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RES. SAV. ASS'N v. HOFFMAN

147 A.D.2d 781 (1989)

Resource Savings Association, Respondent, v. Stewart Hoffman et al., Individually and Doing Business as P & S Properties, Appellants, et al., Defendants

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

February 9, 1989

Mikoll, J.

Plaintiff made loans totaling $3,245,000 to Independent Properties Texas I, Ltd. (hereinafter Texas I) and Independent Properties Texas II, Ltd. (hereinafter Texas II), two limited partnerships, to finance the purchase of Republic Bank Tower (hereinafter the Tower), a Texas condominium complex. The debt was secured by, inter alia, deeds of trust constituting real property liens on the Tower...

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