LEHMAN COMMERCIAL PAPER, INC. v. POINT PROPERTY CO., LLC

522266.

146 A.D.3d 1192 (2017)

2017 NY Slip Op 00358

45 N.Y.S.3d 662

LEHMAN COMMERCIAL PAPER, INC., Respondent, v. POINT PROPERTY CO., LLC, et al., Appellants, et al., Defendant.

Appellate Division of the Supreme Court of New York, Third Department.

Decided January 19, 2017.


In July 2007, defendants Point Property Co., LLC and Point Annex Land Co., LLC (hereinafter collectively referred to as defendants) executed a note in favor of Lehman Brothers Holding, Inc. (hereinafter Lehman) in the amount of $12,500,000. The note was secured by a mortgage and encumbered...

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