BANKERS TRUST NEW YORK CORP. v. RENTING OFFICE, INC.


91 A.D.2d 1140 (1983)

Bankers Trust New York Corporation, Respondent, v. Renting Office, Inc., et al., Appellants, et al., Defendants

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

January 20, 1983


In 1971, plaintiff's subsidiary and predecessor in interest, Sackman-Gilliland Corp., provided a $950,000 construction loan, secured by a real estate mortgage, to Harvey Road Realty Corp. (Harvey) to enable it to erect 90 garden apartment units in the Village of Monticello. In April 1973, defendant, the Renting Office, Inc., purchased the partially completed project from Harvey and assumed the latter's mortgage obligations. Thereafter...

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