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Arthur Hood of Hood Group (Atlanta or Alabama)? Real or Fraud?

A man named Arthur Hood claims he manages over $300,000,000 of private family money and has over $70,000,000 placed in various real estate loans.

Hood also says he has discretion to loan up to $3,500,000 and currently has $16,000,000 coming in from an existing loan.

His sweet spot is 15% coupon + 7pts (so he tells us).

So far, we've seen AOL emails from him, no verification of funds and the #1 name he dropped, who heads a LA-based family office told us "we've never heard of Arthur Hood?"

And so the red flag was raised - "who is this guy?"

Any information would be very helpful.
by Deal$Maker May 21, 2010 9:43 AM


sounds like your typical hood
by frankenstyle May 21, 2010 10:10 AM





Arthur Hood can be very hard to work with, and sometimes difficult to reach but if he really likes the deal he can get things done. In Panama City Beach FL, back in 2006 he did a land deal for 30m and the was an advisor on another deal for 28m both closed. Then in 07 he did a deal with another group on some BK assets for 29M and 32M, both of these deals were in the Mobile Paper and i know in last year has done a few deals under 1,500,000 one he did placed my deal with a private lender out of Boston for 793k on a apartment rehab in Nashville TN, Brian D
by bizman1957 June 1, 2010 10:29 PM


THis is what we found on him before we used him on our deal in Nashville TN, he can be as i said at times hard to reach and deal with, but from start to finnish in 6 weeks closed a deal for 793,000 for our Apartment rehab, several other lenders and brokers said they would took fees and did not do anyting, he did bring a lender from Bostion to the table and cheeper terms that he had said and closed he had said it would be 15 and 8, we closed 13.5 and 6 for a 1 year loan so for us he got the deal done, where others had faild, we closed in may 2010 Brian


San Carlos condos sold to investor
Brokers say buyer plans to put the 87 Gulf-front condos back on market
Thursday, June 21, 2007
By KATHY JUMPER
Real Estate Editor
Financially troubled beach developers have sold the last 87 Gulf-front condominium units in San Carlos in Gulf Shores for $40 million to a Portland, Ore., investor who plans to put them back on the market, according to financial brokers.

Holiday Development received $32 million from the sale, which will go to pay creditors; the other $8 million will pay off debts incurred in building the 142-unit, 19-story structure, including construction repairs, the brokers said.

The financial deal was structured by Paul Garcia of Acer Capital Group, an investment banking firm based in Irvine, Calif., and Arthur Hood of Global Capital Solutions in Birmingham.

The Holiday partners are John P. Case Jr. of Coastal Builders in Mobile; real estate broker Rick A. Phillips, an owner of Ono Professional Partners in Gulf Shores; and Robert J. Williams of Mobile, a former owner of Terminix Co.

The partners declined to comment on the condo sale.

The 87 units were purchased at a substantial discount from their pre-sale prices -- about $320 per square foot rather than the $475 to $500 per square foot that Realtors said was paid by other buyers about two years ago.

San Carlos was among several projects, either built or planned, that got caught in the post-Katrina meltdown at the Gulf. Its units presold in 2004 at prices between $475,000 and $1.2 million. By the time the units were ready to close last fall, a glut of inventory and rising insurance prices made for a stagnant sales market. Condo prices dropped, and the developers struggled to close on the units.

Case and Phillips were sued earlier this month by Compass Bank for failing to pay more than $9 million due on a promissory note issued two years ago. The bank was one of six lenders used to finance the $100 million purchase of 15.8 acres off Alabama 161 in Orange Beach, where they and Williams planned to build the 500-unit Mandalay Beach.

The developers have said they hope soon to conclude a sale on Mandalay that will clear up most of the debt.

Garcia and Hood are working to find a buyer for Mandalay, according to Hood. The financial brokers recently financed a $29 million beach property deal for an Orange Beach developer and are looking at several other Gulf projects, he said.

“We tend to do the impossible," Hood said. "We fix problems."

The brokers brought the San Carlos buyer, Robert L. Keys of The Private Consulting Group in Portland, to the table according to Hood.

"We engineered the entire transaction -- we structured the deal, located the financing and placed it."

Keys did not return phone calls.
Keys has 12 months to sell the units and pay back the loan, unless he refinances, according to Garcia. The unit prices are not expected to be drastically reduced from those currently being paid at the Gulf, according to Garcia. "He will want to get the maximum amount he can."

The units will not be marketed to Alabama buyers, but to investors from Chicago, California, New York and big cities outside the Southeast, who plan to buy and hold them, he said.

"These are passive investors who want to park their money," Garcia said.

Some investors will be using 401(k) money or GO Zone tax credits to purchase the units, he said. The entire project qualifies for GO Zone incentives since the presale units were under contract after August 2005, when Hurricane Katrina hit, according to Realtors.
Congress approved the Gulf Opportunity Zone Act in late 2005, touting its tax credits and low-cost loans as a way to boost economic recovery along the coast.

"These are investors who want a tax break and are not familiar with the area, but are not bottom feeders," or deal makers, Hood said.
"
The appraisal price of the units at San Carlos could change depending on what the new owner does with the pricing, according to appraiser Claud Clark, based in Magnolia Springs.

Clark said that he would not use the acquisition price of the 87 units to estimate the value on one unit since the buyer got a huge discount.

"When he puts them back on the market and they start trickling out there and are selling at, say, $350 per square foot, that's going to be where we're appraising them," Clark said.

That could leave earlier buyers paying more than the appraised value for their units.

The purchase should not affect existing lawsuits filed against Holiday Development by disgruntled buyers, according to Floyd Enfinger, a Montrose attorney representing clients who own six units in San Carlos.

"My lawsuit is against the developer and not against the unit owners," he said. "It does present an interesting question: After we win our arbitration, how will we collect it?"

The arbitration hearing is set this fall, he said.

The buyer has been indemnified against claims in any existing lawsuits, according to Garcia. "They are very frivolous lawsuits," he added.

The San Carlos purchase is viewed as a positive for the market, local agents said.

"Any time you're shuffling around $30 million it's good for the market," said Bob Shallow, owner of REMAX Paradise in Orange Beach. "These guys will come up with a different game plan, promote it in a different way and bring new people into the market."


by bizman1957 June 1, 2010 10:47 PM


I am a broker in south Florida, and have done 3 deals in last 4 years with Arthur, 2 he acted as broker but was able to get my clients deals closed, the other was a LOAN he made with a Private group he has a very close relationship with they fund under is company name GCS LLC or CIRRUS so the LOAN looks to be from him they are out of Dallas and have from what i understated after closing a deal only about 15,000,000 total and there max LOAN is under 2 million but they are real up to that amount anything over that he has to broker out, in my experience he can disappear for a few days at a time but does close deals and he got mine done thats only thing i can say he closed on 3 for me over the years but looked at many more than that . Also never took any fees up front but on 3 deals were he did close. The last deal i did with him closed in October of 2009 for 1,375,000 on a Medical office building 43% LTV
by ChantalsellsFL June 1, 2010 11:28 PM


http://www.prnewswire.com/news-releases/four-star-suit-claims-in-excess-of-ten-million-dollars-94438944.html

Arthur Hood and Rich Woods have several company's together, They must be doing something to have a claim of 10,000,000 in fees from a company and have a top firm on there side, as i said he closed 3 deals for me in the past


Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com


by ChantalsellsFL June 1, 2010 11:40 PM


Press-Register (Mobile, AL){PUBLICATION2}


September 30, 2007
Section: J
Edition: Builders holding back on condo p


01
Page: 02


Condo confidence cools Builders holding back on condo projects

KATHY JUMPER Real Estate Editor
Condo confidence cools Builders holding back on condo projects


National survey finds confidence in condominium market is at its lowest level in five years

By KATHY JUMPER

Real Estate Editor

Financial broker Arthur Hood's clients are working on bulk buyouts at three Gulf condominium projects where developers want to get rid of their inventory.

"I think it's going to be an investor market for the next 12 months, and we're going to see some pretty serious bottom feeding," predicted Hood of Global Capital Solutions in Birmingham. His firm brokered the $40 million June purchase of the last 87 condos in the 142-unit San Carlos in Gulf Shores.

Two years of slow sales have killed many new condo development plans and put others on hold. The inventory glut - almost 3,000 units for sale on Alabama's Gulf Coast - has kept bankers away and Realtors hunting for buyers. In Gulf Shores, for example, developers of 10 approved condo projects have been allowed to push back their start dates because of the sluggish market.

Nationwide, builder confidence in the condo market is at its lowest level in five years, according to a survey of condo and multifamily builders by the National Association of Home Builders.

"The problems in the mortgage market are rattling consumer confidence in for-sale housing at the same time that the condo sector is trying to shake off excess inventory in a lot of markets," said David Seiders, chief economist for NAHB. "That combination is delaying any recovery in the condo sector."

And it's not expected to improve this year.

Pensacola-based developer J. Collier Merrill kept his purchase option on land in Orange Beach to build the 336-unit The Verandas condos, but said he has no plans to start the project until the market improves.

"Everybody knows the market is not there right now," said Merrill, who has built three condo complexes in Gulf Shores - Crystal Shores, Crystal Shores West and the newest, 170-unit Crystal Tower.

"When the market was going strong in 2004, we put 100 on the market, sold those and kept 70," to sell later, Merrill said of Crystal Tower. "Fortunately, the 100 have paid off the expenses on the 70, and they are good rentals. We'll start releasing some of those for sale as the inventory gets absorbed."

Sales activity has increased in August and September, according to J. Stradley of Ono Professional Partners. Still, he and two other agents in his office are obtaining their time share licenses from the state so they can sell fractional shares of condo units, he said.

Fractional ownership can help buyers concerned about the rising costs of living at or near the water, Stradley said. Owners share the costs of homeowner association dues, property taxes, insurance and potential assessments. Fractionals are sold in 1/6 shares to 1/25 shares.

Fractional sales will be the catalyst to turn the market around, according to Greg Saad of Saad & Vallas Realty Group.

"We've got to have more users, and we've got to bring it into their economic sphere," he said. "To do that you've got to divide those ownerships up. The economy is not producing enough users to justify the absorption rate it takes to get the industry moving in two years."

He and investor partners have a contract to replace the existing 120 Sea Oats condo units on Little Lagoon in Gulf Shores with a 336-unit, concrete structure. The presales were scheduled to start next month, but that has been put on hold in the current sales market, Saad said.

Fractionals would help the economy of Gulf Shores, according to Merrill.

"The normal condo buyer only uses it about 25 days a year. If they had a 1/10 fractional ownership, when it's their week to come, they'd use it. Then you've got occupancy about 80 percent of the time and those people are spending money in restaurants and stores."

Marketing is also a key, said Jeff Rouzie, leasing manager at The Wharf, an entertainment, marina, retail and condo project on the Intracoastal Waterway in Orange Beach.

"Rentals were strong in August and more folks from Louisiana started coming back to the Gulf late in the summer," Rouzie said. "Next year we can count on those folks coming back from Louisiana and Texas. But one of the best markets we've got, and we don't jump on it enough, is Atlanta. They can be here in five hours and it's all interstate."

It could be two years before the market changes, and that's barring any major hurricane, according to Hood. "The market couldn't continue going like it was," he added. "We saw stuff literally triple in price" as few as two years ago.

And condo developers are going to have to find alternate sources of funding for projects in the future, Hood added. "Local banks aren't willing to jump back into that market."

CUTLINES:

MIKE KITTRELL/Staff Photographer

Vacationers enjoy the sun and surf, with condos in the background, in August in Orange Beach. Confidence in the condo market is at it lowest in five years nationally, and local builders are trying to shed inventory.

Copyright 2007, Press-Register. All Rights Reserved. Used by NewsBank with Permission.


by love2fish June 2, 2010 1:35 AM


I had an experience with Arthur Hood from Alabama back in 2008, his group put out an LOI to make a Bridge LOAN on 2 strip centers, he took 15,000 up front and after a week when the appraisal came back lower so his LTV was not what he wanted and he was not comfortable and did not like the exit i had for his LOAN, so he then canceled the deal and returned the DD funds less costs i got back 9,000 was not happy he just spent the 6000 and i did not get a LOAN but then i went to several other lenders and lost all the funds i put up. never got my deal closed and in the end my take out was not there so arthur was right, in the time since i took him several deals non of them he would even look at but in november 2009 i tried to do a deal with his group on another property that needed to get refinanced his group did close they were expensive 14% and 8pts but closed in under 3 weeks 2.7M MJB
by closedeal71 June 2, 2010 5:13 AM


Arthur hood is a complete fraud-

he has 3 warrants out for his arrest and his a con man-

there is a long line of people looking for him, BE VERY CAREFUL-

call the references in the articles he has provided at Paul Garcia and ACER Capital-

all the support emails are from arthur he has zero references-


by Hood June 21, 2010 5:29 PM


Greetings looks like arthur was the one who was stolen from ,

Below is my general recollection of a trip from Lawrenceville GA to AZ to Van Nuys, Ca, back to AZ to Las Vegas returning to the Lawrenceville , GA airport.

The flight was taken on or about the first week of Dec. 2009. Passengers on the plane included the two pilots, Rob Creel, Chase M, his father ( Skip M), Attorney Mike R, Ron White's business Mgr, Arthur H and myself ( Alvin W). We landed in AZ and picked up Dan G for the flight to Van Nuys airport. Upon landing in Ca, two Black Cadillac Escalade's were rented by Rob C as our transportation around LA. We proceeded toward downtown LA via a stop at the American Idol offices (19 entertainment ). Dan G, Rob C and Chase M (Singer under contract by Rob C) met American Idol producers at their offices in LA.

After the " Idol " meeting, we drove to the Hotel and all prepared for a dinner meeting at Spago's restraint. I met Jodi Lee ( a separate potential, Southern Ca investor). Jodi drove me to the dinner where She and I were introduced to Michael B and Howard M. Everyone else without the two pilots rode to the dinner in the two SUV's. Howard claimed to have the total rights to the Late Michael Jackson's 70 plus non published recordings as as well as paraphernalia that were the property of Vintage Pop Media. Howard Mann was seeking funding to publish, promote and sell these songs and paraphernalia to the public at large. Mr Bl was introduced as a performer talent producer and entertainment recording icon with the skill set and connections to produce and market the Late Michael Jackson songs. Mr Blakey was also introduced to Chase M at dinner via Arthur Hood and Dan G. Mr B was also impressed with Chase as a vocal talent and offered to produce and connect him as an unknown talent to influential music promoters.

