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HOPE 7 MONROE STREET LTD. PARTNERSHIP v. RIASO

Civil Action No. 11-1455 (JEB).

473 B.R. 1 (2012)

HOPE 7 MONROE STREET LIMITED PARTNERSHIP, Appellant, v. RIASO L.L.C., Appellee.

United States District Court, District of Columbia.

May 3, 2012.

Attorney(s) appearing for the Case

Donald M. Temple , William Carroll Johnson, Jr. , Law Offices of William C. Johnson, Jr., Washington, DC, for Appellant.

Richard Frank Boddie , Slocum & Boddie, P.C., Springfield, VA, for Appellee.

MEMORANDUM OPINION

JAMES E. BOASBERG, District Judge.

Hope 7 Monroe Street Limited Partnership ("Monroe") owned property in the District of Columbia that it wished to convert from apartment units to condominiums. A man named Musse Leakemariam brokered a $1.6 million "bridge loan" from RIASO L.L.C. to provide Monroe with temporary financing. Although Leakemariam promised to assist Monroe in finding permanent financing before the expiration of the bridge...

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