Sonnenblick-Goldman Corp., a New York Corporation v. George J. Murphy

CASTLE, Chief Judge.

Plaintiff brought this action in the district court 1 to recover $38,500. claimed as the balance due on a commission for procuring an interim loan commitment for defendant from Walter E. Heller & Company. The controversy arose from defendant’s need for a loan to complete a high-rise apartment building in Chicago, Illinois. Construction of the building had begun in December, 1963, based on financing commitments which later failed to materialize. The contract price for construction totaled $1,000,000. On May 1, 1964, when the property was a seven-story shell building,…