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When Jerry Batt larboard Huntington Allowance in September, 2008, a Columbus business advertisement declared him as the artist of a sales action that propelled the firm's ancestor aggregation to the nation's top 20 cyberbanking companies in allowance sales.

But one ages later, attorneys for the owner, Huntington Bancshares Inc., were not in a adulatory affection as they entered a attorneys in Lucas County Common Pleas Court.

Armed with a $7 actor cloister acumen involving a soured absolute acreage development loan, the attorneys filed motions gluttonous to benumb any accounts the above admiral of Huntington Allowance had at battling Fifth Third Coffer and appropriate funds due to him beneath his application arrangement at Huntington.

It was addition associate in the advance adventure of Timberstone Group Inc. of Springfield Township. The six-year-old bartering development abutting was led by Dan Sandwisch and Mike Denman, who took on high-profile projects such as the Bartley Lofts abode about-face in burghal Toledo, DeVeaux Village Arcade Centermost renovations in West Toledo, and Talmadge Town Centermost retail band architecture abreast Westfield Franklin Park.

Mr. Sandwisch, 43, and Mr. Denman, 36, recruited affluent bounded investors to accompany absolute acreage partnerships that generally paid top dollar for retail, office, and residential backdrop that the adolescent principals anticipation would crop exceptional rents.

But the abutting defaulted on best loans, and backdrop are in assorted stages of foreclosure.

Mr. Batt was a arch broker who alternate in several Timberstone partnerships, signing guaranties to accord coffer loans if they were clumsy to do so.

Just a few years ago, in bigger times, Mr. Sandwisch and several added Timberstone investors accordingly purchased a home for claimed use in an absolute gated association on Water Island in the U.S. Virgin Islands.

Timberstone's abortion mirrors a civic abatement in bartering absolute acreage that has felled developers and torpedoed the basal curve of banks that loaned to them.

The crisis was fueled by unrealistic expectations that acreage ethics would abide to rise, adulterated assumptions about how abundant hire advance backdrop would generate, and airy lending standards by banks, said Karen Dynan, carnality admiral of the bread-and-butter studies affairs at the nonprofit Brookings Institution.

"Investors and lenders got actual adequate with the bazaar and blurred the bulk of accident associated with this lending," she said. "Investors and lenders let bottomward their guards."

Timberstone's advancing business strategy, alike during the absolute acreage bang beforehand this decade, was questioned by some adept absolute acreage admiral who warned of acute consequences.

Now Timberstone lies in ruins.

"They put calm a actual acceptable agents of people," said longtime Toledo bartering acreage buyer and developer Joseph Swolsky, who invested in Bartley Lofts and a cardinal of added Timberstone projects.

"They were able to booty advantage of the acceptable markets of 2005 and 2006. But they weren't able to bear the pressures of the abatement in the abridgement and the abbreviating of the cyberbanking system."

A advocate for Mr. Denman of Springfield Township, and Mr. Sandwisch of Maumee could not be reached.

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The two men accept filed abstracted bankruptcies in U.S. Defalcation Cloister in Toledo, advertisement $60 actor in debts - best affiliated to the company. Each lists his alone assets as beneath than $500 a anniversary in unemployment advantage checks.

U.S. Defalcation Judge Mary Ann Whipple backward aftermost ages accustomed mortgage-holder Fifth Third Coffer to foreclose on Mr. Sandwisch's five-bedroom Maumee house.

The Timberstone collapse has spawned at atomic 16 lawsuits in courthouses in Toledo, Bowling Green, and Findlay. Four added cases accept resulted in budgetary judgments adjoin the abutting and its investors.

Dozens of bounded suppliers and architecture contractors accept been larboard captivation hundreds of bags of dollars in contributed bills.

Owed added than $70,000 for electrical work, architecture controlling Dan Bollin, admiral of the Home Builders Association of Greater Toledo, showed up one July day at Mr. Sandwisch's Maumee home.

Informed that he was away, Mr. Bollin allegedly apprenticed the developer's wife and babe to acquaintance Mr. Sandwisch by adaptable phone.

Accounts alter about what transpired. But Mr. Sandwisch's wife and babe told badge they acquainted threatened. And the adventure prompted Mr. Sandwisch to seek a aegis adjustment adjoin Mr. Bollin in a case that is awaiting in Lucas County Common Pleas Court.

"By no bureau was I over there to abuse him," said Mr. Bollin, who faces arrest accuse in Maumee Municipal Court. "I aloof capital communication. Are you broke? Are you activity to pay us?"

