OPINION

In yet another clear exhibition of their willingness to lie whenever it serves them, Mitchell Julis and Joshua Friedman, co-owners of Canyon Partners, recently had their spokesperson tell yet another major lie, this time to the reporter, Lauren Castle of Law 360, a prominent legal publication.  

Earlier this month Lauren Castle reported, “A Canyon Partners spokesperson told Law360 Wednesday that Packard Square … was the only investment the hedge fund foreclosed or took over.” The enormity of this lie is evidenced by Canyon Partners’ heavily guarded Quarterly Reports. Those reports show that Canyon Partners also foreclosed on projects known as Cal-Neva, Coconut Plantation, Greek Isles, Royal Kunia, Vallambrosa Plantation, Hooter’s Hotel in Las Vegas, and Shops at Shelby. Considering that all of these are in just one quarterly report, this is in fact a very abbreviated list of the foreclosures and properties that Canyon Partners took over or had their cronies take over, including but not limited to the College Terrace project in Palo Alto where the borrower had never missed or even been late on a loan payment. The manufactured defaults alleged by Friedman and Julis were not even requirements of the College Terrace loan.  

Canyon Partners News has uncovered other foreclosures overseen by Friedman and Julis too including the East Coast Fisheries project in Miami, the Franklin Place project in Manhattan, and the Intracoastal Mall in Florida.  These undoubtedly can be found in other secretive quarterly reports prepared by Canyon Partners. 

In Bankruptcy Court pleadings involving the 110 Green Street Development, also in New York, Canyon Partners was referred to as a "vulture fund" and that it "loans to own". Canyon Partners was described as “disingenuous in the extreme”. 

Julis and Friedman have a history of weaponizing their loans to steal extremely valuable real estate and/or charge exorbitant default interest rates while their borrowers scramble to refinance to get away from any contractual relationship with Canyon Partners as quickly as they can. 

Friedman’s and Julis’s recent barefaced lie about their foreclosure history is even more misleading due to the rampant rate at which Canyon Partners has declared their borrowers in default.  Clearly Julis and Friedman were seeking to send the message - or more accurately, spread the manipulative lie - that their loans rarely were declared in default and were so rarely foreclosed upon that it allegedly happened only once.  

The obvious conclusion is that Mitchell Julis and Joshua Friedman are dirty liars who have gotten rich preying on developers who thought they were dealing with a legitimate lender. 

At Canyon Partners, Mitchell Julis and Joshua Friedman run a corrupt organization where lies to their borrowers have been the norm.  Hopefully one day they will be held accountable for their bad acts.  In the meantime, they buy palace after palace with their stolen money while their wives, Linda Joleen Julis and Beth Cari Friedman, wallow in their filthy riches.