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BANK OF NEW YORK v. SPRING GLEN ASSOCS.

222 A.D.2d 992 (1995)

635 N.Y.S.2d 781

Bank of New York, Respondent, v. Spring Glen Associates et al., Appellants

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

December 28, 1995

Yesawich Jr., J.

Defendant Spring Glen Associates (hereinafter Spring Glen) is the owner of real property in Sullivan County. Davidman's Homowack Lodge, a resort hotel operated by defendant Homowack Lodge, Inc. (hereinafter Homowack), is located on the property. In 1990, Barclays Bank of New York (hereinafter the bank), plaintiff's predecessor in interest, from which Spring Glen had previously borrowed $3,500,000, agreed to lend it additional funds, bringing...

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