Tides Equities founders must personally cough up $27M+ to Starwood: judge

This isn't in a cocooned by LLCs, OPM way - Sean Kia & Ryan Andrade were ordered to pay $27M+ to Starwood on 2 deals in which a judge found they triggered their Personal Guarantees. There's one more case pending with another $24M in PGs being litigated. A big, big win for Starwood here, and something probably being tracked closely by other syndicator lenders pursuing naughty sponsors – think Rialto, Acres Capital and the like. More at The Promote