United States v. All, Inc.

Jerry Jewell appeals from the district court’s entry of judgment against him for $57,000 in satisfaction of a guaranty he had provided to help secure a $1,350,000 loan from the Economic Development Administration (EDA). For reversal, he contends that the district court erred in determining the fair market value of the property for which the loan was made. We affirm.

Jerry Jewell, a Little Rock dentist, guarantied part of a second mortgage held by the EDA on a Red Carpet Inn. When the hotel went bankrupt, the United States foreclosed on the first mortgage and obtained a right of redemption…