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CREATIVE DEV. CORP. v. BOND

No. 31, 486, September Term, 1976.

34 Md. App. 279 (1976)

367 A.2d 566

CREATIVE DEVELOPMENT CORPORATION v. CALHOUN BOND, TRUSTEE. CREATIVE DEVELOPMENT CORPORATION v. CALHOUN BOND, TRUSTEE.

Court of Special Appeals of Maryland.

Decided December 29, 1976.

Attorney(s) appearing for the Case

Paul Mark Sandler, with whom were Cohan, Altman & Sandler on the brief, for appellant.

Louis B. Thalheimer, with whom were William J. Rubin, H. Russell Frisby, Jr., and Cable, McDaniel, Bowie & Bond on the brief, for appellee.

The cause was argued before GILBERT, C.J., and POWERS and DAVIDSON, JJ.

GILBERT, C.J., delivered the opinion of the Court.

On May 15, 1973, Creative Development Corporation (Creative) granted to Calhoun Bond, Esquire, Trustee, a deed of trust securing the sum of $6,500,000 to be used in the purchase and renovation of Suburban Oaks, a building situated in the Pikesville area of Baltimore County. Creative proposed to convert the building from rental apartments to condominium units. Bond was the trustee designated by the lender, Chase Manhattan...

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