Investors in The TNP 12 Percent Notes Program LLC issued by Thompson National Properties LLC are no longer receiving interest payments on the notes, as interest payments have been suspended. (See “Real estate big suspends interest payments on private placement,” by Bruce Kelly). Investors were further informed of the issuer’s “intention” of paying investors “all remaining interest and principal on or prior to the maturity date of June 10, 2013.” Professed intentions notwithstanding, this development does not bode well for investors in The TNP 12 Percent Notes Program LLC.