At dinner, Howard M further explained to Mr C the opportunity (cost, return and time frame) to invest in Manns' ownership of the Michael Jackson recordings. Mr Mann paid for the dinner and set a time to meet the next morning at the hotel in LA.

Mr C subsequently gave Mr Hood instructions as to his desires in the impending negotiations. It was decided that Mr Creel would not be in the Meeting the next morning so that he could use Mr Hood as a go between, as a negotiating tactic. Attending the meeting was Mr Mann, Mr Blakey, Mr Ron White's Manager, Mr Hood, Mr G, Mrs Lee, Skip M and myself. Once the meeting started, I excused myself to purchase some water and cokes as the meeting continued. When I returned, the basis of a deal had been reached with the exact dollars and percentage of ownership still to be agreed upon. The meeting broke as Mr Mann had planned a luncheon and private tour for our group within Warner Brothers Studio.( 1, Picture attached). After the tour Mrs Lee and I excused ourselves as Jodi L had another previously planned obligation....while other members of our crew had a further meeting with Mr Mann and Mr B.

With a deal verbally agreed upon, Mr C suggested we check out of the LA hotel, fly Dan back to AZ, then fly to Las Vegas for several days to celibate our success. Rob ordered a stretch Hummer limo for us to use in Vegas. Upon landing in AZ, he ordered it. ( 2, picture attached ).

We landed that evening in Las Vegas and Rob's ordered Hummer carried us to the Venetian Resort-Hotel-Casino. Mr C asked for his private casino Host and checked everyone (including the pilots) into the Venetian. Everyone had a standard Venetian room (which is very nice), except Mr Creel requested a huge multi-room Suite with several bedrooms, Dining room, Kitchen, Bar, Den and foyer....... over several thousand sq ft on a special floor within the Hotel.

Mr Hood and Mike roomed together so the contract , per Mr C instructions, could begin to be put into written form. The following afternoon, Mr Ron White's Mgr, having stayed in LA, had arranged for our group to meet Mr White after his show in Vegas. Mr Creel was resting and did not attend.......all the other passengers of the private jet did enjoy the show.

The next afternoon Mr C instructed the Jet Pilots to return us all to the Lawrenceville airport. On the return flight, Mr Hood worked with Mr R on the terms of the proposed Michael Jackson contract as well as discussed the opportunities of the Chase Mitchell introduction to Michael Blakey.

This was the only flight I took on the private jet with Mr. Rob Creel. Rob later paid for a flight for me to return to LA on Delta to seek funds/loan for him from Ms Lee so he could play a larger part of the impending deal. Mr C did authorize an 80/20 split of the ownership purchased of the MJ deal, as Mr Hood was requested to do the work and organization for Mr Creel.

Rusty, I hope my recollection of this trip sheds light on the parts each party played.

Regards

Alvin

after they cut deal MR Hood and MR G where cut out of there 20% and MR C kept all for him self and did not even pay all the expences
by sing June 23, 2010 5:23 PM


Arthur Hood and Rich Woods have several company's together, They must be doing something to have a claim of 10,000,000 in fees from a company and have a top firm on there side, as i said he closed 3 deals for me in the past


Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com


by ChantalsellsFL June 1, 2010 11:40 PM

by sing June 23, 2010 5:24 PM


please be very careful
call Paul Garcis at ACER Capital for reference in the article above regarding this man
arthur hood or hood group don't manage any capital or accounts and has zero assets-
he is a scammer with a group of others assocataites and is on run from many angry people-
Arthur hood doesnt even have a highschool education-

be very careful with these folks

any deals closed where using other brokers and lieing-


by Hood June 26, 2010 4:04 PM


Any update on this group? They tend to disappear for a while. Not sure if they really fund.

Who is sing?

by pels August 4, 2010 12:58 PM


They do fund, but have a small staff with more in the pipline then they have time to work on. They will fund but sometimes just get backed up due to a lack of staff
by closedeal71 August 17, 2010 3:45 AM


Why are only the positive responses from 1st time posters.
Closedeal71 are you a broker or Arthur himself?

Can you provide 1 solid reference??
by pels August 23, 2010 11:39 AM


Anyone worked with these guys? They funding?
Not sure about Arthur being a lender at best a broker with some strong lender relationships.
But talk is worthless anyone can claim to manage millions. Very few can actually verify they can fund.

Yet to be seen with arthur hood and richard woods.


by ether12 August 25, 2010 11:42 PM


We have been trying to get a deal done with them since early July. I think both Arthur Hood and Rich Woods are frauds and do not have any funds. They may have some connections, but have seen no proof of that either. Multiple misrepresentations and deceptions by both of them. Cannot reach Arthur on the phone unless he wants to talk to you -- has not set up his voicemail so you cannot leave a voice message for him. Rich appears to return phone calls only when he wants to. Have not been able to locate an office facility for either of them, no business listing in any phone directory. They do not appear to have any staff. Arthur's office address in B'ham appears to be a front and Rich advised in one conversation he works out of his house. Correspondence merely says Southlake, TX. Could post a lot more and may in a few days -- at present I am waiting on a call and/or an e-mail confirming a closing and funding, but I doubt that will happen because nothing I have been told by either of them has come to pass.
by Cirrus Scammed September 21, 2010 6:25 PM


Press-Register (Mobile, AL){PUBLICATION2}


September 30, 2007
Section: J
Edition: Builders holding back on condo p


01
Page: 02


Condo confidence cools Builders holding back on condo projects

KATHY JUMPER Real Estate Editor
Condo confidence cools Builders holding back on condo projects


National survey finds confidence in condominium market is at its lowest level in five years

By KATHY JUMPER

Real Estate Editor

Financial broker Arthur Hood's clients are working on bulk buyouts at three Gulf condominium projects where developers want to get rid of their inventory.

"I think it's going to be an investor market for the next 12 months, and we're going to see some pretty serious bottom feeding," predicted Hood of Global Capital Solutions in Birmingham. His firm brokered the $40 million June purchase of the last 87 condos in the 142-unit San Carlos in Gulf Shores.

Two years of slow sales have killed many new condo development plans and put others on hold. The inventory glut - almost 3,000 units for sale on Alabama's Gulf Coast - has kept bankers away and Realtors hunting for buyers. In Gulf Shores, for example, developers of 10 approved condo projects have been allowed to push back their start dates because of the sluggish market.

Nationwide, builder confidence in the condo market is at its lowest level in five years, according to a survey of condo and multifamily builders by the National Association of Home Builders.

"The problems in the mortgage market are rattling consumer confidence in for-sale housing at the same time that the condo sector is trying to shake off excess inventory in a lot of markets," said David Seiders, chief economist for NAHB. "That combination is delaying any recovery in the condo sector."

And it's not expected to improve this year.

Pensacola-based developer J. Collier Merrill kept his purchase option on land in Orange Beach to build the 336-unit The Verandas condos, but said he has no plans to start the project until the market improves.

"Everybody knows the market is not there right now," said Merrill, who has built three condo complexes in Gulf Shores - Crystal Shores, Crystal Shores West and the newest, 170-unit Crystal Tower.

"When the market was going strong in 2004, we put 100 on the market, sold those and kept 70," to sell later, Merrill said of Crystal Tower. "Fortunately, the 100 have paid off the expenses on the 70, and they are good rentals. We'll start releasing some of those for sale as the inventory gets absorbed."

Sales activity has increased in August and September, according to J. Stradley of Ono Professional Partners. Still, he and two other agents in his office are obtaining their time share licenses from the state so they can sell fractional shares of condo units, he said.

Fractional ownership can help buyers concerned about the rising costs of living at or near the water, Stradley said. Owners share the costs of homeowner association dues, property taxes, insurance and potential assessments. Fractionals are sold in 1/6 shares to 1/25 shares.

Fractional sales will be the catalyst to turn the market around, according to Greg Saad of Saad & Vallas Realty Group.

"We've got to have more users, and we've got to bring it into their economic sphere," he said. "To do that you've got to divide those ownerships up. The economy is not producing enough users to justify the absorption rate it takes to get the industry moving in two years."

He and investor partners have a contract to replace the existing 120 Sea Oats condo units on Little Lagoon in Gulf Shores with a 336-unit, concrete structure. The presales were scheduled to start next month, but that has been put on hold in the current sales market, Saad said.

Fractionals would help the economy of Gulf Shores, according to Merrill.

"The normal condo buyer only uses it about 25 days a year. If they had a 1/10 fractional ownership, when it's their week to come, they'd use it. Then you've got occupancy about 80 percent of the time and those people are spending money in restaurants and stores."

Marketing is also a key, said Jeff Rouzie, leasing manager at The Wharf, an entertainment, marina, retail and condo project on the Intracoastal Waterway in Orange Beach.

"Rentals were strong in August and more folks from Louisiana started coming back to the Gulf late in the summer," Rouzie said. "Next year we can count on those folks coming back from Louisiana and Texas. But one of the best markets we've got, and we don't jump on it enough, is Atlanta. They can be here in five hours and it's all interstate."

It could be two years before the market changes, and that's barring any major hurricane, according to Hood. "The market couldn't continue going like it was," he added. "We saw stuff literally triple in price" as few as two years ago.

And condo developers are going to have to find alternate sources of funding for projects in the future, Hood added. "Local banks aren't willing to jump back into that market."

CUTLINES:

MIKE KITTRELL/Staff Photographer

Vacationers enjoy the sun and surf, with condos in the background, in August in Orange Beach. Confidence in the condo market is at it lowest in five years nationally, and local builders are trying to shed inventory.

Copyright 2007, Press-Register. All Rights Reserved. Used by NewsBank with Permission.


by love2fish June 2, 2010 1:35 AM
by papajoe37 September 28, 2010 3:48 AM


Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com


by papajoe37 September 28, 2010 3:50 AM


They do not return phone calls or emails.
They do not have money of their own.
Arthur Hood and Richard Woods are brokers not lenders.
And from what it looks like they are not actively funding.
Arthur Hood if you can show us a funding do it.

by lokes October 7, 2010 1:44 PM


Arthur Hood with Cirrus Capital Management will disappear after he takes the upfront retainer. Richard Woods with Cirrus Capital Management will ask for more money and issue you worthless documents.

Ask them questions and see them dance. They will refuse to answer your telephone calls and your emails.

Arthur Hood with GCS LLC is a fraud.

They talk big but cannot perform.



by pelco October 22, 2010 12:22 PM


Wow.... I'm glad to see my post brought out the TRUE Arthur Hood.

As a follow-up to our original post, hoodgroup65@aol.com simply vanished in thin air after we asked questions he obviously could not answer...

These Qs included,

"Are you registered to lend in our respective country"?

"Can you kindly verify any past closing over $1M?"

"Can we proceed with NO advance fees, and pay directly for any DD costs that Borrower co-approves?"

And funny.... our Broker requested a copy of his drivers' license to verify his identity.






by Deal$Maker October 25, 2010 12:25 AM


Wow.... I'm glad to see my post brought out the TRUE Arthur Hood.

As a follow-up to our original post, hoodgroup65@aol.com simply vanished in thin air after we asked questions he obviously could not answer...

These Qs included,

"Are you registered to lend in our respective country"?

"Can you kindly verify any past closing over $1M?"

"Can we proceed with NO advance fees, and pay directly for any DD costs that Borrower co-approves?"

And funny.... our Broker requested a copy of his drivers' license to verify his identity.

WE NEVER HEARD BACK FROM HIM.






by Deal$Maker October 25, 2010 12:25 AM


Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com



by PAW2010 October 26, 2010 1:31 AM


Since I am being lied about on this site and Alvin has no clue as to what he is talking about. Art Hood is a lying cheat. He stole my Amex cards. He book private jets and stuck others with the bills. He did not close or come through on anything. He was terminated from one deal for lying to both sides. People had already invested in this deal and were forced to scramble and make something work. There are a great deal of people looking for him. I even gave him one last chance to redeem himself and he simply stole 4000 and a laptop. Run away from him as fast as possible. Run like Forrest Gump. It will save you a ton of problems and cash. Enough said.
by Rob Creel October 27, 2010 9:42 AM


Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com



by PAW2010 October 26, 2010 1:31 AM


--------------------------------------------------------------------------------

by paw1245 November 2, 2010 4:18 AM


San Carlos condos sold to investor
Brokers say buyer plans to put the 87 Gulf-front condos back on market
Thursday, June 21, 2007
By KATHY JUMPER
Real Estate Editor
Financially troubled beach developers have sold the last 87 Gulf-front condominium units in San Carlos in Gulf Shores for $40 million to a Portland, Ore., investor who plans to put them back on the market, according to financial brokers.

Holiday Development received $32 million from the sale, which will go to pay creditors; the other $8 million will pay off debts incurred in building the 142-unit, 19-story structure, including construction repairs, the brokers said.

The financial deal was structured by Paul Garcia of Acer Capital Group, an investment banking firm based in Irvine, Calif., and Arthur Hood of Global Capital Solutions in Birmingham.

The Holiday partners are John P. Case Jr. of Coastal Builders in Mobile; real estate broker Rick A. Phillips, an owner of Ono Professional Partners in Gulf Shores; and Robert J. Williams of Mobile, a former owner of Terminix Co.

The partners declined to comment on the condo sale.

The 87 units were purchased at a substantial discount from their pre-sale prices -- about $320 per square foot rather than the $475 to $500 per square foot that Realtors said was paid by other buyers about two years ago.

San Carlos was among several projects, either built or planned, that got caught in the post-Katrina meltdown at the Gulf. Its units presold in 2004 at prices between $475,000 and $1.2 million. By the time the units were ready to close last fall, a glut of inventory and rising insurance prices made for a stagnant sales market. Condo prices dropped, and the developers struggled to close on the units.

Case and Phillips were sued earlier this month by Compass Bank for failing to pay more than $9 million due on a promissory note issued two years ago. The bank was one of six lenders used to finance the $100 million purchase of 15.8 acres off Alabama 161 in Orange Beach, where they and Williams planned to build the 500-unit Mandalay Beach.

The developers have said they hope soon to conclude a sale on Mandalay that will clear up most of the debt.

Garcia and Hood are working to find a buyer for Mandalay, according to Hood. The financial brokers recently financed a $29 million beach property deal for an Orange Beach developer and are looking at several other Gulf projects, he said.

“We tend to do the impossible," Hood said. "We fix problems."

The brokers brought the San Carlos buyer, Robert L. Keys of The Private Consulting Group in Portland, to the table according to Hood.

"We engineered the entire transaction -- we structured the deal, located the financing and placed it."

