Legal Opinion
Becker v. Snowden Development Corp.
New York County Courts
Decided June 9, 1971PublishedCited by 4 opinions
1Opinion of the CourtStephen Smyk, J.
This is an action for foreclosure of a mortgage.
The following facts are essentially undisputed.
Snowden Development Corporation (hereafter, Snowden), arranged through Sibley Construction Lending Corporation (hereafter, Sibley) with Metropolitan Life Insurance Company (hereafter, Metropolitan) to finance the building of apartments in the Town of Kirkwood, Broome County, New York. The agreement with Metropolitan called for first mortgage money in a total sum of $1,000,000, with construction of the project to be divided into two phases of $500,000 each. There was a rental achievement clause in…
2Cases cited10 opinions
- Mencher v. WeissNew York Court of Appeals · 1953
- St. Andrassy v. MooneyNew York Court of Appeals · 1933
- Dunkum v. MacEck Building Corp.New York Court of Appeals · 1931
- Frank v. EatonAppellate Division of the Supreme Court of the State of New York · 1928
- Cahill v. StaffordAppellate Division of the Supreme Court of the State of New York · 1905
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3Cited by4 opinions
- Centennial Square, Ltd. v. Resolution Trust Co.Colorado Court of Appeals · 1991
- Cambridge Factors, Inc. v. ThompsonAppellate Division of the Supreme Court of the State of New York · 1995
- Pergament v. Maghazeh Family Trust (In Re Maghazeh)United States Bankruptcy Court, E.D. New York · 2004
- Alden Hotel Co. v. KaninNew York Supreme Court · 1976