GLOBE TRADE CAPITAL, LLC v. HOEY

2016-10130. Index No. 8495/14.

199 A.D.3d 764 (2021)

158 N.Y.S.3d 132

2021 NY Slip Op 06154

Globe Trade Capital, LLC, Respondent, v. Thomas J. Hoey, Jr., et al., Appellants, et al., Defendants.

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

Decided November 10, 2021.


Attorney(s) appearing for the Case

Joseph T. Adragna , Huntington, NY, for appellants.

Meyer, Suozzi, English & Klein, P.C., Garden City, NY ( Howard B. Kleinberg and Michael Kwiatkowski of counsel), for respondent.

Rivera, J.P., Hinds-Radix, Miller and Wooten, JJ., concur.


Ordered that the judgment of foreclosure and sale is affirmed, with costs.

The plaintiff entered into a loan agreement with two corporations (hereinafter the borrower corporations) that were wholly owned by the defendant Thomas J. Hoey, Jr. (hereinafter Thomas). In the loan agreement, dated September 19, 2013, the plaintiff agreed to extend to the borrower corporations a credit facility, or line of credit, in the maximum sum of $1.5 million. Thomas personally guaranteed...

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