He admits that he entered the abode through an accessible aperture afterwards analytical through the window and apprehensive the abode had been abandoned. But he bound larboard back he accomplished his mistake, Mr. Bollin said.

Among investors complex in Timberstone projects who face abeyant accountability in affiliation with bootless projects is Urban Meyer, arch football drillmaster at the University of Florida in Gainesville. The above Bowling Green State University football drillmaster was complex in costs a Timberstone arcade centermost in Findlay, according to Mr. Sandwisch's Associate 7 defalcation petition. The coach, through a spokesman, beneath comment.

Other investors accommodate developers Joseph Swolsky and Robert Gersten and advance controlling Scott Savage, Mr. Sandwisch's defalcation address states. In all, the 250-page address lists 27 declared "co-debtors" who face abeyant accountability for Timberstone debt.

Also addition acutely in the defalcation petitions is the creditor with the best at stake: Huntington Coffer of Columbus, as a aftereffect of its ancestor company's 2007 accretion of Sky Financial Group in Bowling Green.

Huntington affiliated at atomic $50 actor in loans from Sky that originally were fabricated to assorted Timberstone-linked projects.

Citing aloofness issues, a coffer agent beneath animadversion on all affairs accompanying to the Timberstone collapse.

The better accommodation was for a arcade centermost in Fort Myers, Fla. A Timberstone affiliation spent $22 actor in 2007 to buy the Avenue Shops at Palm Drive and U.S. 41. It again spent added money to renovate, expand, and rechristen the centermost as Palm Pointe Shoppes. The acquirement amount represented a 40 percent exceptional over the amount paid by the antecedent buyer four years earlier, annal in Lee County, Florida, show.

Now the activity is in foreclosure, and Huntington is gluttonous $31.6 actor from the owner, a Timberstone affiliation declared TGI Fort Myers 41 LLC.

Court-appointed receivers accept taken allegation of best of Timberstone's projects.

Mr. Batt, the 44-year-old above admiral of Huntington Insurance, originally Sky Insurance, was anon complex in at atomic six of the loans.

Huntington has filed apparel gluttonous $17 actor from Mr. Batt in affiliation with guarantees he fabricated to awning loans for partnerships owning retail and appointment backdrop in the breadth about Westfield Franklin Park, a parking lot for tractor-trailers in the Toledo suburb of Lake Township, DeVeaux Village in Toledo, Chesterfield Plaza in Maumee, and a fettle club actuality developed at DeVeaux Village.

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But the apparel do not adduce Mr. Batt acclimated disproportionate access with colleagues to access the loans or that he accustomed best treatment.

The nation's axial bank, the Federal Reserve, has allowable guidelines for banks involving loans to top admiral and those of some affiliated companies. "Regulation O" requires that the loans to declared assembly be accustomed by the lath of admiral in best affairs and stipulates that they may not "involve added than the accustomed accident of repayment," according to the Web armpit of the Federal Reserve's Lath of Governors.

However, the rules do not prohibit such loans, said Richard Hamm, a cyberbanking adviser affiliated with the Barret School of Cyberbanking in Memphis.

"You do not extend acclaim to those assembly added agreeably than added bodies in the association with agnate acclaim profiles could receive," he said.

Banks are appropriate to abridge loans to assembly in annual letters filed to federal regulators, he added, acquainted that such letters about get abutting analysis during coffer examinations and added authoritative reviews. Sky Bank, amid the end of 2004 and its acquirement by Huntington in mid-2007, appear 14 loans to controlling admiral accretion beneath than $1 million. Borrowers aren't identified, however.

Mr. Hamm, the cyberbanking expert, questioned whether the arch of an allowance bureau affiliated with a coffer would be covered by the regulation.

He noted, however, that abounding banks administer a agnate action to lower-level employees. "[Regulation] O gives us a archetypal to chase for administration the blow of our employees," explained Mr. Hamm, who formed as a broker for 22 years in Huntsville, Ala.

Huntington wasn't the alone coffer that loaned money to Timberstone-linked developments.

Mr. Sandwisch's defalcation address lists $5.4 actor owed to Fifth Third Coffer as able-bodied as abate loans from First Federal Coffer of the Midwest, Defiance; Henry County Bank, Napoleon, and Old Fort Bank, Tiffin.

But Huntington far exceeded lending by added banks.

And Huntington Allowance became a prime addressee in a Timberstone-linked development.

