BKCAP, LLC v. Captec Franchise Trust 2000-1

TINDER, Circuit Judge.

Quality Dining, Inc. owns dozens of restaurants in several states, including Michigan, Indiana, and Pennsylvania. To refinance its debt, Quality Dining created subsidiaries (the plaintiffs-appellants or “Borrowers”) and made a deal with Captec Financial and GE Capital for 34 separate loans totaling $49 million, with each loan secured by a restaurant. Captec Financial assigned 13 of its loans to Captec Franchise Trust 2000-1 (the defendantappellee or “Lender”). The parties disagree about the prepayment requirements for 12 of those loans. This is the second time we have…