Keys did not return phone calls.
Keys has 12 months to sell the units and pay back the loan, unless he refinances, according to Garcia. The unit prices are not expected to be drastically reduced from those currently being paid at the Gulf, according to Garcia. "He will want to get the maximum amount he can."

The units will not be marketed to Alabama buyers, but to investors from Chicago, California, New York and big cities outside the Southeast, who plan to buy and hold them, he said.

"These are passive investors who want to park their money," Garcia said.

Some investors will be using 401(k) money or GO Zone tax credits to purchase the units, he said. The entire project qualifies for GO Zone incentives since the presale units were under contract after August 2005, when Hurricane Katrina hit, according to Realtors.
Congress approved the Gulf Opportunity Zone Act in late 2005, touting its tax credits and low-cost loans as a way to boost economic recovery along the coast.

"These are investors who want a tax break and are not familiar with the area, but are not bottom feeders," or deal makers, Hood said.
"
The appraisal price of the units at San Carlos could change depending on what the new owner does with the pricing, according to appraiser Claud Clark, based in Magnolia Springs.

Clark said that he would not use the acquisition price of the 87 units to estimate the value on one unit since the buyer got a huge discount.

"When he puts them back on the market and they start trickling out there and are selling at, say, $350 per square foot, that's going to be where we're appraising them," Clark said.

That could leave earlier buyers paying more than the appraised value for their units.

The purchase should not affect existing lawsuits filed against Holiday Development by disgruntled buyers, according to Floyd Enfinger, a Montrose attorney representing clients who own six units in San Carlos.

"My lawsuit is against the developer and not against the unit owners," he said. "It does present an interesting question: After we win our arbitration, how will we collect it?"

The arbitration hearing is set this fall, he said.

The buyer has been indemnified against claims in any existing lawsuits, according to Garcia. "They are very frivolous lawsuits," he added.

The San Carlos purchase is viewed as a positive for the market, local agents said.

"Any time you're shuffling around $30 million it's good for the market," said Bob Shallow, owner of REMAX Paradise in Orange Beach. "These guys will come up with a different game plan, promote it in a different way and bring new people into the market."


by paw1245 November 2, 2010 4:19 AM


I am a broker in south Florida, and have done 3 deals in last 4 years with Arthur, 2 he acted as broker but was able to get my clients deals closed, the other was a LOAN he made with a Private group he has a very close relationship with they fund under is company name GCS LLC or CIRRUS so the LOAN looks to be from him they are out of Dallas and have from what i understated after closing a deal only about 15,000,000 total and there max LOAN is under 2 million but they are real up to that amount anything over that he has to broker out, in my experience he can disappear for a few days at a time but does close deals and he got mine done thats only thing i can say he closed on 3 for me over the years but looked at many more than that . Also never took any fees up front but on 3 deals were he did close. The last deal i did with him closed in October of 2009 for 1,375,000 on a Medical office building 43% LTV
by ChantalsellsFL June 1, 2010 11:28 PM


--------------------------------------------------------------------------------

by paw1245 November 2, 2010 4:20 AM


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Arthur Hood of Hood Group (Atlanta or Alabama)? Real or Fraud?
A man named Arthur Hood claims he manages over $300,000,000 of private family money and has over $70,000,000 placed in various real estate loans.

Hood also says he has discretion to loan up to $3,500,000 and currently has $16,000,000 coming in from an existing loan.

His sweet spot is 15% coupon + 7pts (so he tells us).

So far, we've seen AOL emails from him, no verification of funds and the #1 name he dropped, who heads a LA-based family office told us "we've never heard of Arthur Hood?"

And so the red flag was raised - "who is this guy?"

Any information would be very helpful.
by Deal$Maker May 21, 2010 9:43 AM


--------------------------------------------------------------------------------

sounds like your typical hood
by frankenstyle May 21, 2010 10:10 AM


--------------------------------------------------------------------------------




Arthur Hood can be very hard to work with, and sometimes difficult to reach but if he really likes the deal he can get things done. In Panama City Beach FL, back in 2006 he did a land deal for 30m and the was an advisor on another deal for 28m both closed. Then in 07 he did a deal with another group on some BK assets for 29M and 32M, both of these deals were in the Mobile Paper and i know in last year has done a few deals under 1,500,000 one he did placed my deal with a private lender out of Boston for 793k on a apartment rehab in Nashville TN, Brian D
by bizman1957 June 1, 2010 10:29 PM


--------------------------------------------------------------------------------

THis is what we found on him before we used him on our deal in Nashville TN, he can be as i said at times hard to reach and deal with, but from start to finnish in 6 weeks closed a deal for 793,000 for our Apartment rehab, several other lenders and brokers said they would took fees and did not do anyting, he did bring a lender from Bostion to the table and cheeper terms that he had said and closed he had said it would be 15 and 8, we closed 13.5 and 6 for a 1 year loan so for us he got the deal done, where others had faild, we closed in may 2010 Brian


San Carlos condos sold to investor
Brokers say buyer plans to put the 87 Gulf-front condos back on market
Thursday, June 21, 2007
By KATHY JUMPER
Real Estate Editor
Financially troubled beach developers have sold the last 87 Gulf-front condominium units in San Carlos in Gulf Shores for $40 million to a Portland, Ore., investor who plans to put them back on the market, according to financial brokers.

Holiday Development received $32 million from the sale, which will go to pay creditors; the other $8 million will pay off debts incurred in building the 142-unit, 19-story structure, including construction repairs, the brokers said.

The financial deal was structured by Paul Garcia of Acer Capital Group, an investment banking firm based in Irvine, Calif., and Arthur Hood of Global Capital Solutions in Birmingham.

The Holiday partners are John P. Case Jr. of Coastal Builders in Mobile; real estate broker Rick A. Phillips, an owner of Ono Professional Partners in Gulf Shores; and Robert J. Williams of Mobile, a former owner of Terminix Co.

The partners declined to comment on the condo sale.

The 87 units were purchased at a substantial discount from their pre-sale prices -- about $320 per square foot rather than the $475 to $500 per square foot that Realtors said was paid by other buyers about two years ago.

San Carlos was among several projects, either built or planned, that got caught in the post-Katrina meltdown at the Gulf. Its units presold in 2004 at prices between $475,000 and $1.2 million. By the time the units were ready to close last fall, a glut of inventory and rising insurance prices made for a stagnant sales market. Condo prices dropped, and the developers struggled to close on the units.

Case and Phillips were sued earlier this month by Compass Bank for failing to pay more than $9 million due on a promissory note issued two years ago. The bank was one of six lenders used to finance the $100 million purchase of 15.8 acres off Alabama 161 in Orange Beach, where they and Williams planned to build the 500-unit Mandalay Beach.

The developers have said they hope soon to conclude a sale on Mandalay that will clear up most of the debt.

Garcia and Hood are working to find a buyer for Mandalay, according to Hood. The financial brokers recently financed a $29 million beach property deal for an Orange Beach developer and are looking at several other Gulf projects, he said.

“We tend to do the impossible," Hood said. "We fix problems."

The brokers brought the San Carlos buyer, Robert L. Keys of The Private Consulting Group in Portland, to the table according to Hood.

"We engineered the entire transaction -- we structured the deal, located the financing and placed it."

Keys did not return phone calls.
Keys has 12 months to sell the units and pay back the loan, unless he refinances, according to Garcia. The unit prices are not expected to be drastically reduced from those currently being paid at the Gulf, according to Garcia. "He will want to get the maximum amount he can."

The units will not be marketed to Alabama buyers, but to investors from Chicago, California, New York and big cities outside the Southeast, who plan to buy and hold them, he said.

"These are passive investors who want to park their money," Garcia said.

Some investors will be using 401(k) money or GO Zone tax credits to purchase the units, he said. The entire project qualifies for GO Zone incentives since the presale units were under contract after August 2005, when Hurricane Katrina hit, according to Realtors.
Congress approved the Gulf Opportunity Zone Act in late 2005, touting its tax credits and low-cost loans as a way to boost economic recovery along the coast.

"These are investors who want a tax break and are not familiar with the area, but are not bottom feeders," or deal makers, Hood said.
"
The appraisal price of the units at San Carlos could change depending on what the new owner does with the pricing, according to appraiser Claud Clark, based in Magnolia Springs.

Clark said that he would not use the acquisition price of the 87 units to estimate the value on one unit since the buyer got a huge discount.

"When he puts them back on the market and they start trickling out there and are selling at, say, $350 per square foot, that's going to be where we're appraising them," Clark said.

That could leave earlier buyers paying more than the appraised value for their units.

The purchase should not affect existing lawsuits filed against Holiday Development by disgruntled buyers, according to Floyd Enfinger, a Montrose attorney representing clients who own six units in San Carlos.

"My lawsuit is against the developer and not against the unit owners," he said. "It does present an interesting question: After we win our arbitration, how will we collect it?"

The arbitration hearing is set this fall, he said.

The buyer has been indemnified against claims in any existing lawsuits, according to Garcia. "They are very frivolous lawsuits," he added.

The San Carlos purchase is viewed as a positive for the market, local agents said.

"Any time you're shuffling around $30 million it's good for the market," said Bob Shallow, owner of REMAX Paradise in Orange Beach. "These guys will come up with a different game plan, promote it in a different way and bring new people into the market."


by bizman1957 June 1, 2010 10:47 PM


--------------------------------------------------------------------------------

I am a broker in south Florida, and have done 3 deals in last 4 years with Arthur, 2 he acted as broker but was able to get my clients deals closed, the other was a LOAN he made with a Private group he has a very close relationship with they fund under is company name GCS LLC or CIRRUS so the LOAN looks to be from him they are out of Dallas and have from what i understated after closing a deal only about 15,000,000 total and there max LOAN is under 2 million but they are real up to that amount anything over that he has to broker out, in my experience he can disappear for a few days at a time but does close deals and he got mine done thats only thing i can say he closed on 3 for me over the years but looked at many more than that . Also never took any fees up front but on 3 deals were he did close. The last deal i did with him closed in October of 2009 for 1,375,000 on a Medical office building 43% LTV
by ChantalsellsFL June 1, 2010 11:28 PM


--------------------------------------------------------------------------------

http://www.prnewswire.com/news-releases/four-star-suit-claims-in-excess-of-ten-million-dollars-94438944.html

Arthur Hood and Rich Woods have several company's together, They must be doing something to have a claim of 10,000,000 in fees from a company and have a top firm on there side, as i said he closed 3 deals for me in the past


Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com


by ChantalsellsFL June 1, 2010 11:40 PM


--------------------------------------------------------------------------------

Press-Register (Mobile, AL){PUBLICATION2}


September 30, 2007
Section: J
Edition: Builders holding back on condo p


01
Page: 02


Condo confidence cools Builders holding back on condo projects

KATHY JUMPER Real Estate Editor
Condo confidence cools Builders holding back on condo projects


National survey finds confidence in condominium market is at its lowest level in five years

By KATHY JUMPER

Real Estate Editor

Financial broker Arthur Hood's clients are working on bulk buyouts at three Gulf condominium projects where developers want to get rid of their inventory.

"I think it's going to be an investor market for the next 12 months, and we're going to see some pretty serious bottom feeding," predicted Hood of Global Capital Solutions in Birmingham. His firm brokered the $40 million June purchase of the last 87 condos in the 142-unit San Carlos in Gulf Shores.

Two years of slow sales have killed many new condo development plans and put others on hold. The inventory glut - almost 3,000 units for sale on Alabama's Gulf Coast - has kept bankers away and Realtors hunting for buyers. In Gulf Shores, for example, developers of 10 approved condo projects have been allowed to push back their start dates because of the sluggish market.

Nationwide, builder confidence in the condo market is at its lowest level in five years, according to a survey of condo and multifamily builders by the National Association of Home Builders.

"The problems in the mortgage market are rattling consumer confidence in for-sale housing at the same time that the condo sector is trying to shake off excess inventory in a lot of markets," said David Seiders, chief economist for NAHB. "That combination is delaying any recovery in the condo sector."

And it's not expected to improve this year.

Pensacola-based developer J. Collier Merrill kept his purchase option on land in Orange Beach to build the 336-unit The Verandas condos, but said he has no plans to start the project until the market improves.

"Everybody knows the market is not there right now," said Merrill, who has built three condo complexes in Gulf Shores - Crystal Shores, Crystal Shores West and the newest, 170-unit Crystal Tower.

"When the market was going strong in 2004, we put 100 on the market, sold those and kept 70," to sell later, Merrill said of Crystal Tower. "Fortunately, the 100 have paid off the expenses on the 70, and they are good rentals. We'll start releasing some of those for sale as the inventory gets absorbed."

Sales activity has increased in August and September, according to J. Stradley of Ono Professional Partners. Still, he and two other agents in his office are obtaining their time share licenses from the state so they can sell fractional shares of condo units, he said.

Fractional ownership can help buyers concerned about the rising costs of living at or near the water, Stradley said. Owners share the costs of homeowner association dues, property taxes, insurance and potential assessments. Fractionals are sold in 1/6 shares to 1/25 shares.

Fractional sales will be the catalyst to turn the market around, according to Greg Saad of Saad & Vallas Realty Group.

"We've got to have more users, and we've got to bring it into their economic sphere," he said. "To do that you've got to divide those ownerships up. The economy is not producing enough users to justify the absorption rate it takes to get the industry moving in two years."

He and investor partners have a contract to replace the existing 120 Sea Oats condo units on Little Lagoon in Gulf Shores with a 336-unit, concrete structure. The presales were scheduled to start next month, but that has been put on hold in the current sales market, Saad said.

Fractionals would help the economy of Gulf Shores, according to Merrill.

"The normal condo buyer only uses it about 25 days a year. If they had a 1/10 fractional ownership, when it's their week to come, they'd use it. Then you've got occupancy about 80 percent of the time and those people are spending money in restaurants and stores."

Marketing is also a key, said Jeff Rouzie, leasing manager at The Wharf, an entertainment, marina, retail and condo project on the Intracoastal Waterway in Orange Beach.

"Rentals were strong in August and more folks from Louisiana started coming back to the Gulf late in the summer," Rouzie said. "Next year we can count on those folks coming back from Louisiana and Texas. But one of the best markets we've got, and we don't jump on it enough, is Atlanta. They can be here in five hours and it's all interstate."

It could be two years before the market changes, and that's barring any major hurricane, according to Hood. "The market couldn't continue going like it was," he added. "We saw stuff literally triple in price" as few as two years ago.

