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CHEM. BANK v. FLUSHING SAV. BANK

146 A.D.2d 473 (1989)

Chemical Bank et al., Respondents, v. Flushing Savings Bank, Appellant

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

January 10, 1989

Plaintiffs, three of the participants in a construction loan agreement, challenge certain expenses and interest on expenses deducted from their pro rata shares of the loan proceeds by the defendant, a participant in the agreement and lead lender. This appeal raises the question of whether considering the language in the loan agreement, material issues of fact exist sufficient to warrant denial of summary judgment as to the parties...

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