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FORT M DEV. CORP. v. INLAND CREDIT CORP.

54 A.D.2d 862 (1976)

Fort M Development Corp., Appellant-Respondent, v. Inland Credit Corporation, Respondent-Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

November 18, 1976

Modified on the law to the extent of granting summary judgment on the first cause of action, and otherwise affirmed, with $60 costs and disbursements to defendant.

Fort M Development Corp. (Fort M) was in the process of constructing a garden-apartment complex in Fort Myers, Florida. Bankers Trust Company had agreed to furnish a construction loan for the project but was going to withhold a portion of the loan until substantial completion of the project. Inland Credit...

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