Garden State Buildings, L.P. v. First Fidelity Bank, N.A.

The opinion of the court was delivered by

DREIER, P.J.A.D.

Plaintiff Norwalk Hotel Associates (“Norwalk” or “plaintiff’), a partnership, appeals from a summary judgment in favor of defendant Midlantic National Bank (“Midlantic” or “defendant”) by its successor in interest, PNC Bank, N.A.,1 because the trial judge found that Norwalk ratified Midiantic’s assignment of Norwalk’s loan to defendant Starwood Apollo Hotel Partners III, L.P. (“Star-wood”), which assignment was made in contravention of an anti-assignment clause in the loan documents.

*514Prior to April 1987, plaintiff entered into a…