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MATTER OF BLDG. A RAINBOW REALTY CORP. v. FLUSHING SAV. BANK

241 A.D.2d 520 (1997)

661 N.Y.S.2d 30

In the Matter of Building a Rainbow Realty Corp., Respondent, v. Flushing Savings Bank et al., Appellants

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

July 21, 1997

Ordered that the judgment is reversed, on the law, with costs, and the matter is remitted to the Supreme Court, Richmond County, for (1) the entry of a judgment declaring that the petitioner was obligated to pay the respondents loan fees in the sum of $300,000, and (2) a hearing to determine the amount of attorney's fees due to the respondents.

On August 3, 1993, Flushing Savings Bank and FSB Properties, Inc. (hereinafter the bank), issued a loan to Building A Rainbow...

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