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S. POINTE DEV. CO. v. CAPITAL BANK

No. 90-385.

573 So.2d 939 (1991)

SOUTH POINTE DEVELOPMENT COMPANY, Etc., et al., Appellants, v. CAPITAL BANK, Etc., et al., Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied February 20, 1991.

Attorney(s) appearing for the Case

George W. Wright, Jr., Akerman, Senterfitt & Eidson and William E. Sadowski, Oscar A. Sanchez, Miami, for appellants.

Greenberg, Traurig, Hoffman, Lipoff, Rosen & Quentel and Hilarie Bass and William T. Hess, Miami, Gunster, Yoakley & Stewart and J. Cameron Story, III, Fort Lauderdale, for appellees.

Before JORGENSON, COPE and GODERICH, JJ.

PER CURIAM.

The appellants, South Pointe Development Company [South Pointe], American Community Development Group, Inc. [ACDG], and John A. Hinson, appeal the trial court's non-final order granting Capital Bank's motion for summary judgment as to liability. We affirm.

Capital Bank loaned South Pointe Development Company, Inc. $10,000,000.00 which was secured by a mortgage on undeveloped real property. The interest rate on the loan is prime plus two percent...

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