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GE BUSINESS FINANCIAL SERVICES INC. v. GROVE STREET REALTY URBAN RENEWAL, L.L.C.

Civil No. 10-2279 (JBS/KMW).

GE BUSINESS FINANCIAL SERVICES INC. f/k/a MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., Plaintiff, v. GROVE STREET REALTY URBAN RENEWAL, L.L.C., et al., Defendants.

United States District Court, D. New Jersey.

October 11, 2011.

Attorney(s) appearing for the Case

Andrew J. Soven, Esq. , Donna Marie Bates, Esq.   Jennifer Purnell Knox, Esq. , REED SMITH, LLP, Philadelphia, PA, Counsel for Plaintiff.

Albert A. Ciardi, III, Esq. , Jennifer E. Cranston, Esq. , CIARDI CIARDI & ASTIN PC, Philadelphia, PA, Counsel for Defendant Grove Street.

OPINION

JEROME B. SIMANDLE, District Judge.

I. INTRODUCTION

This matter arises out of a commercial loan agreement for the construction of a residential apartment complex in West Deptford Township, New Jersey. In October of 2007, Plaintiff GE Business Financial Services Inc. ("GEBFS"), then operating under the name Merrill Lynch Business Financial Services, entered into a commercial loan agreement with Defendant Grove Street...

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