Legal Opinion
1633 Associates v. Uris Buildings Corp.
Appellate Division of the Supreme Court of the State of New York
Decided February 6, 1979PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
Lupiano, J.
On June 24, 1969, plaintiffs assignor, Irving Trust Company, entered into a building loan agreement with Uris Capitol Corporation a subsidiary of defendant Uris Buildings Corporation, pursuant to which Irving agreed to and did lend to Uris Capitol $62,000,000 to be used for the construction of a 48-story office building, now known as 1633 Broadway. The agreement provided that the loan shall be evidenced by a note and shall be secured by a leasehold mortgage covering the borrower’s leasehold interest in the land and the improvements thereon. Simultaneously with…
2Cases cited3 opinions
- Kidd v. . McCormickNew York Court of Appeals · 1881
- Prudence Co. v. Fidelity & Deposit Co. of Md.Supreme Court of the United States · 1936
- Westcott v. Fidelity & Deposit Co.Appellate Division of the Supreme Court of the State of New York · 1903
3Cited by3 opinions
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- Turnberry Residential Ltd. Partner v. Wilmington Trust FSBAppellate Division of the Supreme Court of the State of New York · 2012