And condo developers are going to have to find alternate sources of funding for projects in the future, Hood added. "Local banks aren't willing to jump back into that market."

CUTLINES:

MIKE KITTRELL/Staff Photographer

Vacationers enjoy the sun and surf, with condos in the background, in August in Orange Beach. Confidence in the condo market is at it lowest in five years nationally, and local builders are trying to shed inventory.

Copyright 2007, Press-Register. All Rights Reserved. Used by NewsBank with Permission.


by paw1245 November 2, 2010 4:21 AM


National survey finds confidence in condominium market is at its lowest level in five years

By KATHY JUMPER

Real Estate Editor

Financial broker Arthur Hood's clients are working on bulk buyouts at three Gulf condominium projects where developers want to get rid of their inventory.

"I think it's going to be an investor market for the next 12 months, and we're going to see some pretty serious bottom feeding," predicted Hood of Global Capital Solutions in Birmingham. His firm brokered the $40 million June purchase of the last 87 condos in the 142-unit San Carlos in Gulf Shores.

Two years of slow sales have killed many new condo development plans and put others on hold. The inventory glut - almost 3,000 units for sale on Alabama's Gulf Coast - has kept bankers away and Realtors hunting for buyers. In Gulf Shores, for example, developers of 10 approved condo projects have been allowed to push back their start dates because of the sluggish market.

Nationwide, builder confidence in the condo market is at its lowest level in five years, according to a survey of condo and multifamily builders by the National Association of Home Builders.

"The problems in the mortgage market are rattling consumer confidence in for-sale housing at the same time that the condo sector is trying to shake off excess inventory in a lot of markets," said David Seiders, chief economist for NAHB. "That combination is delaying any recovery in the condo sector."

And it's not expected to improve this year.

Pensacola-based developer J. Collier Merrill kept his purchase option on land in Orange Beach to build the 336-unit The Verandas condos, but said he has no plans to start the project until the market improves.

"Everybody knows the market is not there right now," said Merrill, who has built three condo complexes in Gulf Shores - Crystal Shores, Crystal Shores West and the newest, 170-unit Crystal Tower.

"When the market was going strong in 2004, we put 100 on the market, sold those and kept 70," to sell later, Merrill said of Crystal Tower. "Fortunately, the 100 have paid off the expenses on the 70, and they are good rentals. We'll start releasing some of those for sale as the inventory gets absorbed."

Sales activity has increased in August and September, according to J. Stradley of Ono Professional Partners. Still, he and two other agents in his office are obtaining their time share licenses from the state so they can sell fractional shares of condo units, he said.

Fractional ownership can help buyers concerned about the rising costs of living at or near the water, Stradley said. Owners share the costs of homeowner association dues, property taxes, insurance and potential assessments. Fractionals are sold in 1/6 shares to 1/25 shares.

Fractional sales will be the catalyst to turn the market around, according to Greg Saad of Saad & Vallas Realty Group.

"We've got to have more users, and we've got to bring it into their economic sphere," he said. "To do that you've got to divide those ownerships up. The economy is not producing enough users to justify the absorption rate it takes to get the industry moving in two years."

He and investor partners have a contract to replace the existing 120 Sea Oats condo units on Little Lagoon in Gulf Shores with a 336-unit, concrete structure. The presales were scheduled to start next month, but that has been put on hold in the current sales market, Saad said.

Fractionals would help the economy of Gulf Shores, according to Merrill.

"The normal condo buyer only uses it about 25 days a year. If they had a 1/10 fractional ownership, when it's their week to come, they'd use it. Then you've got occupancy about 80 percent of the time and those people are spending money in restaurants and stores."

Marketing is also a key, said Jeff Rouzie, leasing manager at The Wharf, an entertainment, marina, retail and condo project on the Intracoastal Waterway in Orange Beach.

"Rentals were strong in August and more folks from Louisiana started coming back to the Gulf late in the summer," Rouzie said. "Next year we can count on those folks coming back from Louisiana and Texas. But one of the best markets we've got, and we don't jump on it enough, is Atlanta. They can be here in five hours and it's all interstate."

It could be two years before the market changes, and that's barring any major hurricane, according to Hood. "The market couldn't continue going like it was," he added. "We saw stuff literally triple in price" as few as two years ago.

And condo developers are going to have to find alternate sources of funding for projects in the future, Hood added. "Local banks aren't willing to jump back into that market."


by paw1245 November 2, 2010 4:24 AM


Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com



by paw1245 November 2, 2010 4:25 AM


Many still waiting over 5 months for the funding. That tell you anything?
Richard Woods and Arthur Hood have not verified any funding.
ask them the hard questions before you enter into any agreement with an "investor"
No proof of fundings go somewhere else.

by pelco November 30, 2010 12:14 PM


ATTENTION: To help stop Fraudsters like Arthur Hood, please read the following.....

To report Mortgage Fraud or Loan Scams:

Federal Bureau of Investigation
Phone: 1-800-CALLFBI (225-5324)
Online Tips: FBI Tips and Public Leads Form
To file a complaint with the FBI contact the nearest FBI field office. Locations are listed at www.fbi.gov/contactus.htm or https://tips.fbi.gov/ or for major cases, you can also report information by calling toll-free number 1-800-CALLFBI (225-5324).

www.PreventLoanScams.org: A project of the Lawyers’ Committee for Civil Rights Under the Law
Phone: 1-888-995-HOPE

by Deal$Maker December 8, 2010 6:36 PM


For the sake his family's privacy, I will state only that I have known Arthur Hood since his birth. He is the adopted son of the late William E Hood of Birmingham, AL and his second wife, Sandra Henderson Hood. Arthur Samuel Alexander Hood was born November 4, 1980, perhaps in north Florida; he grew up in Birmingham, AL, where he attended, I believe, Shades Mountain Christian School without completing the twelfth grade. He seems to have begun to get into legal scrapes in his early twenties, although for more than a decade he has been so evasive that even the police have a hard time finding him. His mother has repeatedly denied knowing his whereabouts, but certain events make that seem unlikely. At the beginning of his career he may have had an innocent-seeming accomplice who is a relative. Certainly, there is no possible way that he can legally have accumulated substantial capital and there may also be the possibility that he is a sociopath. Finally, it is clear that all the misspelled posts claiming how successful his ventures have been were written, if that's the right term, by him. I am prepared to swear under oath to the truth of these statements.

by OlderHood December 14, 2010 1:06 PM


Correction: His birthdate is November 4, 1981.
by OlderHood December 14, 2010 1:13 PM


Arthur Hood of GCS LLC or the Hood group. Just repost his name so no one else scammed by him.
Arthur Hood scammer.
They have no money. The above seems correct as from arthurs facebook posts. He is a young kid with a sly mouth.

Do not give any money to Arthur of any of his "investors'
You will lose time and money and confidence of your professional clients.

remember if you only have one investor that will do your deal and they ask for upfront money than it is not a real deal or investor.

Arthur Hood scammer.

by pelco December 14, 2010 1:24 PM


Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com



by dealmobile1 December 25, 2010 8:58 PM


Press-Register (Mobile, AL){PUBLICATION2}


September 30, 2007
Section: J
Edition: Builders holding back on condo p


01
Page: 02


Condo confidence cools Builders holding back on condo projects

KATHY JUMPER Real Estate Editor
Condo confidence cools Builders holding back on condo projects


National survey finds confidence in condominium market is at its lowest level in five years

By KATHY JUMPER

Real Estate Editor

Financial broker Arthur Hood's clients are working on bulk buyouts at three Gulf condominium projects where developers want to get rid of their inventory.

"I think it's going to be an investor market for the next 12 months, and we're going to see some pretty serious bottom feeding," predicted Hood of Global Capital Solutions in Birmingham. His firm brokered the $40 million June purchase of the last 87 condos in the 142-unit San Carlos in Gulf Shores.

Two years of slow sales have killed many new condo development plans and put others on hold. The inventory glut - almost 3,000 units for sale on Alabama's Gulf Coast - has kept bankers away and Realtors hunting for buyers. In Gulf Shores, for example, developers of 10 approved condo projects have been allowed to push back their start dates because of the sluggish market.

Nationwide, builder confidence in the condo market is at its lowest level in five years, according to a survey of condo and multifamily builders by the National Association of Home Builders.

"The problems in the mortgage market are rattling consumer confidence in for-sale housing at the same time that the condo sector is trying to shake off excess inventory in a lot of markets," said David Seiders, chief economist for NAHB. "That combination is delaying any recovery in the condo sector."

And it's not expected to improve this year.

Pensacola-based developer J. Collier Merrill kept his purchase option on land in Orange Beach to build the 336-unit The Verandas condos, but said he has no plans to start the project until the market improves.

"Everybody knows the market is not there right now," said Merrill, who has built three condo complexes in Gulf Shores - Crystal Shores, Crystal Shores West and the newest, 170-unit Crystal Tower.

"When the market was going strong in 2004, we put 100 on the market, sold those and kept 70," to sell later, Merrill said of Crystal Tower. "Fortunately, the 100 have paid off the expenses on the 70, and they are good rentals. We'll start releasing some of those for sale as the inventory gets absorbed."

Sales activity has increased in August and September, according to J. Stradley of Ono Professional Partners. Still, he and two other agents in his office are obtaining their time share licenses from the state so they can sell fractional shares of condo units, he said.

Fractional ownership can help buyers concerned about the rising costs of living at or near the water, Stradley said. Owners share the costs of homeowner association dues, property taxes, insurance and potential assessments. Fractionals are sold in 1/6 shares to 1/25 shares.

Fractional sales will be the catalyst to turn the market around, according to Greg Saad of Saad & Vallas Realty Group.

"We've got to have more users, and we've got to bring it into their economic sphere," he said. "To do that you've got to divide those ownerships up. The economy is not producing enough users to justify the absorption rate it takes to get the industry moving in two years."

He and investor partners have a contract to replace the existing 120 Sea Oats condo units on Little Lagoon in Gulf Shores with a 336-unit, concrete structure. The presales were scheduled to start next month, but that has been put on hold in the current sales market, Saad said.

Fractionals would help the economy of Gulf Shores, according to Merrill.

"The normal condo buyer only uses it about 25 days a year. If they had a 1/10 fractional ownership, when it's their week to come, they'd use it. Then you've got occupancy about 80 percent of the time and those people are spending money in restaurants and stores."

Marketing is also a key, said Jeff Rouzie, leasing manager at The Wharf, an entertainment, marina, retail and condo project on the Intracoastal Waterway in Orange Beach.

"Rentals were strong in August and more folks from Louisiana started coming back to the Gulf late in the summer," Rouzie said. "Next year we can count on those folks coming back from Louisiana and Texas. But one of the best markets we've got, and we don't jump on it enough, is Atlanta. They can be here in five hours and it's all interstate."

It could be two years before the market changes, and that's barring any major hurricane, according to Hood. "The market couldn't continue going like it was," he added. "We saw stuff literally triple in price" as few as two years ago.

And condo developers are going to have to find alternate sources of funding for projects in the future, Hood added. "Local banks aren't willing to jump back into that market."

CUTLINES:

MIKE KITTRELL/Staff Photographer

Vacationers enjoy the sun and surf, with condos in the background, in August in Orange Beach. Confidence in the condo market is at it lowest in five years nationally, and local builders are trying to shed inventory.

Copyright 2007, Press-Register. All Rights Reserved. Used by NewsBank with Permission.



by dealmobile1 December 25, 2010 8:59 PM


Arthur Hood, I have Known for over 7 years he has closed several large deals and made monday, On the other hand Richard Woods Is the Theif, Crook, and just can not do anything he Lies, cheets, and does not close anything i know over over 100M of deals closed By Arthur in 2006, 30M and 34M deal, then in 07 a 29M and 34M deal all on Gulf Cost along with several other deals all with no upfont money !! But Check out Rich Woods you will find he has only done one GOOD deal in Years, and he will Lie, Cheet and steel from anyone
by dealmobile1 December 25, 2010 9:03 PM



San Carlos condos sold to investor
Brokers say buyer plans to put the 87 Gulf-front condos back on market
Thursday, June 21, 2007
By KATHY JUMPER
Real Estate Editor
Financially troubled beach developers have sold the last 87 Gulf-front condominium units in San Carlos in Gulf Shores for $40 million to a Portland, Ore., investor who plans to put them back on the market, according to financial brokers.

Holiday Development received $32 million from the sale, which will go to pay creditors; the other $8 million will pay off debts incurred in building the 142-unit, 19-story structure, including construction repairs, the brokers said.

The financial deal was structured by Paul Garcia of Acer Capital Group, an investment banking firm based in Irvine, Calif., and Arthur Hood of Global Capital Solutions in Birmingham.

The Holiday partners are John P. Case Jr. of Coastal Builders in Mobile; real estate broker Rick A. Phillips, an owner of Ono Professional Partners in Gulf Shores; and Robert J. Williams of Mobile, a former owner of Terminix Co.

The partners declined to comment on the condo sale.

The 87 units were purchased at a substantial discount from their pre-sale prices -- about $320 per square foot rather than the $475 to $500 per square foot that Realtors said was paid by other buyers about two years ago.

San Carlos was among several projects, either built or planned, that got caught in the post-Katrina meltdown at the Gulf. Its units presold in 2004 at prices between $475,000 and $1.2 million. By the time the units were ready to close last fall, a glut of inventory and rising insurance prices made for a stagnant sales market. Condo prices dropped, and the developers struggled to close on the units.

Case and Phillips were sued earlier this month by Compass Bank for failing to pay more than $9 million due on a promissory note issued two years ago. The bank was one of six lenders used to finance the $100 million purchase of 15.8 acres off Alabama 161 in Orange Beach, where they and Williams planned to build the 500-unit Mandalay Beach.

The developers have said they hope soon to conclude a sale on Mandalay that will clear up most of the debt.

Garcia and Hood are working to find a buyer for Mandalay, according to Hood. The financial brokers recently financed a $29 million beach property deal for an Orange Beach developer and are looking at several other Gulf projects, he said.

“We tend to do the impossible," Hood said. "We fix problems."

The brokers brought the San Carlos buyer, Robert L. Keys of The Private Consulting Group in Portland, to the table according to Hood.

"We engineered the entire transaction -- we structured the deal, located the financing and placed it."

Keys did not return phone calls.
Keys has 12 months to sell the units and pay back the loan, unless he refinances, according to Garcia. The unit prices are not expected to be drastically reduced from those currently being paid at the Gulf, according to Garcia. "He will want to get the maximum amount he can."

