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IN RE CAPEROADS PLAZA LTD. PARTNERSHIP

Bankruptcy No. 93-11321.

154 B.R. 614 (1993)

In re CAPEROADS PLAZA LIMITED PARTNERSHIP, Debtor.

United States Bankruptcy Court, D. Massachusetts.

June 1, 1993.

Attorney(s) appearing for the Case

James F. Wallack, Goulston & Storrs, P.C., Boston, MA, Alan E. Lazarescu, Henry Pon, New York City, for Metropolitan Life Ins. Co.

Robert R. Leinwand, Robinson Brog Leinwand Reich Genovese & Gluck, P.C., New York City, James M. Liston, Kaye, Fialkow, Richmond & Rothstein, Boston, MA, for Caperoads Plaza Ltd. Partnership.

OPINION

WILLIAM C. HILLMAN, Bankruptcy Judge.

Caperoads Plaza Limited Partnership (the "Partnership") is the owner of Caperoads Plaza, a shopping center located in Raynham, Massachusetts (the "Plaza"). The financial and title history of the Plaza is complex. At the present time, after mesne conveyances and subordinations, we find the Plaza encumbered by a variety of mortgages, the senior of which is held by Metropolitan Life Insurance Company ("MetLife"...

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