Ordered that the order is reversed, on the law, with costs, and the defendant's motion for summary judgment dismissing the complaint is granted.
In March 2009, the defendant purchased a yacht for $1,825,000, and executed a ship mortgage in favor of the plaintiff to secure payment of approximately $1,460,000. On his original loan application, the defendant listed a home address on Channel Road in Broad Channel, and a business address on Cross Bay Boulevard in Broad...
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