Defendant Bamco 18, a general partnership, and individual defendant R. Bruce Reeves guaranteed payment of a $4.5 million mortgage note on a Nyack, New York motel and banquet facility which secured a loan by plaintiff United States Trust Company ("U.S. Trust") to Hospitality Associates of Tappan Zee Limited Partnership ("Hospitality"). Bamco 18 and Reeves were limited partners of Hospitality and MPI Corporation, an entity controlled by Reeves, was the general partner. Following...
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