Sound Harbor Loan Fund 2014-1 to redeem secured, subordinated notes

By Sarah Lizee

Olympia, Wash., July 17 – Sound Harbor Loan Fund 2014-1 Ltd./Sound Harbor Loan Fund 2014-1 LLC received direction from its collateral manager and holders of a majority of its subordinated notes to redeem its secured and subordinated notes, according to a notice.

The notes will be redeemed on July 30 for the following total redemption prices:

• $283,729,620.37 for the class A-1-R notes;

• $61,221,737.45 for the class A-2-R notes;

• $21,359,148.43 for the class B-R notes;

• $28,849,310.86 for the class C-R notes; and

• $23,339,377.69 for the class D notes.

The redemption price for each subordinated note is its proportional share of the amount of the proceeds of the assets remaining after giving effect to the optional redemption of the secured notes in whole or after all of the secured notes have been repaid in full and payment in full of all expenses.

U.S. Bank NA is the trustee.

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