Chip ingrams wife3/11/2024 ![]() ![]() He made a deal with Resolution Trust Company, the government’s asset management company, to pay off the loan. “But I need you to close it in a week.”Įller had a loan with a local savings and loan company that had collapsed and been taken over by the federal government. “I need you to think about buying the Red River from me,” Eller told Ingram. Plaque in El Dorado Holdings offices in Scottsdale. Eller was an advertising mogul and John Wayne fan who had purchased the Red River Ranch in 1980 from the late actor’s estate. He still clearly remembers the day Karl Eller called and asked him to lunch at the Phoenix Country Club. Then they purchased other farms in the vicinity in 1992 and became known to other landowners. That gave their fledgling company its name. His first deal in real estate was with partner Marty Ortman, with whom he purchased El Dorado, a ranch formerly belonging to John Wayne near Stanfield. ![]()
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