The units will not be marketed to Alabama buyers, but to investors from Chicago, California, New York and big cities outside the Southeast, who plan to buy and hold them, he said.

"These are passive investors who want to park their money," Garcia said.

Some investors will be using 401(k) money or GO Zone tax credits to purchase the units, he said. The entire project qualifies for GO Zone incentives since the presale units were under contract after August 2005, when Hurricane Katrina hit, according to Realtors.
Congress approved the Gulf Opportunity Zone Act in late 2005, touting its tax credits and low-cost loans as a way to boost economic recovery along the coast.

"These are investors who want a tax break and are not familiar with the area, but are not bottom feeders," or deal makers, Hood said.
"
The appraisal price of the units at San Carlos could change depending on what the new owner does with the pricing, according to appraiser Claud Clark, based in Magnolia Springs.

Clark said that he would not use the acquisition price of the 87 units to estimate the value on one unit since the buyer got a huge discount.

"When he puts them back on the market and they start trickling out there and are selling at, say, $350 per square foot, that's going to be where we're appraising them," Clark said.

That could leave earlier buyers paying more than the appraised value for their units.

The purchase should not affect existing lawsuits filed against Holiday Development by disgruntled buyers, according to Floyd Enfinger, a Montrose attorney representing clients who own six units in San Carlos.

"My lawsuit is against the developer and not against the unit owners," he said. "It does present an interesting question: After we win our arbitration, how will we collect it?"

The arbitration hearing is set this fall, he said.

The buyer has been indemnified against claims in any existing lawsuits, according to Garcia. "They are very frivolous lawsuits," he added.

The San Carlos purchase is viewed as a positive for the market, local agents said.

"Any time you're shuffling around $30 million it's good for the market," said Bob Shallow, owner of REMAX Paradise in Orange Beach. "These guys will come up with a different game plan, promote it in a different way and bring new people into the market."


by dealmobile1 December 25, 2010 9:08 PM


Arthur hood find him on facebook.
Richard Woods will disappear after he takes you wire transfer.
Richard Woods tells about his big credit line coming in for funding. Well that was over a year ago.
Richard Woods scammer and does not fund anything
by pelco January 14, 2011 4:22 PM


Mr Woods has proved to NOT be an honorable person. Mr Woods owes me many dollars. Mr Woods has lied to me , John Murphy , Arthur Hood and others that I have direct knowledge of.
by alga real estate January 22, 2011 6:06 AM


Dear DEALMOBILE 1 (Arthur),

Please stop copying & pasting regurgitated articles from 2007. We obviously see you're deliberately trying to cloud this thread for the readers.

Now rather prove you have access to $300,000,000 of family office money and prove you are NOT another dishonest Advance FEE scam artist.

All research proves otherwise.

Thank you
by Deal$Maker January 31, 2011 5:37 PM


Dear DEALMOBILE 1 (Arthur),

Please stop copying & pasting regurgitated articles from 2007. We obviously see you're deliberately trying to cloud this thread for the readers.

Now rather prove you have access to $300,000,000 of family office money and prove you are NOT another dishonest Advance FEE scam artist.

All research proves otherwise.

Thank you
by Deal$Maker January 31, 2011 5:40 PM


I am sick and tired of scammers. Sick world this liars still take peoples money and issue fake documents.

Posting again so someone will read and not waste time or money with Arthur Hood and Richard Woods.

Richard Woods and Arthur Hood have not verified any funding
Richard Woods and Arthur Hood scammers
Richard Woods and Arthur Hood upfront fee takers.

Richard Woods Cirrus Funding
Richard Woods rwoods13@msn.com

Arthur Hood
hoodgroup65@aol.com

Prove me otherwise and someone show me verifiable funding from these brokers
by pelco February 25, 2011 1:18 PM


Arthur Hood on facebook. he is a joke fraud
by pelco May 6, 2011 11:17 AM


FYI - There are a few former 'Remington Financial' people working for ACG now, it that tells you anything.. LOL
by jenesaispas666 July 7, 2011 5:18 PM


I was introduced to Arthur Hood in late June 2011 by someone I thought I could rely on. He purported to represent a NYC based private equity group, Sassafras Interests, and major LA based real estate funders. After several discussions and meetings all of the above evidenced serious interest in a developing oil project in KS that I was involved in. Arthur brought these people to Dallas for meetings, and then asked if I could arrange a charter aircraft to review the technical data in Tulsa OK. I did, and Arthur was to pay the charter fee and the pilot bill, and I paid the fuel bill. The total was slightly less than 5 of us flying commercial. Arthur's share was proportionate to his head count. I the began to run into the excuses, the txt only communication, and the outright lies. Arthur is a fraud in my opinion
by monty m July 29, 2011 11:51 AM



everyone has asked about Arthur Hood. He and his mom have scammed people all over the Birmingham Al. area, as of this writing close to 2 million dollars is owed by Sandra and Arthur Hood, to people who had no money to lend. One case was a lady with a special needs child Sandra borrowed all the money this lady had just send to Arthur, the child did not get the care it needed. As of this writing Sandra is living in Ar. free as she sends all her s.s. chech to Arthur to keep him hiden from the law. He is wanted in Al. and Ga. and a couple of other states. If you see Arthur call your local police dept. or the Sheriff's office Its time to put this grifter behind bars.

Sandra has no means of transportation except bumming a ride with neighbors. Arthur doesn't even care about her. He drives a nice Escalade she bums rides
by morgage 1 July 29, 2011 3:41 PM



Arthur is now wanted by the FBI for fraud. He has misrepresented himself to charter airline Co.'s, he has used credit cards that he has stolen. Sandra his mom knows where he is, she refuses to help bring him to justice making her a criminal also. I'm not sure what kind of twisted relationship she has with Arthur but it is not right.

She borrowed money from my mother with the pretense of paying it back. I believe she is as much of a scam artist as Arthur, I believe he learned how to scam from his mother Sandra.

If she has borrowed money from you or your friends post it on her so we can stop both of them.
by morgage 1 August 1, 2011 1:30 PM


The only deal i had was were i saw him CLOSE 2 LOANs in 2007 for 29M that paid a lot of local people off on a project owned by KC a local developer. Then the Sale of a condo deal for 30 something millon, one in March and the other one was later in the year so i was in and saw him fund over 60M in a few months, then i know he was working with the crook richard woods so is a crook but the deals i saw arthur do both closed and funded from real lenders over 60M
by loanorangebeach August 2, 2011 12:11 AM


Press-Register (Mobile, AL){PUBLICATION2}


September 30, 2007
Section: J
Edition: Builders holding back on condo p


01
Page: 02


Condo confidence cools Builders holding back on condo projects

KATHY JUMPER Real Estate Editor
Condo confidence cools Builders holding back on condo projects


National survey finds confidence in condominium market is at its lowest level in five years

By KATHY JUMPER

Real Estate Editor

Financial broker Arthur Hood's clients are working on bulk buyouts at three Gulf condominium projects where developers want to get rid of their inventory.

"I think it's going to be an investor market for the next 12 months, and we're going to see some pretty serious bottom feeding," predicted Hood of Global Capital Solutions in Birmingham. His firm brokered the $40 million June purchase of the last 87 condos in the 142-unit San Carlos in Gulf Shores.

Two years of slow sales have killed many new condo development plans and put others on hold. The inventory glut - almost 3,000 units for sale on Alabama's Gulf Coast - has kept bankers away and Realtors hunting for buyers. In Gulf Shores, for example, developers of 10 approved condo projects have been allowed to push back their start dates because of the sluggish market.

Nationwide, builder confidence in the condo market is at its lowest level in five years, according to a survey of condo and multifamily builders by the National Association of Home Builders.

"The problems in the mortgage market are rattling consumer confidence in for-sale housing at the same time that the condo sector is trying to shake off excess inventory in a lot of markets," said David Seiders, chief economist for NAHB. "That combination is delaying any recovery in the condo sector."

And it's not expected to improve this year.

Pensacola-based developer J. Collier Merrill kept his purchase option on land in Orange Beach to build the 336-unit The Verandas condos, but said he has no plans to start the project until the market improves.

"Everybody knows the market is not there right now," said Merrill, who has built three condo complexes in Gulf Shores - Crystal Shores, Crystal Shores West and the newest, 170-unit Crystal Tower.

"When the market was going strong in 2004, we put 100 on the market, sold those and kept 70," to sell later, Merrill said of Crystal Tower. "Fortunately, the 100 have paid off the expenses on the 70, and they are good rentals. We'll start releasing some of those for sale as the inventory gets absorbed."

Sales activity has increased in August and September, according to J. Stradley of Ono Professional Partners. Still, he and two other agents in his office are obtaining their time share licenses from the state so they can sell fractional shares of condo units, he said.

Fractional ownership can help buyers concerned about the rising costs of living at or near the water, Stradley said. Owners share the costs of homeowner association dues, property taxes, insurance and potential assessments. Fractionals are sold in 1/6 shares to 1/25 shares.

Fractional sales will be the catalyst to turn the market around, according to Greg Saad of Saad & Vallas Realty Group.

"We've got to have more users, and we've got to bring it into their economic sphere," he said. "To do that you've got to divide those ownerships up. The economy is not producing enough users to justify the absorption rate it takes to get the industry moving in two years."

He and investor partners have a contract to replace the existing 120 Sea Oats condo units on Little Lagoon in Gulf Shores with a 336-unit, concrete structure. The presales were scheduled to start next month, but that has been put on hold in the current sales market, Saad said.

Fractionals would help the economy of Gulf Shores, according to Merrill.

"The normal condo buyer only uses it about 25 days a year. If they had a 1/10 fractional ownership, when it's their week to come, they'd use it. Then you've got occupancy about 80 percent of the time and those people are spending money in restaurants and stores."

Marketing is also a key, said Jeff Rouzie, leasing manager at The Wharf, an entertainment, marina, retail and condo project on the Intracoastal Waterway in Orange Beach.

"Rentals were strong in August and more folks from Louisiana started coming back to the Gulf late in the summer," Rouzie said. "Next year we can count on those folks coming back from Louisiana and Texas. But one of the best markets we've got, and we don't jump on it enough, is Atlanta. They can be here in five hours and it's all interstate."

It could be two years before the market changes, and that's barring any major hurricane, according to Hood. "The market couldn't continue going like it was," he added. "We saw stuff literally triple in price" as few as two years ago.

And condo developers are going to have to find alternate sources of funding for projects in the future, Hood added. "Local banks aren't willing to jump back into that market."

CUTLINES:

MIKE KITTRELL/Staff Photographer

Vacationers enjoy the sun and surf, with condos in the background, in August in Orange Beach. Confidence in the condo market is at it lowest in five years nationally, and local builders are trying to shed inventory.

Copyright 2007, Press-Register. All Rights Reserved. Used by NewsBank with Permission.



by loanorangebeach August 2, 2011 12:12 AM


I know of Mr Hood, and have been paid on a couple of deals he has done but as far as i can witness, this is a list of closed deals

1) 30M Panama City FL LOAN 2006
2) 34M Panama City FL LOAN 2006
3) 29M Orange Beach AL LOAN 2007
4) 34M Bulk Sale LOAN Gulf Shores 2007
5) 45M Apartment deal Atlanta 2007
6) 15M Apartment Deal Houston 2008
7) 500k LOAN in South Alabama 2008
8) 600-700k LOAN in Atlanta AREA end of 209
9) 150k Equity Placement in Energy Company in end of 2009
10) Equity in entertainment deal structured and placed 300k of 2010
11) Equity in OIL deal 1M in 2010
12) Placed a 250k Bridge LOAN in June 2011,

The above is over 180M in LOANs and Equity, Most in 06 and 07 but some since, i know this as i am close to the broker who was paid referral fees and saw the above deals done, but as far as i now this is the only deals done in last 5 years.
by beachcondosale August 2, 2011 3:01 AM


505 Ravenaux Drive is Richard Woods Jr, The Managing Member of Cirrus who has Taken Fees and used for his Personal use and never been able to fund a deal, Where Arthur has funded close to 200M in deals over last 5 years. Also Mr Woods also mr woods owes several friover advice paid to him to complete a deal that he failed on ends of mine in Gulf Shores

by loanorangebeach August 2, 2011 3:14 AM


Hello loanorangebeach or should we say Arthur Hood??
arthur hood is a ALambama guy. Find him on facebook.
He will talk with you to get upfront fees than go to email only than only text than he disappears.
He and Richard Woods work scams together. They have done so many scams they sound good but are not.
Before working with anyone verify via title funded real estate deals. Not just some random postings on a board. Yeah beachcondosale that really makes us feel better lol.
Guess you had to respond since the upfront fee business is slowing down.
by pelco August 3, 2011 3:17 PM


Someone should look at Artie's facebook where he says he is the pres. of GCS LLC If you call the telephone number he claims is his you will have a nice young lady answer. She will tell you this company DOES NOT KNOW ARTIE, the Co. is owned and founded by 2 disabled VETS. Arthur is using thier Co. as his own, lying about HIS (sic) company Anyone who would stoop so low as to use another mans company as his own is a outright fraud and doesn't need to be anywhere except in prison Especailly using a DISABLED VETS COMPANY as his doorway to fraud.

ARTHUR BE A MAN TURN YOURSELF IN one of these days you'll scam the person and it will be the mob or some cartel who will kill or hurt you
by morgage 1 August 3, 2011 3:35 PM


beachcondosale and loanorangebeach and several other of your aliases artie if you made all this money why haven't you paid all your traffic tickets and paid back all the money your mommy borrowed to help save your skin time and time again. Artie if you would like I'll post the names and the amount you owe each one. another thing artie what about those mugshots of you wanted in both Al. and Ga. driving without a license evading the police forging your name to get a truck the list goes on artie shall I name all of your crimes or will you? Your mom adopted you why is it everyone else has to take care of her, WHY? I don't believe you know what love is most cons scam artist and grifters only think of themselves and the next scam. Maybe you are in a scam right now I pity that poor soul AGAIN DO THE RIGHT THING CALL THE FBI, THE POLICE OR THE SHERIFF'S office where ever you are hiding lying and scaming your next victim before its to late.Remember even the barefoot bandit got caught so did the catch-me-if-you can guy everyone gets caught some day but by whom is up to you. The law? A Cartel? the Mafia? We live in a world where what goes around comes around. Here in Birmingham I have evey telephone number of those whom you had your mother bum and borrow money from. plus several telephone numbers of other people you have stolen credit cards, charged $4.000.00 dollar suits to never paying. chartered aircraft never paying. you want to live the life style of the rich and famous. you're not smart enough to do it.
by morgage 1 August 3, 2011 4:06 PM




Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com


by parkmanadamwhite August 3, 2011 9:44 PM


I would almost trust wesley more than Arthur Hood and Richard Woods. lol
artie you have competition.

by pelco August 4, 2011 12:55 AM


Artie the lawsuit has not got your name on it. And I understand it was dismissed. But becauce we are talking about lawsuits and lawyers. What about the money you begged your mother to borrow from an older widow lady who's son happens to be a real lawyer? What about the catfish farm your mother bought for you in Eutav Al.Where you were to lazy to get up and feed the fish? Or what about the Equitment Co. your mom bought for you?
What about your mom losing her reputation and getting kicked ouy of her church for you? Why is it even your step brothers and step sister don't respect you? Why is it everywhere you go people want to forget they ever meet you. Don't you think you have a problem? Maybe a shrink would help you but I doubt it you'd most likely con the srink. Artie stay tuned as I post more of you past failures and some of you present ones. As they say I'm watching you very closly I might even be outside your door watching you.

by morgage 1 August 5, 2011 3:59 PM


Mugshots on line has artie's mugshot on it where he is wanted.

