WB COYLE
WB Coyle has Ellised Acted at least 69 units and has fraud charges against him and is managing member of 12 active LLCs, including Above Water LLC. He has Ellis Acted three buildings multiple times. Lawsuits against him involve over $15 million and span nearly a decade. Supervisor David Chiu describes, “The WB Coyles of the world are not only not welcome in my district, or in San Francisco, but ought to be fully prosecuted to the fullest extent of the law.”
He has Ellis Acted the following:
424-434 Francisco Street (6 units) -Petition L040470, 4/13/04, by Above Water, LLC \
Cydonia Partners, LLC \ North Beach Partners, LLC \ Wbgt, LLC \ Nicole Daro\ Max F. Schultz. 15 people were evicted. Most of them were low-income, and many were disabled. There were also minor children in the building, and some tenants had lived in the building for over 15 years. Collaborated with Gary Rossi.1427 - 1431 Grant Avenue (3 units) - Petition L031188, 9/23/04 by W.B. Coyle\ Bill Haskell.
1540 - 1544 Grant Avenue (3 units) - Petition L021848, 11/14/2002, by Dissolution Properties, LLC \ John P. Mattos\ Laura Sample Mattos\ Rhett Mundy.
1815 - 1827 Stockton Street (7 units) - Petition L030535, 4/28/03 by Above Water, LLC \ North Beach Partners, LLC \ Gregg H. Alton\ Diane Anderson\ Tracy Baum\ Richard Lehrer\ R. Robert Mattei\ Rebecca Yum
333 Greenwich (5 units) - Petition L011696, 9/21/01, by North Beach Partners, LLC \ Thomas Brennan\ Jon Ritt\ Stanley Teng\ Alida Truant.
2244 - 2250 Mason Street (4 units) - Petition L090095, 1/22/09 by Transition, LLC, CA1REAL Estate, James Arthur Bailey, Wb Coyle
744 Union Street (6 units) - Petition L041123, 9/10/2004 by Above Water, LLC \
North Beach Partners, LLC \ Sarah Beach\ Scott Hewlett Johnson\ Adam B. Richey\ John Sollner\
McKenzie Ward Note: Second Ellis Act at the same address!!744 Union Street (6 units) - Petition L050779, 6.10/05, by Above Water, LLC \ North Beach Partners, LLC \ Sarah Beach\ Scott Hewlett Johnson\ Adam B. Richey\ John Sollner\ McKenzie Ward. Note: Second Ellis Act at the same address!!
744 Union Street (6 units) - Petition L081109, 7/18/2008 by Above Water, LLC \ North Beach Partners, LLC \ Sarah Beach\ Christopher Bumgardner \ William Handy \ Scott Hewlett Johnson \ Adam B. Richey\ Michelle Richey \ McKenzie Ward. Note: THIRD Ellis Act at the same address!!
334 - 340 Vallejo Street (4 units) - Petition L050669, 5/31/2005, by Xxx Ventures, LLC \ James Francis Calvert, Jr.\ Nancy V. Oden, Trustee of the Fanueil Street Realty Trust dated April 2, 1995\ Wendy Ann Warren.
334 - 340 Vallejo Street (4 units) - Petition L080212, 1/28/08, by Nancy V. Oden, Trustee of the Faneuil Street Realty Trust dated April 2, 1995 \ Xxx Ventures, LLC \ James Francis Calvert, Jr. \ Wendy Ann Warren. Note: Second Ellis Act at the same address!!
2870 - 2878 Washington Street (5 units) - Petition L050535, 5/9/2005 by Black Ice Partners, LLC \ Hades Group, LLC \ Lisa C. Belforte\ Trystan S. Christ\ Elisa Cicinelli\ Jeffery D. Davis\ R. Robert Mattei\ Daniel L. Toothman\ Aaron Zeff.
2870 - 2878 Washington Street (5 units) - Petition L080046, 1/7/08, by Black Ice Partners, LLC \ Hades Group, LLC \ Lisa C. Belforte\ Trystan S. Christ\ Jeffrey D. Davis\ Darcy Manning\ Simon Manning\ Daniel L. Toothman\ Aaron Zeff. Note: Second Ellis Act at the same address!!
3300 Clay Street (6 units) - Petition L051561, 12/16/2005 by Terrapin Ventures, LLC \ Edward Elms\ Pauline Elms\ Reginald Hindley\ Scott Jacques\ John Sollner.
1541 Filbert Street (6 units) - Petition L040678, 5/25/04 by Astabella, LLC \ North Beach Partners, LLC \ Plafker Ventures, LLC \Tarder, LLC \ Andrea J. Smith \ Benjamin J. Smith\ Clark Tate\ Valerie Tate.
3300 Clay Street - Oct 19 1998 - Habitual Late Payment of Rent - North Beach Partners LLC
3300 Clay Street - Dec 16 2005 - Ellis Act Eviction - - North Beach Partners LLC
FRAUD
The lawsuits against him involve over $15 million and span nearly a decade. Coyle’s investors have said that in many cases he sold properties without their knowledge. He has been accused of manipulating the investments in his favor to increase his profit and their losses.
Nearly a dozen angry investors told the NBC Bay Area Investigative Unit that he took their money, hid records, diverting funds, failing to provide financial records and real estate fraud, and took secret commissions. He attracted over a dozen investors to false promises of profit from prime real estate in North Beach. Sollner described, “I gave him a half million dollars. My life savings at the time." He and others, including Scott Jacques, invested in a Presidio Heights multi-unit building. “This has literally destroyed my family,” Jacques said, adding that the deal caused him financial ruin.
Coyle's pattern of operation was complicated and differed from investment to investment. Documents certified by the San Francisco Office of the Recorder-Assessor, show Coyle has received multiple notices of default or foreclosure. The investors have sought relief from the courts, from the state of California, the FBI and from local San Francisco law enforcement. He is currently bankrupt.
Info
Managing Member of Black Market, LLC
Managing Member of Terrapin Ventures, LLC
Managing Member of Dissolution Properties, LLC
Managing Member of Xxx Ventures, LLC with Aaron Ferguson and Caareal Estate
Member of North Beach Partners, LLC
Member of Gracenote, LLC
Managing Member of Black Ice Partners, LLC, with Black Cod LLC, McGurrin Liebert
Member of Above Water, LLC
Member of Hades Group, LLC with Franklin Mattei.
Registered Agent of Plafker Ventures, LLC
Registered Agent of Tarder, LLC
Past President of Thp Development, Inc.
Past President of Thp-Sf, Inc.
Past Managing Member of Xxx Ventures, LLC
Past Managing Member of Underground Ventures, LLC
Past Managing Member of Hades Group, LLC
Past President at Laborforce, Inc.
Past President at Tax-Trouble, Inc.
Past member of Dovetail Design Build
Past member of North Beach Builder's, Inc.
Past Agent of Cydonia Partners, LLC
Past agent of Wbgt, LLC
LLCs located at:
1427 Grant Ave
San Francisco, CA 94133
and
Dissolution Properties, LLC
PO Box 330220
San Francisco, CA 94133
and