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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SUNDERLAND CORPORATION
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(Name of Issuer)
Common Stock, Par Value $.0001 Per Share
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(Title of Class of Securities)
867281107
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(CUSIP Number)
Michael Shustek
Sunderland Corporation
2901 El Camino Ave.
Las Vegas, NV 89102
(702) 227-0965
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 27, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
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CUSIP NO. 867281107
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Page 1 OF 4
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert W. Fine
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
[See Item 3]
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
NUMBER OF
SHARES 400,000
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
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9 SOLE DISPOSITIVE POWER
400,000
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
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14 TYPE OF REPORTING PERSON*
IN
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ITEM 1. SECURITY AND ISSUER
Title of Class - Common Stock
Name of Issuer - Sunderland Corporation (the "Company")
Principal Executive Offices - 2901 El Camino Avenue, Las Vegas, Nevada 89102
ITEM 2. IDENTIFY AND BACKGROUND
(a) Name - Robert W. Fine (the "Reporting Person")
(b) Residence - 111 Ashley Avenue, Brielle, NJ 08730
(c) Occupation - Consultant
(d) Criminal proceedings - None
(e) Civil proceedings - None
(f) Citizenship - USA
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The consideration for the securities acquired was pursuant to the Asset
Acquisition Agreements between the Company and Del Mar Mortgage, Inc., a
Nevada corporation ("Del Mar Mortgage") and the Company and Del Mar Holdings,
Inc., a Nevada corporation ("Del Mar Holdings") whereby the Company acquired
certain assets of Del Mar Mortgage, and of Del Mar Holdings, in exchange for
shares of common stock of the Company, which shares in the Company were then
distributed to each of Del Mar Mortgage's and Del Mar Holdings' respective
shareholders, including the Reporting Person (collectively, the
"Transactions"). The Transactions are more fully set forth in the exhibits
that were attached to a Current Report on Form 8-K, filed by the Company on
May 5, 1999.
ITEM 4. PURPOSE OF TRANSACTION
The primary purpose of the acquisition of the Common Stock of the Company
is for investment. The Reporting Person expects to evaluate on an ongoing basis
the Company's financial condition, business operations and prospects, the market
price of the Common Stock, conditions in the securities markets generally,
general economic and industry conditions and other factors. Accordingly, the
Reporting Person reserves the right to change its plans and intentions at any
time, as it deems appropriate. In particular, the Reporting Person may, subject
to any restrictions contained in the Securities Act of 1933 (the "Securities
Act"), at any time and from time to time acquire additional shares of Common
Stock or securities convertible, exchangeable or exercisable for Common Stock in
public or private transactions; dispose of shares of Common Stock or other
securities in public or private transactions; and/or enter into privately
negotiated derivative transactions with institutional counterparties to hedge
the market risk of some or all of its positions in the Common Stock or other
securities. Any such transactions may be effected at any time from time to
time.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As of the date hereof, the aggregate number of shares beneficially owned by
the Reporting Person is 400,000 shares of Common Stock of the Company,
representing approximately 6.5% of the shares of Common Stock of the Company
reported to be issued and outstanding as of May 17, 1999 in the Company's
Quarterly Report on Form 10-QSB for the period ended March 31, 1999.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The Reporting Person is not a party to any contract, arrangement,
understanding or relationship with respect to any securities of the Company.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
June 8, 1999
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(Date)
/s/ ROBERT W. FINE
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(Signature)
Robert W. Fine
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(Name/Title)
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