Ordered that the order is affirmed insofar as appealed from, with costs.
The plaintiffs sought a loan from the defendants to finance the construction of a mixed-use commercial and residential ski resort in Telluride, Colorado. By letter dated July 3, 1997, the defendants, Marine Midland Bank and Marine Midland Realty Credit Corporation (hereinafter MMB), set forth a preliminary summary of the loan terms they would be willing to "submit to [their] senior management...
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