Legal Opinion
In re First Phoenix-Weston, LLC
United States Bankruptcy Court, W.D. Wisconsin
Decided August 14, 2017No. Case No. 16-12820-cjf-11 Jointly Administered with Case No. 16-12821-cjf-11PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM DECISION
Catherine J. Furay, U.S. Bankruptcy Judge
This is a tale of two views of the same transaction. Debtor First Phoenix-Weston, LLC (“Weston”) borrowed $14,694,599.73 from Sabra Phoenix TRS Venture, LLC (“Sabra Phoenix”) in November of 2013. The transaction was documented by a Loan Agreement, Note, and Mortgage. In addition, an Option Agreement was executed the same day between Weston and Sabra Phoenix. The Loan Agreement and related documents—including the Option Agreement—were assigned to Sabra Phoenix Wisconsin, LLC (“Sabra”) by Sabra Phoenix.
On August 15, 2016, Weston and…
2Cases cited26 opinions
- Wassenaar v. PanosWisconsin Supreme Court · 1983
- Wisconsin Auto Title Loans, Inc. v. JonesWisconsin Supreme Court · 2006
- Discount Fabric House of Racine, Inc. v. Wisconsin Telephone Co.Wisconsin Supreme Court · 1984
- Seitzinger v. Community Health NetworkWisconsin Supreme Court · 2004
- State Ex Rel. Journal/Sentinel, Inc. v. PlevaWisconsin Supreme Court · 1990
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3Cited by2 opinions
- Pomrenke Mining, LLC, a Delaware Limited LiabilityUnited States Bankruptcy Court, D. Alaska · 2020
- Sterling Products Inc v. Lucid CorporationDistrict Court, E.D. Wisconsin · 2023