Artie, have you paid Moll B. back yet? How about Betty M.? Her husband commited suiside and you took money from her, SHAME ON YOU! and she has to raise 4 children alone. What about Dena L. ? Do you know that FBI agent Julia T. has been looking for you?
Her telephone number is 205-326-6166

Until the next time as we see AS ARTIE TURNS OUR STOMACHS.
by morgage 1 August 14, 2011 5:55 PM



Four Star Suit Claims in Excess of Ten Million Dollars

BIRMINGHAM, Ala., May 20 /PRNewswire/ -- Four Star Holdings, Inc. [FSTH] and related entities have recently been served with a lawsuit filed in Federal District Court in Birmingham, Alabama. Filed by high profile attorney Jim Parkman and his partner Martin Adams of the Alabama law firm Parkman, Adams & White, LLC (http://www.parkmanlawfirm.com), the lawsuit claims the Florida corporation, operating out of offices in Odenville, Alabama, breached several agreements with Dallas, TX based Cirrus Holdings, Inc.

According to the lawsuit, Four Star, a real estate brokerage and development company, entered into several advisory and consulting services agreements with Cirrus in an effort to restructure and raise capital through a reverse merger with an already existing publicly reporting corporation. The lawsuit claims that after Cirrus identified a suitable public corporation and performed extensive work to prepare to enter the public markets, Four Star breached these agreements with Cirrus. Cirrus claims to have been entitled to, yet denied ownership of five percent of the outstanding shares of Four Star upon acquisition of the new company.

In addition, the court filing accuses board members, Bobby Smith, Jr. and Fran Mize of negligently and wantonly failing to abide by the alleged existing agreements with Cirrus and its principal, Richard Woods. "Mr. Woods and his team, at the request of Four Star, moved to Alabama on the promises of Mr. Smith and Ms. Mize. He expected to get paid but didn't. He wasn't even reimbursed for his expenses," stated Parkman. "Now the company has gone public, but they have failed to honor their obligations and have failed to give Mr. Woods the stock he is owed under the agreements, not to mention his money. This cannot be allowed to happen in Alabama," argued Parkman.

"Mr. Woods was forced to turn to the Courts to remedy the injury that was inflicted on him. Mr. Parkman and I look forward to representing Richard in this case and giving him his day in court," concluded Martin Adams. "Ultimately, Mr. Woods was left with no choice."

Parkman, Adams & White, LLC is a nationally recognized law firm who gained fame after their successful representation of former HealthSouth CEO Richard Scrushy in the first successful defense of a corporate executive charged under the Sarbanes-Oxley Act.


SOURCE Parkman, Adams & White, LLC

Back to top
RELATED LINKS
http://www.parkmanlawfirm.com


by 123456up August 17, 2011 2:03 AM



There you go again artie using an internet cafe and a phone name like 123456up.

Artie you owe $198,000.00 to Emily brown, what about Diane? her 70 year old husband had to go back to work driving a truck because you conned them out of several thousand dollars. Did you pay Congessman Pat Swindall back or his taylor for the $4,000.00 suit that was made for you so you can look like a BIG SHOT? What about Kevin Vincent the money he put up to bail you out of jail? I bet he is still holding the bag, Am I right Artie? Anyone can call the bail bonds-man at 1-770-963-1001 they are LOOKING for YOU. His name is John.

By the way Artie you look just like your real daddy his name was Coconino he was also a con man gangster type guy. You can see his mugshot on line. You are the spitting image of him. As they say the apple doesn't fall far from the tree. I wonder when your good friend Alvin Wells will turn you in? I know he keeps in contact with you. Artie here is his phone # 1-404-578-6546Maybe he is talking to the law as I write this. We are closing in on you, keep looking over your shoulder. The bounty on you head is getting higher!

One more thing Artie as you keep posting I'll help with my posts until you are in jail.

If anyone knows where Arthur is and is haboring him you will also be prosecuted along with Arthur. I'd highly suggest you do this soon.
by morgage 1 August 20, 2011 6:10 PM


Morgage 1 :

Artie is so low that he takes most of his mother's social security check every month. She is starving herself to death to support him -- literally. O yes, she, too, is an expert liar and manipulater, but she lives only to support Artie. Artie is so low that he constantly has a fabricated crisis each month to make sure that she gives him every penny.

Bondsman
by The Bondsman August 20, 2011 6:27 PM



Arthur Hood's real father is Pasquale "Butchie" Cisternino. He was with the Cleveland LCN Family. His boss was Jack "Jackie White" Licavolli. In his later years he and The cleveland mob enforcer Eugene " The Animal" Ciausallo created a buglary ring together. They also started a loan shark business together. His history can ba found. Butchie Cicternino picture on google.
by morgage 1 August 20, 2011 7:25 PM



Artie here is some more news of your family history.

Your adopted Grandmother on your moms side was a flapper or "a call girl, stripper".She new another flapper Arlyne "Weiss" Brickman mother, she went by many aliases "Denise" was one of many. She was one of "The Irishman" Danny Greenes girls. After your daddy and Ronald "The Crab" Carabbia killed the Irishman and went to prison your real mom went to visit your daddy "with fake marrage license" who is Butchie Cisternino and on one of the conjugal visits got pregnant with you. Therefore you landed at the Hood home because your adopted Grandmother was once connected to to mafia and the "Ohio Mob"

By the way I can see why you like to stay in the FL. area after all your real Godfather Eugene "The Animal" Ciausulla, lives there. I believe you are in contact with him from my sources. I've been in contact with your "BUDDY" Alvie he is ready to turn you in for the reward. I'm LOOKING FOR YOU ARTIE, AND I WILL BRING YOU TO JUSTICE JUST LIKE "My Father" DID TO YOUR DADDY. Just look over your shoulder
by morgage 1 August 28, 2011 3:37 PM



Hey Artie, I see you now have your name on several watch lists You're becoming famous for your exploits.

Scamtracers
Scamalert
Scaminformer
Ripoffreport

You're getting quit a reputation, just like your daddy.
Did you pull Leo Baez in as a mark or is he part of your mafia ring? The New Robin Hood He takes from everybody and then spends it at Stripclubs Hey if any of you at the Pink Pony see Artie-Hood there is a reward out for him.
by morgage 1 August 28, 2011 6:49 PM


I know where Arthur lives. Is he wanted? How can we verify this?
by Donmoyer September 2, 2011 4:30 PM


Are you Don Moyer the Attorney?
Look up his name on arthur hood busted. Contact Danny Sridej badge # 506 Oakwood Ga. # 770-534-2364 ext. 31 Call the Shelby Co. Sheriff's dept. 205-669-4181 Contact the real owner of the Co. artie claims to own, his # is 970-256-0465 Patrcia will let you talk to the owner of the Co. and its not artie.

J. Tredwell an attorney is looking for artie he took $17,000 from one of his clients and took off into the wild blue yonder. Contact William Ratliff in Birmingham Al. Contact some of his mothers old pators in Birmingham like Bill French. Ask is adopted brother David Hood @ 205-324-9584 he is the owner of Induron Paint. Ask David Zorger # 770-843-5969 Ask Rob Creel 770-823-2953. Ask ANYONE WHO TRULY KNOWS artie.

Artie says he has made all this money yet it hasn't filled it with the IRS call the Ga. IRS # 404-338-7962
Contact the Birmingham Al. IRS office # 205-912-5333.

Yes artie is wanted! He will sell you a tail and steal your money. There are several people that artie has scamed they are putting up a large sum of money have artie brought to justice.I've been told they are in contact with James W. Kasulla @ Fugitive Recovery. Also a Zack Botten @ Recovery Unlimited.

artie is most likely having yet another crisis in his life now and is calling up mommy for more money to hide. I've had a private investigator go out and see how he lets or should I say makes his mother live. She has an old broken down car and lives in a trashy looking mobile home. If artie loved his mother he would take some of that $300,000,000,00 or some of that $3.500,000,00 and at least get her a car. I don't think he knows how to love.

artie give it up before its to late, turn your self in. artie you owe several million dollars to people all over america you have several mortgage sites asking questions about your scams, you can't run forever. Several TV stations would gladly pick up on this and they would let everyone know how you operate, all it would take is a couple of phone calls. A few phone calls to the IRS sending in some of your lies of how much you've told everyone you are worth. artie 5% of $300,000,000,00 is $15,000,000,00 I'm sure the IRS would like thier share of that. DON'T YOU THINK?
by morgage 1 September 3, 2011 2:11 PM


artie I've just sent an e-mail and a letter to Curt Novy of the Federal Mortgage Task Force. His phone # number is 858-756-2370. If anyone else wants to complain about arties fraud activities. artie you don't have a brokers licenses or a real estate licenses. I've also sent all thi information to all the Real Estate licesning boards in the states you have scammed people in this will let them know you are working illegally in thier states.

artie it is a federal crime to do what you are doing.
by morgage 1 September 3, 2011 2:26 PM


I try to help some of you to know artie better.

1st. artie has never came on here and denied all these charges, if he did he would expose his lies.

2nd. artie has told so many different tales of how much he has earned or in control of he can't remember one lie from another.He has told several victims that he has made anywhere from $10,000 thousand to $1,000,000,000 on different deals. I have taken 11 depositions from his victims and have 11 different stories on what artie has done and his net value.

3rd. artie does not, I repeat does not have permit or licenses to operate a brokerage company. He has no office to work out of. He has a cell phone and an e-mail address. he works out of his car, "he drives a Cadillac Escalade with a broken right hand door handle," or a friends home. Does this sound like an honest broker? Under the act of 1943 on investment firms it says you have to be a qualified broker, one who has gone to school,worked for a firm somewhere. A qualified agent would have a portfolio that he can show, and have a legitimate office that he would be working out of. He wouldn't tell one person one thing and another something else, history could be backed up with truth through his portfolio history. He wouldn't have addresses in NV. TX. IL. AL. and GA. and be on the run from the Goverment both local, state and federal. He wouldn't write bad checks, evade a police check point. He would have drivers license. I've checked in all the states he does not have a legal drivers licenses.

4th. artie claims to have made deals with Gen. Ronald R. Fogelman, Sec. of State Condalisa Rice, claims he is best friends with a music mogel named Michael Blakey
claims he made over 1 million dollars in 2007. he claims he made a 34 million dollar deal in TX. and a 34 million dollar deal in Kansas City, a 34 million dollar deal in San Carlos gulf shores. 24 million for the Shiek of Arabia. 100 million for IPMN Medical. says he closed a 30 to 40 million dollar deal in Palm City Beach FL.
I have 9 more of these closings that he has claimed and has told this to various victims just to impress them.

5th. artie is using the good people here in America. DON'T LET HIM HARM ONE MORE!

6th. artie loves Private Jets he has taken money in AL. to fly on one he did not pay the victim back that lent him the money. He has conned a Private Jet Co.in GA. to fly him all over the place, artie is knwn for lavious party going. He can con his way into a Private Party looking for victims.

7th. artie is known to gamble, drink, and use drugs, he tries to dress well and is very good at his con. Be aware he is looking for his next mark right now. It could be you, your children, a close friend, or a nieghbor. He will find another mark to make score off of. Is this the kind of man you want to see rome our streets? without a drivers license and no insurance on his car do you want him driving and possibly harming or killing someone

Good People, don't harbor artie you can get in trouble for this and could even be charged as a accomplice and could serve prison time.

Whoever steps up to te plate will get the deal, artie has many accomplices in crime so if you are one step up and we will make you a good deal.

One last thing, artie is not as smart as he thinks he is, just look at all the stories he has made up and cannot keep each story straight. Like his real daddy he is a work of TRASH!
by morgage 1 September 6, 2011 1:19 AM


Morgage 1, I took your advice and called several of the names you listed. They confirmed what you had to say. They gave me other names and phone numbers to call. You are right some of these that I called don't even know arthur except they have found out Arthur has dropped or used thier name to open doors. I spoke with the singer song writer that you mentioned he said he would like to catch Arthur in a dark alley. I called the IRS and yes they said they have alot of questions to ask about Arthur. I also called to find out if wehat you said about Arthur needing a permit or a license to operate, you are right he needs a college degree and that degree includes business law, and accounting. I spoke with the Attorney General here in Alabama he confirmed that you cannot operate without a B.A. in business and corperate law and administration. I was also told you have to file your firm with the State of Alabama. I went a step farther and called the Attorney General of Georgia I was told the same thing. I asked if one was stupid or foolish enough to operate without said permit or license and was told ignorance is what gets most young men and women in prison. I asked what kind of time would someone who operates like this would get and was told around 35 years or more, depending on the cooperation of the defendent. I was told to call Eric Holders office and speak with someone there about Arthur. I did and was told Arthur is in deep trouble and that he will be picked up soon. that the Goverment is working on a plan right now that will land Arthur in prison for life. The lady I spoke with said that Arthur is under federal investigation as a racketeer boss and that they have already made a deal with one of Arthurs friends and that they will have Arthur in custody with what he is envolved with right now.

