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BTD—1997—HHC LLC v. CATHEDRAL PARK PARTNERSHIPS

No. 5D99-3112.

760 So.2d 1036 (2000)

BTD—1997—HHC LLC, et al., Appellants, v. CATHEDRAL PARK PARTNERSHIPS, etc., Appellees.

District Court of Appeal of Florida, Fifth District.

June 16, 2000.

Attorney(s) appearing for the Case

William D. Palmer, of Palmer & Palmer, P.A., Orlando, for Appellants.

Peter N. Hill, of Wolff, Hill, McFarlin & Herron, P.A., Orlando, for Appellees.

ORFINGER, M., Senior Judge.

We find no error in the trial court's determination that the payment due December 1, 1995 on the supplemental note was to be applied entirely to principal because no interest on the outstanding loan balance was due on that date, and that the loan documents did not provide for interest to be payable in advance. The general rule is that interest is not payable in advance unless there is a specific agreement of the parties.

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