RFF Family Partnership, LP v. Link Development, LLC
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM & ORDER
GORTON, District Judge.
This action involves a series of disputes over loan obligations and associated mortgages encumbering 22 acres of commercial land in Saugus, Massachusetts (“the Property”).
*133I. Facts
Link Development, LLC (“Link”), formed and managed by Jeffrey Karll, a Massachusetts developer, purchased the Property for $1.3 million from Saugus Holding, LLC in 2005. During the following two years, Link granted mortgages secured by the Property to 1) Desert Pine, LLC to secure a $2 million loan (“Desert Pine mortgage”), 2) Desert Palm, LLC to secure a $2 million loan…
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