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PARK TERRACE LTD. v. TEASDALE

No. G029283.

122 Cal.Rptr.2d 797 (2002)

100 Cal.App.4th 802

PARK TERRACE LIMITED, Plaintiff and Appellant, v. Robert D. TEASDALE et al., Defendants and Respondents. [And four other cases.].

Court of Appeals of California, Fourth District, Division Three.

Rehearing Denied August 28, 2002.

Review Denied November 20, 2002.

Attorney(s) appearing for the Case

Dennis V. Menke and James D. Menke for Plaintiffs and Appellants.

Prenovost, Normandin, Bergh & Dawe and Michael G. Dawe, Santa Ana, for Defendants and Respondents.

OPINION

RYLAARSDAM, J.

This appeal is from summary judgments in consolidated actions wherein five real estate partnerships sought damages from and declaratory relief against a lender for loaning them money at allegedly usurious interest rates. The trial court granted summary judgment in all five actions, based on the exemption for loans arranged by a licensed real estate broker. (Cal. Const, art. XV, § 1, subd. (2); Civ.Code, § 1916.1.) We agree...

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