COBB COUNTY SYNDICATE I v. FREDERICK W. BERENS, INC.

54650.

144 Ga. App. 775 (1978)

242 S.E.2d 629

COBB COUNTY SYNDICATE I et al. v. FREDERICK W. BERENS, INC.

Court of Appeals of Georgia.

Decided January 17, 1978.

Rehearing Denied February 9, 1978.


Attorney(s) appearing for the Case

Taylor W. Jones, C. Cyrus Malone, for appellants.

Hansell, Post, Brandon & Dorsey, Charles E. Watkins, Jr., Jerald D. Stubbs, for appellee.


McMURRAY, Judge.

On March 30, 1973, Cobb County Syndicate I, a limited partnership, entered into a construction loan agreement with Frederick W. Berens, Inc. whereby Berens agreed to lend Cobb $1,600,000 to finance the construction of an apartment complex in Cobb County. On the same date, Cobb executed and delivered to Berens a first morgage real estate note or notes (for $1,450,000 and $150,000) and a deed to secure debt and security agreement, conveying as security...

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