NAB Asset Venture IV, L.P. v. Orange-Burg Equities

In an action to foreclose a mortgage, the defendants appeal from an order of the Supreme Court, Rockland County (Sherwood, J.), dated July 12, 2001, which granted the plaintiff’s motion, inter alia, for summary judgment and for the appointment of a referee to ascertain and compute the amount due on the note and mortgage.

Ordered that the order is affirmed, with costs.

John Timoney, Pierce Paley, and Mark E. Baker were general partners in Orangeburg Equities (hereinafter Orange-burg), which was formed to develop a condominium complex in Rockland County. A series of mortgage loans were extended…