Massachusetts Mutual Life Insurance v. Gramercy Twins Associates
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—Order, Supreme Court, New York County (Carol H. Arber, J.), entered on or about April 14, 1993, which denied plaintiffs motion for summary judgment, unanimously reversed, on the law, with costs, and summary judgment of foreclosure in favor of plaintiff is granted.
On April 19, 1990, defendant Gramercy Twins Associates executed a non-recourse consolidated note evidencing indebtedness of $1.7 million to plaintiff Massachusetts Mutual Life Insurance Company, secured by a consolidated first mortgage on premises located at 33-39 East 21st Street in Manhattan, as well as a $500,000 letter of…
2Cases cited2 opinions
- Nassau Trust Co. v. Montrose Concrete Products Corp.New York Court of Appeals · 1982
- Friesch-Groningsche Hypotheekbank Realty Corp. v. EquitiesAppellate Division of the Supreme Court of the State of New York · 1992
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- Chemical Bank v. Broadway 55-56th Street AssociatesAppellate Division of the Supreme Court of the State of New York · 1995
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- New Horizons Investors, Inc. v. Marine Midland Bank, N. A.Appellate Division of the Supreme Court of the State of New York · 1998
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