American Century Mortgage Investors v. Bankamerica Realty Investors
Supreme Court of Georgia
1Opinion of the Court
Marshall, Justice.
This is a suit for declaratory judgment and injunctive relief brought by Bankamerica Realty Investors (BARI) against American Century Mortgage Investors (ACMI).
BARI, a California real estate investment trust (reit), and ACMI, a Massachusetts business trust, entered into an agreement to lend money to the developers of a real estate project, referred to as the Fairington project. BARI furnished 75% of the funds used to make the loan, and ACMI furnished 25% of the funds. Under the parties’ joint loan agreement, BARI is made the administrator of the loan. Paragraph 6.02 of the…
2Cases cited7 opinions
- Pinkard v. MendelSupreme Court of Georgia · 1960
- Dolanson Co. v. Citizens & Southern National BankSupreme Court of Georgia · 1978
- Tompkins v. PhilipsSupreme Court of Georgia · 1852
- Stolaman v. StolamanSupreme Court of Georgia · 1965
- Guthrie v. RowanCourt of Appeals of Georgia · 1925
2 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
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- EFFICIENCY LODGE, INC. v. NEASONSupreme Court of Georgia · 2023
- Franklin v. UAP/GA. AG. Chem., Inc.Court of Appeals of Georgia · 1999
2 more not listed; retrieve them via the Exa API.