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EAST NEW YORK SAV. BANK v. REPUBLIC REALTY MORTGAGE CORP.

61 A.D.2d 1001 (1978)

East New York Savings Bank, Respondent, v. Republic Realty Mortgage Corporation, Appellant

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

March 13, 1978

Order affirmed, with $50 costs and disbursements.

The Frontier Towers Corp. planned to construct a 56-story apartment building in Chicago, Illinois. In February, 1970 defendant obtained a commitment from the Federal Housing Administration (F. H. A.) to insure the construction mortgage thereon. Defendant subsequently assigned that commitment to the Continental Illinois National Bank and Trust Company of Chicago. Defendant then sought to obtain construction and permanent...

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