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BEAL BANK, S.S.B. v. WATERS EDGE LIMITED PARTNERSHIP

Nos. Civ.A. 98-40185PBS-39, Civ.A. 98-40211PBS-28, Civ.A. 98-40099PBS-20, Civ.A. 98-40160PBS-27.

248 B.R. 668 (2000)

BEAL BANK, S.S.B., Appellant, v. WATERS EDGE LIMITED PARTNERSHIP, Appellee.

United States District Court, D. Massachusetts.

April 11, 2000.

Attorney(s) appearing for the Case

Charles R. Gibbs, Akin, Gump, Strauss, Hauer & Feld, Dallas, TX, Andrew E. Jillson, Susan D. Frieze, Jenkens & Gilchrist, Dallas, TX, William V. Sopp, Finnegan, Hickey, Dinsmoor & Johnson, P.C., Boston, MA, for Beal Bank, S.S.B., appellant.

William R. Baldiga, Brown, Rudnick, Boston, MA, Michael R. Pinta, Rappaport, Freeman & Pinta, Boston, MA, Kara J. Lane, Mark S. Baldwin, Brown, Rudnick, Freed & Gesmer, Hartford, CT, for Water's Edge Limited Partnership, appellee.

Steven D. Pohl, Brown, Rudnick, Boston, MA, for Water's Edge Limited Partnership, debtor.

MEMORANDUM AND ORDER

SARIS, District Judge.

I. INTRODUCTION

Appellant, Beal Bank S.S.B. ("Beal"), challenges the Chapter 11 reorganization of the appellee, Water's Edge Limited Partnership ("WELP"), which owns three apartment buildings in Revere, Massachusetts. Among other things, Beal claims that the bankruptcy court erred by: 1) confirming the cramdown reorganization plan which permitted the private sale of the equity in the single asset...

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