I knew how Arthur treated his mother and her friends. I had a hard time with the rest of what you had to say. BUT, now I can say Thank You. My family was taken for a ride with Sandra's cries for help for her son. Sandra would always say he just needs another $100.00 or Arthur just needs another $500.00 to complete this big deal he is working on. My family new Mr. Hood very well, and we are now ashamed of the way she and Arthur have betrayed our love and friendship. I can only hope and pray Arthur does the right thing for Sandra's sake and turn himself in before he faces life in prison. Sandra is getting close to 80 years old a should be looked after by her son not friends she knows. Arthur I truly am ashamed of you, and I pray you get right with god very soon. You know you are harming your mother and she does love you. So show some respect go to her turn your self in and maybe God will help you. I remember several times when your mother would have you prayed for and what God said about what he had called you to do. And it wasn't to be a criminal, but a servant of Jesus. Arthur its not to late you can change, many of you mothers friends will stand with you and her. When you were but a child I told your mother how God would use you, but you turned to satan out of greed for money, turn back I pray. I've known you and your mom for 25 plus years. Now I don't know you.
by The Bondsman September 6, 2011 11:09 PM


Arthur, has closed that i can find several deals in 2006,2007,2008 all making some money but nothing since then, making some money over 3 million, in gross fees, then his cut was about 1, his Cpa at the time was Culotta, Scroggins, Hendricks & Gillespie, P.C. Stephen R. Hendricks, this was under the FIRM Global Capital Solutions LLC formed in Alabama in end of 2006/ start of 2007 and the lawyer who filed and was on Firm is Davis in Mobile area, But i can find nothing on Cirrus and Rich Woods,??? any help with mr woods all i have his a Southlake Tx Address 505 Raven Aux and a Bank of America account that according to the bank is in the name of Cirrus and Arthur Hood is not on the account only Richard Woods Jr who has taken over 7,500 from my client and done nothing.

by taken2010 September 7, 2011 1:21 AM


taken 2010 if you are not artie using yet another name post your telephone number and I'll have onne of our agents contact you.
by morgage 1 September 7, 2011 4:25 PM


taken2010.
Only artie would know all that you have posted here.

1st, Banks don't give out information on who is or who isn't on an account.

2nd, Unless you are a police officer or an attorney with connections to a judge for a warrant you would not know this.

3rd, I have asked a judge for an order to see if this ip account "taken2010 along with some of the other suspicious account names on here" has a name and who it is register to and the last place it was used.

4th, You say Mr. Woods has taken $7500.00 from one of your clients? Who is the client so we can take a deposition from him or her. We can ask that party what they know about both artie and woods.

5th, Thank you we just forewareded the amount you said artie made to the IRS agent involved in this case. Its my understanding they to will be filing a case against artie for tax evasion. And we will be sending an agent to talk with the CPA, the lawyer and the bank.

Don't post back with some excuse like artie uses about the client said or done this or that unless you are artie. We have a way to check and see if the wording and style of writing is that of artie.


by morgage 1 September 7, 2011 8:23 PM


1) i have ways and was able to get the info
2) have ways
4) what is an email address i can send the info over and its on 3 people woods has taken from, i am not putting people numbers on this who have not said its ok, post an email address i can send this to and i will send over my number also



by taken2010 September 8, 2011 5:21 AM


bradparker69@yahoo.com
by morgage 1 September 8, 2011 5:41 PM


i want you to stop buging me. i didn't ask to be born,and i didn't ask for the hoods to adopt me period.my mom made me who i am she was the one gave me the money to get started in this she pushed me inti it. she got the money for me.yes i took money and its the fault of them that gave it to me they did not have to trust me. if ther stupid its there falt not mine. you won't cauch me i will leave the country first. call mom and chew her out call her at 501-723-8533 bug her not me.yes i own all those llc and there is nothing you can do to me. leave me alone now. tell all them it was there falt for trusting me they are stupid and i will keep up what i am doing so shut up. i'm not afraid of morgage 1 or anyone arthur
by arthurhood September 9, 2011 10:51 AM


artie this sounds like a confession, is it?
by morgage 1 September 9, 2011 12:34 PM


artie, I can't believe you'd say things like that about a mother who adopted you. You are lower than scum! I said in an earlier post you don't know how to love.

It seems all you can do is hurt other people who love and try to help you. how SIC.
by morgage 1 September 9, 2011 1:08 PM


artie, after looking up your Facebook it scares me. You seem as facinated with aircraft as the terrorist, and with you flying on the jets that never paid for what do you have planned? Should we notify the NSA? We could tell them to look you and your interests up on Facebook. The way you like night clubs and don't say you don't. We could mention the Quest Club its on your Facebook. artie you like all the money and investment sites, like the High Rollers site, is this your way of learning to be a griffter? artie are you GAY? It says you like the Gay Couples Law, and Southern Aids Coalition, do you have AIDS? artie you need to come on into the Birmingham Federal building and take whats coming to you. Shelby Co. will give you a motel room. Oh and 3 meals a day. the we can look at all the fraud charges and get you free room and board for the next 40 years. Will this encourage you or shouls we try for life?
by morgage 1 September 9, 2011 2:00 PM


so what if im gay? yes ive been to the Quest Club in Birmingham, and Marys in atlanta. im living with my gay parder. what mom doesnt no wont harm her.its the gays that you can trust everyone else is open season. this is my life not yours and no one elses. i said it was the fault of anyone who wants to give away money ill take it from anyone.goodbye
by arthurhood September 9, 2011 7:37 PM


artie, let me be the first to tell you all gays have a mother. The way you talk and treat yours is going to catch up to you. One of your gay lovers, who just happens to love his mother will turn you over to us. You might not think that your mother believes all of what you are doing, and saying, we now have the photos to back it up. Do you want these sent to her? The ones of you in the gay night clubs? We have telephone conversations with you and others, Shall we send them to her and let her her in your own voice what you are doing.

Artie you are hurting her, STOP IT! She has given everything up for you, wake up boy Smell the coffee its over. You will not have anybody who will stand with you at the rate you're going. It gets lonely at the bottom. I wouldn't treat anybody the way you treat those that want to help you.
by morgage 1 September 10, 2011 5:49 PM


I sat in on a deposition today about artie. The gentleman who gave the deposition stated that artie's mom lived in one of his homes. There were 10 attorneys there from all over the united states. Some of the questions asked were.

1, Were is Arthur Hood?
2, Are you or his mother harboring him?
3, Do you perdonally know Arthur Hood?
3, Does Sandra Hood still send Arthur money, and how much?
4, How does Arthur contact you?
5, Has Arthur showed you any amounts of money he has made, and if so how much?
6, How many LLC's does Arthur own, or claim to own?
7, Have you heard of any lawsuits that Arthur has pending, and if so with who?
8, Do you know what Arthur, Richard Woods, or Alvin Wells is driving?
9, Have you heard of Induron Coatings in Alabama, and if so what part of the company does Arthur own?

These were just some of the questions asked of the respondent. However I believe the most pertinent questions and answers was in the hallway as the attornies exchanged notes. I heard several of the attornies tell and show what artie has used for a resume'
He has told many many victims that he has control of his families wealth, and it was his ideas that made Induron Coatings, into what it is today. He has many different documents and claims that the attornies said they couldn't wait to get him in the witness chair. One of the attornies from Colorado were his client claims his Company was destoyed by artie says artie couldn't keep any story straight. He said that the Cirrus LLC name popped up on artie's facebook and when you thumbnailed it it would show up as artie's Company instead of his clients. His client got call afer call asking for the return of their money and threatened to sue if the money wasn't returned.

I spoke with one from Pa. he said that this was all he needed for his client to win a lawsuit that is pending. another attorney from Ga. said that several of the cities were getting ready to file legal suits against artie for not having Business License in thier cities. Alabama said the same thing artie had done business without proper license, and owed them revenue.

Two of the States Attornies said artie had not filed or paid state tax in last few years. The Attorney from Arizona said his Sheriff wanted artie in his tent city.

This is what artie is facing!

ARTIE WHERE ARE YOU? Better get some help! I can't wait until I slap the cuffs on you!
by morgage 1 September 14, 2011 7:54 PM


The counts are mounting toward artie. I hear tell there is 17 counts of theft by deception being filed very soon.

The counts stem from where artie used his mom to get money from her friends with the promise to pay them back when artie closed his big deal. The victims were older ladies and mothers with young children at home. They were told its an investment and you'll recieve part of the big deal artie is closing on right now, plus the money you give me to give to artie.

artie has told many of those I've interviewed that he is always working on a "BIG DEAL"! "QUOTE EN QUOTE" His big deals never come to pass and he finds an excuse I couldn't get the money to close or I couldn't get the money to travel to close my "BIG DEAL". artie seems to find the money to meet people and con them but he never finds the money pay back those that have trusted him.

Those of you that have lent money to artie's crime career please let us know what amount and when and what was promised to you. Sign on here and help us stop artie he doesn't just need a slap on the wrist, he needs to feel the whole effect of what he has done. You can easily start an account on this site. When artie goes to prison, unless he gets a long sentence he will be ou on the streets conning old women all over again, do you want this on your CONSCIOUS? I can only hope not.
by morgage 1 September 19, 2011 12:21 AM


We know artie is s fraud. How about Rich Woods?
by pelco September 27, 2011 3:45 PM


artie is in jail in Arkansas, he is being held without bond, he will be sent to Oak Wood Georgia, then to Lawrenceville Georgia, to face charges. Then to Prattville Alabama, Where he faces more felony charges. Its my understanding he will be in prison in Georgia for 5 to 10 years alone.
by morgage 1 October 18, 2011 8:56 PM


POST MUGSHOT PLZZZ!!!
by ERU October 21, 2011 12:59 AM


Go to www.mugshotsonline.com arthur samuel hood you'll see his mugshot.

As for a bit of other news artie and his friend andy have been scamming a Ca. man by the name of Jerald Shutte. The sheriff's recordings from the jail have artie crying and whimpering to Mr. Shutte, and several others. Mr Shutte is in for a big surprise when he hears or finds out all of artie's dealings, and all the bad checks artie wrote. I'm sure they law will be knocking on his door very soon thanks to artie. artie even took out a title loan on his escalade back in 2007 for $25,000,00 he never paid for the pawn shop loan and with interest he owes close to a half million dollars. Anyone want to pay his pawn slip and own a half million dollar caddy? artie is in for a rude shock as all the charges start coming in. 3 counties in Alabama. 2 counties in Georgia. 2 more in Florida. and elsewhere including IRS for failure to file income tax.
by morgage 1 October 24, 2011 12:20 AM


artie has another close associate michael and eden jones hinds from Alabama. back in June 30th 2010, DGB LLC,et al vs. hinds. Docket # 1081767. The charges were for conversion, unjust enrichment, and fraudulent transfer.The records show it was around a 14 million dollar deal. The court stated the following.

A. Fraudulent Misrepresentation.
B. Fraudulent Suppression.
C. Securities Fraud.
D. Shareholders Fraud.
E. Breach of Fiducairy Duty.
F. Civil Conspiracy.
G. Negligence.
H. Accounting and Dissolution.

Is artie still doing these same things? The answer is YES.
by morgage 1 October 24, 2011 12:47 AM


I wander if anyone has called Mr. Schutte and told him of the legal suit filed against the hindes? Or if Mr. Schutte knew of artie's lies?

Mr. Schutte if you read this RUN,don't walk, RUN, from these scam artists. They will take your money and reputation. Mr. Schutte look up the Al. docket number 1081767 this is artie's best friend. Mrs. Hood arties mom calls him for legal advice for artie.
by morgage 1 November 4, 2011 1:27 PM


Call Mr. Schutte and warn him of artie's deeds. Mr. Schutte needs to know the truth. Mr.Shutte's phone # is 1-818-262-1400 and his fax # is1-888-843-7915
by morgage 1 November 4, 2011 8:05 PM


Mr. Shutte if you or one of your friends reads this, Michael Hinds and his wife lost thier appeal. I believe you should investigate both the Hinds and Mr. Hood before you jump into bed with them.

The dismisal of Hind's appeal is docket # 1070994 and #1070902. This can be found in the Supreme Court of Alabama using either of the docket numbers.

I personally would not work with anyone artie is in pardenership or business with. Do what you wish but I believe you will be sorry later. As youcvan see by this and several othet sights your name is being used along with artie's as a scam artist, I can only hope this doesn't get you in trouble and hurt your teaching at the college.

I met you several years ago and thought highly of you please don't make me think different.
by morgage 1 November 6, 2011 8:42 PM


Mortgage1, Artie is posting on FB. Is he not in jail??? WTF!!! Will we EVER get restitution.....upload arrest record plzzz!!!
by ERU November 8, 2011 6:14 PM


Where is the world is Artie.....lmao...rofl....lol
by ERU November 8, 2011 6:16 PM


ARThur hood might be back. he is posting on FB again. looks terrible
by pelco November 11, 2011 2:04 PM


Guess hinds and schutte bailed him out...let the carnage continue.
by ERU November 11, 2011 11:02 PM


I know were Artheur Hood is try to run one on.
by EPCIEF December 10, 2011 8:53 PM


I know were Auther Hood is. Email at epcshc@live.com. He's trying to run one on me
by EPCIEF December 10, 2011 8:56 PM


artie had a follower of his cons try and stop me from saying anything on here. But becauce artie who from now on will be called cry-baby. cry-baby was to get a job in Arkansas and go back to school, and help take care of his mother. When he was released from jail in Georgia he did not return to Arkansas, get ajob, and sign up for school. as he signed on a judges order. I hear the judge is ready to throw the book at him. Because cry-baby didn't follow those orders I can now come after cry-baby again.

His mom has cried to a man in Ca. by the name of Gerald Shutte he is a college teacher and an investor in land dealings, one taking place in Tracy Ca. Sandra cry-baby's mom is crying out to get the poor boy a car to keep up his image of a high roller but as we know its a con-man game that he and a stooge by the name of andy are playing. cry-baby has all kinds of shelf llc's he is hiding behind when one fais or gets in trouble he finds another one to use. cry-baby can't defend himself because he knows we have what it takes to dispute his lies.

Yes cry-baby I'm back. I went to both the Van Buren Co. jail and talked to some of the inmates friends and family that was in jail with him, they all said he cried like a baby while in jail, this was also the case in Georgia, he cried like a little baby to his mommy, andy, and Mr. Shutte. cry-baby will you ever grow up? or will you remain on your mommies breasts forever.

I'm told he is running around with under age boys bailing them out of jail with bad checks. cry-baby are you a pedifile?

