Creative Development Corp. v. Bond
Court of Special Appeals of Maryland
September Term, 1976.]
1Opinion of the CourtGilbert, C. J.
On May 15, 1973, Creative Development Corporation (Creative) granted to Calhoun Bond, Esquire, Trustee, a deed of trust securing the sum of $6,500,000 to be used in the purchase and renovation of Suburban Oaks, a building situated in the Pikesville area of Baltimore County. Creative proposed to convert the building from rental apartments to condominium units. Bond was the trustee designated by the lender, Chase Manhattan Mortgage and Realty Trust (Chase). Subsequently, on July 31, 1974, Creative granted a second deed of trust to Bond securing an additional $735,000. That sum was also advanced…
2Cases cited8 opinions
- Barnum v. BarnumCourt of Appeals of Maryland · 1875
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