Legal Opinion

IP of a West 86th Street 1, LLC v. Morgan Stanley Mortgage Capital Holdings, LLC

Court of Appeals for the Seventh Circuit

Decided June 11, 2012No. 11-2891PublishedCited by 6 opinions

1Opinion of the Court

FLAUM, Circuit Judge.

In this case, twenty limited liability companies (“the Investors”) joined together to invest in property in Indiana. Needing a loan to finance their purchase, they formed a distinct limited liability company, IP of A Fund Manager, LLC (“IPA Fund Manager”), and vested in that entity the authority to negotiate and execute a loan on their behalf with Morgan Stanley Mortgage Capital Holdings, LLC (“Morgan Stanley”). They named Edward Okun as Manager of IPA Fund Manager. Okun executed a loan, mortgage, and reserve security agreement with Morgan Stanley.

IPA Fund Manager, under…

2Cases cited20 opinions

  1. Goodman v. National Security Agency, Inc.Court of Appeals for the Seventh Circuit · 2010
  2. Puffer v. Allstate InsuranceCourt of Appeals for the Seventh Circuit · 2012
  3. Carl E. Thomas v. Guardsmark, LLCCourt of Appeals for the Seventh Circuit · 2007
  4. Faulkenberg v. CB Tax Franchise Systems, LPCourt of Appeals for the Seventh Circuit · 2011
  5. Muscarello v. Ogle County Board of CommissionersCourt of Appeals for the Seventh Circuit · 2010

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3Cited by6 opinions

  1. Halperin v. International Web Services, LLCDistrict Court, N.D. Illinois · 2014
  2. North American Mechanical, Inc. v. Walsh Construction Co. II, LLCDistrict Court, E.D. Wisconsin · 2015
  3. Borusan Makina Ve Guc Sistemleri Sanayi Ve Ticaret A.S. v. Hoist Liftruck Mfg., Inc.District Court, N.D. Illinois · 2018
  4. Borusan Makina Ve Güç Sistemleri Sanayi Ve Ticaret A. v. Hoist Liftruck Mfg., Inc.District Court, E.D. Illinois · 2018
  5. The Hanover Insurance Company v. Mid-West Oil Co., Inc.District Court, N.D. Illinois · 2021

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