Until next time as cry-baby does his crying I'll say watch out cry-baby might be after your money and maybe your son!
by morgage 1 December 16, 2011 2:54 PM


Epcief, how and when did cry-baby run a scam on you? And what was the scam? One of his old friends in Birmingham says he has several lawsuits filed. And that this Mr. Shutte hasn't heard of what cry-baby has done all over the USA. His friend told me that Woods and cry-baby are still in pardenership, and are still running scams together. This hinds Guy, that pelco was posting about is said to be gay along with Mr. Shutte. I've sent one of our investigators out to California to talk with some of his students and we're running a back ground check on Shutte to see if he along with cry-babies other friends are all con-men. I'm told that gis mom taught cry-baby to scam folks. In Alabama she is know as a white witch as some of the christians she knows have been saying and she acts like a Gypsy, and they say she can turn on the tears. cry-babies mom declares he is a christian! If thats how the christians act count me out. cry-baby is a Christian con artist can you believe it? And his mom is to, she has begged and borrowed over 2 million dollars in less than 5 years with the promise of paying it back as soon as cry-baby closes his big deal. From what I understand he has closed countless big deals... So cry-baby where is the money to pay back all that was taken by lies and promises? I can tell you you are not a christian because if youwere you'd show up in court when called, you wouldn't drive without a drivers license, you wouldn't borrow money on your car and let it slip your mind for 4 years. As a matter of fact your mom can't be much of a christan either, lieing and borrowing money save your hide and let you live the life of Riley.Come on cry-baby get on here and tell us why you didn't pay back all the money your mom borrowed for your scemes. Cry-baby you are to yellow to tell the truth, so you hide behind lies. Am I not right? Come cry-baby prove me wrong! I DARE YOU TO!
by morgage 1 December 19, 2011 4:23 AM


Epcief, how and when did cry-baby run a scam on you? And what was the scam? One of his old friends in Birmingham says he has several lawsuits filed. And that this Mr. Shutte hasn't heard of what cry-baby has done all over the USA. His friend told me that Woods and cry-baby are still in pardenership, and are still running scams together. This hinds Guy, that pelco was posting about is said to be gay along with Mr. Shutte. I've sent one of our investigators out to California to talk with some of his students and we're running a back ground check on Shutte to see if he along with cry-babies other friends are all con-men. I'm told that gis mom taught cry-baby to scam folks. In Alabama she is know as a white witch as some of the christians she knows have been saying and she acts like a Gypsy, and they say she can turn on the tears. cry-babies mom declares he is a christian! If thats how the christians act count me out. cry-baby is a Christian con artist can you believe it? And his mom is to, she has begged and borrowed over 2 million dollars in less than 5 years with the promise of paying it back as soon as cry-baby closes his big deal. From what I understand he has closed countless big deals... So cry-baby where is the money to pay back all that was taken by lies and promises? I can tell you you are not a christian because if youwere you'd show up in court when called, you wouldn't drive without a drivers license, you wouldn't borrow money on your car and let it slip your mind for 4 years. As a matter of fact your mom can't be much of a christan either, lieing and borrowing money to save your hide and let you live the life of Riley.Come on cry-baby get on here and tell us why you didn't pay back all the money your mom borrowed for your scemes. Cry-baby you are to yellow to tell the truth, so you hide behind lies. Am I not right? Come cry-baby prove me wrong! I DARE YOU TO!
by morgage 1 December 19, 2011 4:31 AM


Epcief, how and when did cry-baby run a scam on you? And what was the scam? One of his old friends in Birmingham says he has several lawsuits filed. And that this Mr. Shutte hasn't heard of what cry-baby has done all over the USA. His friend told me that Woods and cry-baby are still in pardenership, and are still running scams together. This hinds Guy, that pelco was posting about is said to be gay along with Mr. Shutte. I've sent one of our investigators out to California to talk with some of his students and we're running a back ground check on Shutte to see if he along with cry-babies other friends are all con-men. I'm told that gis mom taught cry-baby to scam folks. In Alabama she is know as a white witch as some of the christians she knows have been saying and she acts like a Gypsy, and they say she can turn on the tears. cry-babies mom declares he is a christian! If thats how the christians act count me out. cry-baby is a Christian con artist can you believe it? And his mom is to, she has begged and borrowed over 2 million dollars in less than 5 years with the promise of paying it back as soon as cry-baby closes his big deal. From what I understand he has closed countless big deals... So cry-baby where is the money to pay back all that was taken by lies and promises? I can tell you you are not a christian because if youwere you'd show up in court when called, you wouldn't drive without a drivers license, you wouldn't borrow money on your car and let it slip your mind for 4 years. As a matter of fact your mom can't be much of a christan either, lieing and borrowing money to save your hide and let you live the life of Riley.Come on cry-baby get on here and tell us why you didn't pay back all the money your mom borrowed for your scemes. Cry-baby you are to yellow to tell the truth, so you hide behind lies. Am I not right? Come cry-baby prove me wrong! I DARE YOU TO!
by morgage 1 December 19, 2011 4:23 AM


Mortgage1,
It seems that much of your information has been either exaggerated or falsified. Why have you not revealed who you are if you have such a major vendetta against Mr. Hood? Internet libel constitutes a crime. In order for a victim to bring a cause of action for internet libel, a victim must establish that the individual published a statement that was defamatory while also acting with either actual intent, reckless disregard, or negligence regarding the truth of the statement. It is especially easy to prove this if the victim is accused of immoral acts, inability to perform their profession (Including dishonest business practices), or having a disease (as you made references to HIV.) For example, there was a woman in Florida awarded over 11 million against an individual for calling her a "fraud" and "con artist" on the internet in recent years. Now, shall we dispense with the ring around the rosey and put an end to this campaign. If, in fact, Mr. Hood did act recklessly in the past, then it does a great disservice to those involved for you to be acting this way in an internet blog rather than using the appropriate channels and exposing yourself to a potential civil action. I bid you well.
by jaf1971 February 8, 2012 4:12 AM


this entire thread and NO confirmation of funding. guy is a fraud
by pelco February 18, 2012 1:15 PM


Arthur Hood was arrested by the US Marshals and Dallas Police in Dallas Texas today 4/11/2012 on a felony warrant for theft $1500-$20,000. He is currently in the Dallas County Jail.
by True Justice April 11, 2012 11:44 PM


at least texas gets the frauds. God bless texas
by pelco April 12, 2012 9:53 PM


Is Arther bonded out yet? What was the warrant on bad checks again? Does anyone one know where Mrs. Hood "Arthurs mom" is? She left Arkansas, without telling anyone. Georgia drop the the ball on him. They let him go with a slap on the hand. I hear he is still wanted in Alabama for bad checks.
What does jaf1971 think about Arthur now?
by The Bondsman April 20, 2012 11:30 PM


Its my understanding that the marshals service only gets involved in a federal case. Is Arthur's arrest on a federal warrant? The jail post said Arthur had $0.00 bond set so is he or isn't he still in jail? I heard there is still a federal investigation here in Alabama against Arthur and possibly against his mother. whether its true or not I'm not sure. I don't understand how they get by with doing what they are alleged doing.From speaking with some of the women here they seemed to have borrowed a large sum from several ladies, with the promise of paying it back with interest.Some is hear say most seems very real. I did call the title loan place and it was true that Arthur borrowed #25 thousand on his Cadillac 4 years ago and never paid it back. I also called the couple she was staying with in Arkansas they said they were not sure where Mrs. Hood moved to, that a young man named Ryan was most likely looking after her now. That he was from some place in Alabama, and going to school to be come an attorney.
by The Bondsman April 22, 2012 2:07 AM


Does anyone know if Arthur made his court appearance this morning at 9 am? Or did he skip out again?
by The Bondsman April 30, 2012 1:13 PM


Hello,

Are you a business man that is looking for a fast loan to start up your own
business or mortgage to refinance your project. Am a private lender that
gives out loan to both local and international client at the rate of 8%. If
you are interested in getting a fast loan do get back to me as soon as
possible. You can write me back at my private mail
customercare@sjaccess.com

Steve Jackson,
Lender.
by access May 4, 2012 11:00 AM


I am richard woods mentioned in the above posts, I have been a partner of Arthur Hood.
I see some disparaging remarks about myself in the post above, I do not know any of you or recognize any deal referenced in here as it relates to me.
if anyone has a beef with me then you can contact me directly because I would like to know what you are referencing and since you haven't contacted me directly I suggest you cease and desist or I will take legal action.
in case you are unclear on how to reach me the try rwoods.cirrus@gmail.com


by rwoods.cirrus August 8, 2012 8:17 PM


Well once again Arthur jumped bail and didn't show up in court, now he has another warrant out for his arrest.
by The Bondsman February 11, 2013 8:36 PM


Margage 1 you seem to know your stuff. As I was reading over some comments you have made you mentioned Leo Baez. Can you tell me anything about this man? What is, or was, his association with this situation or Hood? Tks!
by JL Smith April 23, 2013 3:29 PM


Mortgage1, and The Bondsman and a few other names however they all look like the same person on here just putting up lies, and crap, i have made money with arthur over the years and a lot in last 2 years, It seems that much of your information has been either exaggerated or falsified. Why have you not revealed who you are if you have such a major vendetta against Mr. Hood? Internet libel constitutes a crime. In order for a victim to bring a cause of action for internet libel, a victim must establish that the individual published a statement that was defamatory while also acting with either actual intent, reckless disregard, or negligence regarding the truth of the statement. It is especially easy to prove this if the victim is accused of immoral acts, inability to perform their profession (Including dishonest business practices), or having a disease (as you made references to HIV.) For example, there was a woman in Florida awarded over 11 million against an individual for calling her a "fraud" and "con artist" on the internet in recent years. Now, shall we dispense with the ring around the rosey and put an end to this campaign. If, in fact, Mr. Hood did act recklessly in the past, then it does a great disservice to those involved for you to be acting this way in an internet blog rather than using the appropriate channels and exposing yourself to a potential civil action. I bid you well.

by MJB August 18, 2013 12:46 PM


I have made a lot of money with Arthur Hood Deals over the last 2 years, and then back before that when Real Estate was doing well in the 2005-2007 time frame he is a good person and has great deals.

mjustinbradford@aol.com
by MJB August 18, 2013 12:49 PM


Most people at that age have not funded, over 100M in Land deals, 40M in Condo Buyouts, 100M in Multi Family and about 20M in Small Equity deals
see bellow and far more, he has helped on a lot and made myself and others money.
San Carlos condos sold to investor
Brokers say buyer plans to put the 87 Gulf-front condos back on market
Thursday, June 21, 2007
By KATHY JUMPER
Real Estate Editor
Financially troubled beach developers have sold the last 87 Gulf-front condominium units in San Carlos in Gulf Shores for $40 million to a Portland, Ore., investor who plans to put them back on the market, according to financial brokers.

Holiday Development received $32 million from the sale, which will go to pay creditors; the other $8 million will pay off debts incurred in building the 142-unit, 19-story structure, including construction repairs, the brokers said.

The financial deal was structured by Paul Garcia of Acer Capital Group, an investment banking firm based in Irvine, Calif., and Arthur Hood of Global Capital Solutions in Birmingham.

The Holiday partners are John P. Case Jr. of Coastal Builders in Mobile; real estate broker Rick A. Phillips, an owner of Ono Professional Partners in Gulf Shores; and Robert J. Williams of Mobile, a former owner of Terminix Co.

The partners declined to comment on the condo sale.

The 87 units were purchased at a substantial discount from their pre-sale prices -- about $320 per square foot rather than the $475 to $500 per square foot that Realtors said was paid by other buyers about two years ago.

San Carlos was among several projects, either built or planned, that got caught in the post-Katrina meltdown at the Gulf. Its units presold in 2004 at prices between $475,000 and $1.2 million. By the time the units were ready to close last fall, a glut of inventory and rising insurance prices made for a stagnant sales market. Condo prices dropped, and the developers struggled to close on the units.

Case and Phillips were sued earlier this month by Compass Bank for failing to pay more than $9 million due on a promissory note issued two years ago. The bank was one of six lenders used to finance the $100 million purchase of 15.8 acres off Alabama 161 in Orange Beach, where they and Williams planned to build the 500-unit Mandalay Beach.

The developers have said they hope soon to conclude a sale on Mandalay that will clear up most of the debt.

Garcia and Hood are working to find a buyer for Mandalay, according to Hood. The financial brokers recently financed a $29 million beach property deal for an Orange Beach developer and are looking at several other Gulf projects, he said.

“We tend to do the impossible," Hood said. "We fix problems."

The brokers brought the San Carlos buyer, Robert L. Keys of The Private Consulting Group in Portland, to the table according to Hood.

"We engineered the entire transaction -- we structured the deal, located the financing and placed it."

Keys did not return phone calls.
Keys has 12 months to sell the units and pay back the loan, unless he refinances, according to Garcia. The unit prices are not expected to be drastically reduced from those currently being paid at the Gulf, according to Garcia. "He will want to get the maximum amount he can."

The units will not be marketed to Alabama buyers, but to investors from Chicago, California, New York and big cities outside the Southeast, who plan to buy and hold them, he said.

"These are passive investors who want to park their money," Garcia said.

Some investors will be using 401(k) money or GO Zone tax credits to purchase the units, he said. The entire project qualifies for GO Zone incentives since the presale units were under contract after August 2005, when Hurricane Katrina hit, according to Realtors.
Congress approved the Gulf Opportunity Zone Act in late 2005, touting its tax credits and low-cost loans as a way to boost economic recovery along the coast.

"These are investors who want a tax break and are not familiar with the area, but are not bottom feeders," or deal makers, Hood said.
"
The appraisal price of the units at San Carlos could change depending on what the new owner does with the pricing, according to appraiser Claud Clark, based in Magnolia Springs.

Clark said that he would not use the acquisition price of the 87 units to estimate the value on one unit since the buyer got a huge discount.

"When he puts them back on the market and they start trickling out there and are selling at, say, $350 per square foot, that's going to be where we're appraising them," Clark said.

That could leave earlier buyers paying more than the appraised value for their units.

The purchase should not affect existing lawsuits filed against Holiday Development by disgruntled buyers, according to Floyd Enfinger, a Montrose attorney representing clients who own six units in San Carlos.

"My lawsuit is against the developer and not against the unit owners," he said. "It does present an interesting question: After we win our arbitration, how will we collect it?"

The arbitration hearing is set this fall, he said.

The buyer has been indemnified against claims in any existing lawsuits, according to Garcia. "They are very frivolous lawsuits," he added.

The San Carlos purchase is viewed as a positive for the market, local agents said.

"Any time you're shuffling around $30 million it's good for the market," said Bob Shallow, owner of REMAX Paradise in Orange Beach. "These guys will come up with a different game plan, promote it in a different way and bring new people into the market."
by MJB August 18, 2013 12:52 PM


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