UNITED OF OMAHA LIFE INS. CO. v. NOB HILL ASSOCIATES

Nos. 83-418, 83-468.

450 So.2d 536 (1984)

UNITED OF OMAHA LIFE INSURANCE COMPANY and Tower Mortgage Corp., Appellants, v. NOB HILL ASSOCIATES, Joel F. Bowie, Williams A. Joyner and DCA Land Corporation, Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied June 8, 1984.


Attorney(s) appearing for the Case

Daniels & Hicks and Sam Daniels, Fowler, White, Burnett, Hurley, Banick & Strickroot, Rosenberg, Reisman & Glass and James Glass and Michele R. Benvenisty, Miami, for appellants.

Podhurst, Orseck, Parks, Josefsberg, Eaton, Meadow & Olin and Joel D. Eaton, Miami, for appellees.

Before BARKDULL, HUBBART and NESBITT, JJ.


PER CURIAM.

Nob Hill was a joint venture which decided to develop a shopping center. It sought a permanent loan through Tower, a mortgage brokerage institution. Tower obtained a commitment from United, an institutional lender, whereby United agreed to purchase a proposed loan to be made by Tower to Nob Hill. United charged Tower a commitment fee of $50,000. With this commitment from United, Tower agreed to loan Nob Hill a maximum of $2,500,000. Nob Hill provided a...

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