Plaintiff loaned defendant F. & J. Sales Corp. (F & J) the sum of $25,000 pursuant to a written agreement in which F & J promised to repay said sum, with interest at the rate of 7%, at the time of closing of a contemplated mortgage loan between New York State Finance Agency as lender and Maggiacomo Memorial Nursing Home Corp. (Maggiacomo), organized for the purpose of constructing a health-related facility within the meaning of the Public Health Law. The agreement...
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