IMH Financial reports $902,132 net loss for July 23 through July 31

By Caroline Salls

Pittsburgh, Aug. 21 – IMH Financial Corp. posted a $902,132 net loss for the period of July 23 through July 31 on zero revenue, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The company had $1.34 million in unrestricted cash and equivalents as of July 31.

IMH is a private real estate lending and investment company based in Scottsdale, Ariz. The company filed bankruptcy on July 23 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 20-11858.

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