BAUTISTA REO U.S., LLC v. ARR INVESTMENTS, INC.
District Court of Appeal of Florida
1Opinion of the Court
Per Curiam. .
Bautista REO U.S., LLC (“Bautista REO”), appeals a non-final order granting ARR Investment, Inc.’s (“ARR”) motion for temporary injunction. Because ARR failed to establish irreparable harm with no adequate remedy at law, we reverse.
Factual Background
ARR is the owner and holding company of five daycare facilities in Florida. In April of 2003, ARR and Doral Bank, predecessor in interest to Bautista REO, entered into a loan transaction for $1,550,000. As evidence of the loan, ARR and Doral Bank executed a Loan and Security Agreement. Pursuant to the Loan and Security Agreement, and…
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