintiffs that the default interest rate would apply to the remaining balance, increasing plaintiffs’ monthly payments from $46,598 to $101,075. Plaintiffs were unable to make the monthly payments and fell further behind on their loan obligations. Plaintiffs refinanced the loan with another lender in May 2021. With the proceeds of the new loan, plaintiffs paid off lenders’ loan, including accrued interest at the default interest rate. II. The present action. Plaintiffs filed the present action in July 2021. The operative second amended complaint (complaint) alleged that the default interest charges were void as a penalty under Civil Code section 1671, which prohibits certain “unreasonable” liquidated damages (first cause of action); the loan violated Business and Professions Code sections 10240 to 10248.3 (real property loan law), which impose requirements on loans made or negotiated by real estate brokers (second and third causes of action); and the

4 lenders committed fraud by misrepresenting the loan’s late charges (fourth cause of action). The parties stipulated to the appointment of a referee, who held a three-day evidentiary hearing in April 2023. Nicholas, a semi-retired real estate attorney, represented himself and Sharon at the hearing. In July 2023, the referee issued a statement of decision in which he found for plaintiffs on the first cause of action, concluding that the default interest rate was a penalty barred by Civil Code section 1671. On the second and third causes of action, the referee found for lenders, finding that the real property loan law, specifically Business and Professions Code section 10242.5, did not apply. Finally, the referee found for lenders on the fourth cause of action, finding that plaintiffs had not proved that lenders’ actions were deliberately deceitful. The referee therefore awarded plaintiffs default interest payments of $261,489, and provided that “[i]nterest, costs, fees and other ancillary relief may be sought by either side, as may be appropriate, by motion filed within thirty days of the date of this Statement of Decision.” III. Plaintiffs’ motion for attorney fees. Plaintiffs filed a motion seeking attorney fees of $352,000, calculated as a lodestar fee of $238,400, enhanced by a 1.5 multiplier. Plaintiffs also sought costs of $91,114. Plaintiffs urged that they had prevailed on their core claim that the default interest rate was unlawful, and therefore they were entitled to attorney fees under paragraph 13(d) of the modification agreement. Plaintiffs acknowledged that the Supreme Court had held in Trope, supra, 11 Cal.4th 274 that a self-represented attorney could not recover prevailing party attorney fees under Civil Code section 1717, but they urged Trope did not apply

5 because they were seeking fees under Code of Civil Procedure section 1021, not Civil Code section 1717, and because Sharon was not self-represented. Finally, plaintiffs contended that Nicholas had reasonably spent 298 hours litigating the case, his reasonable hourly rate was $800, and he was entitled to a multiplier of 1.5. Lenders opposed the attorney fees motion. They urged that plaintiffs were self-represented and thus were not entitled to recover attorney fees under Trope.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Foreman & Clark Corp. v. Fallon
479 P.2d 362 (California Supreme Court, 1971)
Grainger v. Antoyan
313 P.2d 848 (California Supreme Court, 1957)
Bruno v. Bell
91 Cal. App. 3d 776 (California Court of Appeal, 1979)
Witte v. Kaufman
46 Cal. Rptr. 3d 845 (California Court of Appeal, 2006)
In Re Marriage of Dekker
17 Cal. App. 4th 842 (California Court of Appeal, 1993)
Myers v. Trendwest Resorts, Inc.
178 Cal. App. 4th 735 (California Court of Appeal, 2009)
Gorman v. Tassajara Development Corp.
178 Cal. App. 4th 44 (California Court of Appeal, 2009)
Western Aggregates, Inc. v. County of Yuba
130 Cal. Rptr. 2d 436 (California Court of Appeal, 2002)
Boeken v. Philip Morris Inc.
26 Cal. Rptr. 3d 638 (California Court of Appeal, 2005)
Doe v. Roman Catholic Archbishop of Cashel & Emly
177 Cal. App. 4th 209 (California Court of Appeal, 2009)
Argaman v. Ratan
86 Cal. Rptr. 2d 917 (California Court of Appeal, 1999)
Defend the Bay v. City of Irvine
15 Cal. Rptr. 3d 176 (California Court of Appeal, 2004)
Goodman v. Lozano
223 P.3d 77 (California Supreme Court, 2010)
O'CONNELL v. Zimmerman
321 P.2d 161 (California Court of Appeal, 1958)
Trope v. Katz
902 P.2d 259 (California Supreme Court, 1995)
Ellis Law Group, LLP v. Nevada City Sugar Loaf Properties, LLC
230 Cal. App. 4th 244 (California Court of Appeal, 2014)
City of Long Beach v. Sten
274 P. 968 (California Supreme Court, 1929)
Barickman v. Mercury Casualty Co. CA2/7
2 Cal. App. 5th 508 (California Court of Appeal, 2016)
Stella v. Asset Management Consultants, Inc.
8 Cal. App. 5th 181 (California Court of Appeal, 2017)
Gillotti v. Stewart
11 Cal. App. 5th 875 (California Court of Appeal, 2017)

Cite This Page — Counsel Stack

Bluebook (online)
Honchariw v. PMF CA REIT, Counsel Stack Legal Research, https://law.counselstack.com/opinion/honchariw-v-pmf-ca-reit-calctapp-2025.