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SDF 19 LINDEN, LLC v. GLOBAL UNIVERSAL GROUP LTD.

2014-00095, Index No. 1491/12.

134 A.D.3d 699 (2015)

20 N.Y.S.3d 597

2015 NY Slip Op 08825

SDF 19 LINDEN, LLC, as Assignee of Woori America Bank, Respondent, v. GLOBAL UNIVERSAL GROUP LTD., Appellant, et al., Defendants.

Appellate Division of the Supreme Court of New York, Second Department.

Decided December 2, 2015.

Ordered that the order is affirmed, with costs.

In August 2006, the defendant Global Universal Group Ltd. (hereinafter Global) executed a note in the amount of $9,100,000 in favor of Woori America Bank (hereinafter Woori), and delivered to Woori a mortgage on certain real property in Queens to secure repayment of the note. Global allegedly defaulted in May 2011, and thereafter, by failing to pay the monthly sums owed and by failing to pay property taxes and utility...

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