ORIX Capital Markets, LLC v. Cadlerocks Centennial Drive
Court of Appeals for the First Circuit
1Opinion of the Court
STAHL, Circuit Judge.
This lawsuit concerns a dispute between a borrower (along with its guarantor) and a lender over various expenses associated with a foreclosure on a parcel of real estate following a loan default. After a bench trial, the district court entered judgment in favor of the lender. For the following reasons, we reverse in part.
I. Facts & Background
Defendant Cadlerocks Centennial Drive, LLC (“Cadlerocks”) is a Massachusetts limited liability company whose single asset is a mixed-use commercial and industrial property located at One Centennial Drive, Peabody, Massachusetts…
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