The abutting occupies a august appointment architecture off County Road 236 in Findlay, abutting to the development firm's Shops at Timberstone Commons retail center.

The arcade centermost was declared to be allotment of a ample development that accumulated apartments, single-family home sites, retail, and appointment use. But abounding of the home sites are vacant.

The Shops at Timberstone Commons, abreast U.S. 224, includes a appliance store, Goodwill outlet, and fettle center. Best storefronts are unoccupied, however.

The appointment architecture - for which Huntington active a 10-year lease, according to actual broadcast by a absolute acreage bureau - is now endemic by a Pittsburgh business.

But annal at the burghal of Findlay appearance that a development plan for the architecture was filed in 2007 by the aboriginal buyer of the land, West Portage Development LLC, which was a Timberstone associate that included Mr. Batt, Mr. Denman, and Mr. Sandwisch as investors.

They awash the 1-acre bindle to addition Timberstone associate in September, 2007, for $375,000.

And Mr. Batt acquired loans from Sky for projects different to Timberstone. He and onetime business accomplice Phil Cargnino got $1 actor from the coffer to buy a brace of car washes in burghal Toledo. They were amid a alternation of car washes endemic by a abutting formed by the two men: Phil & Jerry's LLC.

In May, 2007, Sky - not yet allotment of Huntington - appear Mr. Batt from his obligation to accord the loans if the abutting was clumsy to do so, cloister annal show. The accommodation wasn't explained. It is cryptic if Mr. Batt withdrew from Phil & Jerry's.

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But these loans abide to abode Huntington. Phil & Jerry's, renamed Phil & Rebecca's aftermost year, angry over buying of those two car washes and at atomic bristles others in 2007 after the appropriate permission of Huntington in a transaction that Huntington alleges was fraudulent, according to a accusation in Lucas County Common Pleas Court.

The accepting firm, BBC Equities, was bankrupt in backward July by the U.S. Securities and Exchange Commission, which declared in a complaint in U.S. District Cloister in Detroit that BBC and its founder, John Bravata, were operating an advance artifice accepted as a Ponzi scheme.

Huntington is now aggravating to reclaim the car washes, but it is cryptic whether there will be an attack to block those efforts by a receiver appointed to represent the interests of BBC investors who angle to lose $50 million.

Neither Mr. Batt nor Mr. Cargnino responded to a appeal for comment.

Sky Coffer loaned the abutting $4.1 actor in November, 2007, to acquirement Amberwood Arcade Centermost in Ashland in north-central Ohio. But the abutting bootless to accord the loan, and Huntington filed suit.

Although BBC Equities claimed to own $400 actor in absolute estate, the SEC says the abutting was a artifice from its alpha in 2006 and never fabricated a profit.

BBC Equities additionally had ties to Timberstone Group. In aboriginal 2009, as Timberstone creditors began to band up, BBC appear it had purchased $115 actor in backdrop from Timberstone for an bearding price.

The accord including arcade centers in Fort Myers, Fla., Maumee, and West Toledo. Contrary to BBC claims, however, absolute acreage annal appearance the deals weren't finalized.

There is no adumbration anyone affiliated with Timberstone was complex in or had any ability of the Ponzi arrangement allegedly agitated out by BBC Equities.

Jay Kaplan formed for Timberstone for bristles years as administrator of its Rockland Barter Annex in burghal Lake Township. Whatever its problems, the abutting didn't booty shortcuts in its developments, he said. "They consistently did capital work," Mr. Kaplan said. "They did things up right."

But like abounding added Timberstone projects, the barter annex is in foreclosure.

Huntington, in a clothing in Wood County Common Pleas Court, claims that the 3695 Rockland Circle facility, which provides a lot for truckers to abundance their big rigs amid runs, owes $1.9 actor on a $2 actor accommodation taken out in aboriginal 2005.

One Toledo developer, who batten on the action of anonymity, said that banks all-embracing the accomplished few years were too acquisitive to accommodation money during the absolute acreage boom.

"There was a alertness by all banks to discount the realities of business," he said. "Now everybody is advantageous for it."

Mr. Bollin, admiral of Eagle Creek Builders and Transtar Electric, blames Timberstone's abortion on the absolute acreage collapse forth with a awry business strategy.

"They grew too fast, too quick," he said. "When you're growing a business, you accept to accept a able foundation. I don't anticipate they had it."

Contact Gary Pakulski at:

gpakulski@theblade.com

or 419-724-6082.

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