Garcia v. Dormitory Authority

Order of the Supreme Court, New York County (Charles E. Ramos, J.), entered May 27, 1992, which granted defendant’s motion for summary judgment dismissing the complaint, unanimously affirmed, without costs.

Defendant provided financing to Columbia University, plaintiff’s employer, for the construction of dormitory facilities under an agreement which provides that title will be held by defendant until the loan is repaid. Thus, the relationship between the parties can be said to be more akin to that of mortgagor and mortgagee rather than that of traditional owner and tenant.

A statutory…